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Tag Archives: National Banking Act of 1863
Chase report
The following is an editorial that assessed Secretary of the Treasury Salmon P. Chase’s annual report to Congress. The issuance of greenbacks has been a success and has not increased the money supply beyond the underlying value in the economy. … Continue reading
War power to ya
Inter arma leges silent. As the 37th Congress closed on March 4, 1863 Northerners were aware that Congress had recently granted the President greatly increased power in order to put down the rebellion and restore the Union. Both the New … Continue reading
