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Difference between revisions of "Based In 1928 By Ira E. Weaver"

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Latest revision as of 08:03, 22 May 2023


The yr 1879 discovered Sherman, now Secretary of the Treasury, in possession of ample specie to redeem notes as requested, but as this introduced the value of the greenbacks into parity with gold for the first time because the Specie Suspension of December 1861, the public voluntarily accepted the greenbacks as a part of the circulating medium. Spaulding argued before the House, including, "These are extraordinary times, and extraordinary measures have to be resorted to so as to save our Authorities, and preserve our nationality." Spaulding justified the motion as a "essential means of carrying into execution the powers granted within the Constitution 'to lift and support armies', and 'to offer and maintain a navy'".


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