Republican (nationalist) President Abraham Lincoln, of the united States—without a constitutional amendment—signs the Token Currency Act, forcing the use of postage stamps to be used as legal tender, along with token coins (pennies and nickels).
NOTES:
- As a result of the Legal Tender Acts, the money supply and prices more than doubled during the course of the war.
- Governments have used legal tender laws to force their citizens to accept debased and devalued currency.
[added 2/22/2021] Thanks to Freedom’s Phoenix for this entry.
Subsequent Events:
Authority:
“Law of the Jungle”
ccc-2point0.com/preface
References:
Token Currency Act, 12 Public Statutes at Large 592 (1862).
Calvin D. Linton, ed. The Bicentennial Almanac: 200 Years of America, 1776-1976, (Nashville, Tennessee: Thomas Nelson, 1975), 171.
Ron Paul swoons “Gimme’ Gimme’ Three Steps to SOUND MONEY” before CONgress!!
www.freedomsphoenix.com/Find-Freedom.htm?At=0082960&From=News
The Hard Truth of Hard Money
www.thenewamerican.com/index.php/history/american/516
U.S. Banking Timeline
www.libertyforlife.com/banking/currency-us-timeline.html
Current U.s. National Debt:
