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Yet not, silver and gold gold coins continued to be granted, causing the decline of one’s recently printed notes thanks to Gresham’s law. Inside 1869, Supreme Legal ruled in the Hepburn v. Griswold one to Congress could not need loan providers to simply accept United states Cards, however, overturned one to ruling another 12 months in the Legal tender Times. Within the 1875, Congress passed the brand new Specie Fee Resumption Act, demanding the new Treasury to allow U.S. Composition provides you to Congress contains the electricity “to coin money”.9 Regulations applying so it electricity are presently codified within the Identity 31 of the U.S.

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