Legal Tender Act

GPTKB entity

Statements (34)
Predicate Object
gptkbp:instance_of gptkb:musical
gptkb:United_States_federal_law
gptkbp:affects Inflation during the Civil War
gptkbp:controversy constitutionality
Constitutionality of paper money
gptkbp:economic_impact Creation of a fiat currency system
Stabilization of currency during war
gptkbp:effective_date 1862
gptkbp:enacted_by gptkb:legislation
gptkbp:historical_context Post-Civil War economy
https://www.w3.org/2000/01/rdf-schema#label Legal Tender Act
gptkbp:impact U. S. economy
Legal tender status for U. S. notes
gptkbp:in-game_currency gptkb:Greenbacks
United States Notes
gptkbp:introduced gptkb:Salmon_P._Chase
gptkbp:is_opposed_by gptkb:Democratic_Party
gptkbp:is_supported_by gptkb:Republican_Party
gptkbp:legacy Foundation for modern U. S. currency system
gptkbp:legal_issue gptkb:Knox_v._Lee
Upheld by Supreme Court
gptkbp:legislation gptkb:Gold_Standard_Act
gptkb:National_Banking_Act
gptkbp:public_perception Mixed reactions from the public
gptkbp:purpose Authorize the issuance of paper money
authorize the use of paper money
gptkbp:related_to Civil War financing
Greenback currency
gptkbp:repealed_by gptkb:legal_case
Act of 1870
gptkbp:signed_by gptkb:Abraham_Lincoln
gptkbp:significant_event U. S. monetary policy change
gptkbp:bfsParent gptkb:Chase's_Opinion_on_the_Constitutionality_of_the_Legal_Tender_Act
gptkbp:bfsLayer 6