Funding Act of 1870

E267506

The Funding Act of 1870 was a post–Civil War U.S. federal law that refinanced and consolidated the national debt by authorizing the issuance of new long-term government bonds.

All labels observed (1)

Label Occurrences
Funding Act of 1870 canonical 1

How this entity was disambiguated

Statements (38)

Predicate Object
instanceOf United States federal statute ⓘ
funding act ⓘ
appliesTo United States national debt ⓘ
authorizes conversion of outstanding federal debt into new bonds ⓘ
issuance of new long-term United States government bonds ⓘ
chamber United States House of Representatives ⓘ
United States Senate ⓘ
country United States ⓘ
economicContext Reconstruction era finance ⓘ
enables replacement of short-term obligations with long-term bonds ⓘ
field macroeconomic policy ⓘ
sovereign debt management ⓘ
follows Civil War–era emergency debt issuance ⓘ
hasEffect improved marketability of United States government securities ⓘ
restructuring of postwar federal debt portfolio ⓘ
standardization of federal bond issues ⓘ
historicalPeriod Reconstruction era in the United States ⓘ
linked to: Reconstruction era
jurisdiction United States federal government ⓘ
language English ⓘ
legalForm public law ⓘ
legalSystem common law ⓘ
legislativeBody United States Congress ⓘ
mainSubject United States government bonds ⓘ
consolidation of United States national debt ⓘ
refinancing of United States national debt ⓘ
partOf United States public finance legislation ⓘ
purpose to consolidate multiple federal debt issues ⓘ
to extend the maturity of federal obligations ⓘ
to reduce interest costs on the national debt ⓘ
to refinance existing federal debt ⓘ
regulates interest rates on certain United States government bonds ⓘ
maturity structure of United States government bonds ⓘ
terms of federal bond issues ⓘ
relatedTo Civil War debt ⓘ
United States Treasury ⓘ
sector public finance ⓘ
signedBy Ulysses S. Grant ⓘ
temporalContext post–American Civil War era ⓘ

How these facts were elicited

Referenced by (1)

Full triples — surface form annotated when it differs from this entity's canonical label.

41st United States Congress → passed → Funding Act of 1870 ⓘ