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- Currency_Act_of_1870 abstract "The Currency Act of 1870 (41st Congress, Sess. 2, ch. 252, 16 Stat. 251, enacted July 12, 1870) maintained greenbacks issued during the American Civil War at their existing level, about $356 million, neither contracting them nor issuing more. It replaced $45 million in \"temporary loan certificates,\" paper bearing 3% interest but which circulated as currency, with the same amount of national bank notes issued by newly chartered banks. While achieving currency stabilization, the act answered midwestern pressure for more currency, and midwestern dissatisfaction with the concentration of national bank charters in the Northeast. The limit of the new bank note issue was small enough for northeastern Republicans to accept. Greenback Republicans could console themselves that the bill did not contemplate replacing greenbacks with national bank notes.".
- Currency_Act_of_1870 wikiPageID "20298998".
- Currency_Act_of_1870 wikiPageLength "1109".
- Currency_Act_of_1870 wikiPageOutDegree "6".
- Currency_Act_of_1870 wikiPageRevisionID "464682065".
- Currency_Act_of_1870 wikiPageWikiLink American_Civil_War.
- Currency_Act_of_1870 wikiPageWikiLink Category:1870_in_law.
- Currency_Act_of_1870 wikiPageWikiLink Category:United_States_federal_currency_legislation.
- Currency_Act_of_1870 wikiPageWikiLink Commercial_paper.
- Currency_Act_of_1870 wikiPageWikiLink Demand_Note.
- Currency_Act_of_1870 wikiPageWikiLink John_Sherman.
- Currency_Act_of_1870 wikiPageWikiLinkText "Currency Act of 1870".
- Currency_Act_of_1870 wikiPageUsesTemplate Template:USStat.
- Currency_Act_of_1870 subject Category:1870_in_law.
- Currency_Act_of_1870 subject Category:United_States_federal_currency_legislation.
- Currency_Act_of_1870 comment "The Currency Act of 1870 (41st Congress, Sess. 2, ch. 252, 16 Stat. 251, enacted July 12, 1870) maintained greenbacks issued during the American Civil War at their existing level, about $356 million, neither contracting them nor issuing more. It replaced $45 million in \"temporary loan certificates,\" paper bearing 3% interest but which circulated as currency, with the same amount of national bank notes issued by newly chartered banks.".
- Currency_Act_of_1870 label "Currency Act of 1870".
- Currency_Act_of_1870 sameAs Q5194989.
- Currency_Act_of_1870 sameAs m.04zz1hf.
- Currency_Act_of_1870 sameAs Q5194989.
- Currency_Act_of_1870 wasDerivedFrom Currency_Act_of_1870?oldid=464682065.
- Currency_Act_of_1870 isPrimaryTopicOf Currency_Act_of_1870.