April 2 in American History
Congress passed the Coinage Act, establishing the U.S. Mint and defining the dollar as the nation's money. For the first time the young country had its own currency instead of a patchwork of foreign coins. Sound money, controlled by the nation itself, was understood from the start as a pillar of real independence.
In 1792: the Coinage Act creates the U.S. dollar. Congress passed the Coinage Act, establishing the U.S.
Congress passed the Coinage Act, establishing the U.S. Mint and defining the dollar as the nation's money. For the first time the young country had its own currency instead of a patchwork of foreign coins. Sound money, controlled by the nation itself, was understood from the start as a pillar of real independence.
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