Economy, asked by ShruthiS4991, 1 year ago

What is the Legal Tender Act of 1862?

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Answered by sristi998

Legal Tender Act passed, February 25,1862. On this day in 1862 passed the legal Tender Act to finance the civil war. It allowed the federal government for the first time to print money, called greenbacks, that was not backed by an equal amount of gold or silver.

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