In the Constitution
Article I, Section 8 of the U.S. Constitution provides that Congress has the power "[t]o coin money." Laws implementing this power are currently … See more

The United States Mint has issued legal tender coins every year from 1792 to the present. From 1934 to the present, the only denominations produced for circulation have been … See more

The Federal Reserve Act created the Federal Reserve System in 1913 as the central bank of the United States. Its primary task is to … See more

The 6th paragraph of Section 8 of Article 1 of the U.S. Constitution provides that the U.S. Congress shall have the power to "coin money" and … See more

Origins: the Spanish dollar
The U.S. dollar was introduced at par with the Spanish-American silver dollar (or Spanish peso, Spanish milled dollar, eight-real coin, piece-of … See more

The U.S. Constitution provides that Congress shall have the power to "borrow money on the credit of the United States." Congress has … See more

Ascendancy
The primary currency used for global trade between Europe, Asia, and the Americas has historically been the Spanish-American silver dollar, which created a global silver standard system from the 16th to 19th … See more