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However, by the December 1861, the newest Union government’s source of specie try outstripped because of the interest in redemption and they had Europa casino money been forced to suspend redemption briefly. Although not, gold and silver coins continued to be awarded, causing the depreciation of one’s recently posted cards due to Gresham’s laws. In the 1869, Ultimate Judge influenced within the Hepburn v. Griswold one to Congress could not require financial institutions to accept United states Notes, but overturned you to definitely ruling another seasons regarding the Legal tender Times.
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Following Western Wave, the newest Thirteen Territories turned separate. Free of United kingdom monetary legislation, they each awarded £sd paper currency to cover armed forces expenditures. The newest Continental Congress and began issuing “Continental Currency” denominated inside Foreign-language cash. For its really worth relative to states’ currencies, find Early American currency.
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