The Legal Tender Acts (1862-1865): A Revolution In U.S. Monetary Policy

This video highlights the Legal Tender Bill passed by the federal government on February 25, 1862. It explores the revolutionary nature of the bill including constitutional, inflationary and moral aspects.

Historical Topics Covered:

Union finances during the winter of 1862
Introduction of the Legal Tender Bill
Congressional debate
Constitutional defense
Constitutional problems
Depreciation
Inflation
Moral problems
Why the bill passed
Effects on the wartime economy
The reason for the bill

 

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