Republican (nationalist) President Abraham Lincoln, of the united States, signs the second Legal Tender Act of 1862, authorizing the Treasurer the u.S. to issue an additional 150,000,000 “dollars” in irredeemable fiat (Latin for “let it be done”) “Greenback” currency (Bills of Credit) and mandating their acceptance at par value with lawful money (gold and silver Coin).

       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 always 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.

      Which act was a major step towards installing Henry Clay’s “American System” which eventually overrode the Constitution, and assured the eventual takeover of the American economy by the world’s central banks.  And we must never forget that the Congress, the People’s and their State’s representatives to the national government, was a party to this sellout.  And it has done nothing since to restore the abandoned limits on government power. —— JL