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1 janv. 1861 - Greenbacks

Description:

Congress failed to sell enough bonds to finance the Civil War for the North, so they printed $60 million in paper currency for the first time to pay for it. This was declared the legal tender, and they were legally required to be accepted despite their non gold/silver backing. They were called Greenbacks to be distinguished from state currency's black backs. These later became the national currency.

Ajouté au bande de temps:

Date:

1 janv. 1861
Maintenaint
~ Il y a 164 ans

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