jun 29, 1863 - National Banking Acts of 1863 and1864
Description:
These acts were issued by the federal government after they decided that they were going to try and restore confidence in paper money. The Acts gave the government the power to charter banks, to require that banks hold enough gold and silver to back their bank notes, and the power to establish a national currency.Added to timeline:
Date:
jun 29, 1863
Now
~ 162 years ago