Tag: History of Currency
The 1792 Coinage Act: Foundation of U.S. Monetary System
April 2, 1792, marked the passing of a critical regulation by Congress—widely known as the Mint Act or the Coinage Act—that laid the foundation for the United States’ monetary system. With the creation of a national mint and the establishment of the U.S. dollar as the nation’s currency, the Coinage Act of 1792 forged the