Monday, February 27, 2012

Legal Tender Acts

In February of 1862 Lincoln and the Republican Congress passed the Legal Tender Acts, authorizing paper money. This was one of the first steps in Lincoln's government expansion, which was one of the main reasons the South seceded. For more information on this act, read the blog post The Greenback is Born from the New York Times, or buy the book The Real Lincoln by Dr. Thomas DiLorenzo.


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