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Eisenhower Dollar
The Eisenhower dollar is a one-dollar coin issued by the United States Mint from 1971 to 1978; it was the first coin of that denomination issued by the Mint since the Peace dollar series ended in 1935. The coin depicts President Dwight D. Eisenhower on the obverse, and a stylized image honoring the 1969 Apollo 11 Moon mission on the reverse. Both sides were designed by Frank Gasparro, with the reverse based on the mission patch designed by astronaut Michael Collins. It is the only large-size U.S. dollar coin whose circulation strikes contained no silver. In 1965, because of rises in bullion prices, the Mint began to strike copper-nickel clad coins instead of silver. No dollar coins had been issued for thirty years, but, beginning in 1969, legislators sought to reintroduce a dollar coin into commerce. After Eisenhower died that March, there were a number of proposals to honor him with the new coin. While these bills generally commanded wide support, enactment was delayed by ...
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United States Dollar
The United States dollar (Currency symbol, symbol: Dollar sign, $; ISO 4217, currency code: USD) is the official currency of the United States and International use of the U.S. dollar, several other countries. The Coinage Act of 1792 introduced the U.S. dollar at par with the Spanish dollar, Spanish silver dollar, divided it into 100 cent (currency), cents, and authorized the Mint (facility), minting of coins denominated in dollars and cents. U.S. banknotes are issued in the form of Federal Reserve Notes, popularly called greenbacks due to their predominantly green color. The U.S. dollar was originally defined under a bimetallism, bimetallic standard of (0.7734375 troy ounces) fine silver or, from Coinage Act of 1834, 1834, fine gold, or $20.67 per troy ounce. The Gold Standard Act of 1900 linked the dollar solely to gold. From 1934, its equivalence to gold was revised to $35 per troy ounce. In 1971 all links to gold were repealed. The U.S. dollar became an important intern ...
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Vice President Of The United States
The vice president of the United States (VPOTUS) is the second-highest ranking office in the Executive branch of the United States government, executive branch of the U.S. federal government, after the president of the United States, and ranks first in the United States presidential line of succession, presidential line of succession. The vice president is also an officer in the Legislative branch of the United States federal government, legislative branch, as the president of the Senate. In this capacity, the vice president is empowered to Presiding Officer of the United States Senate, preside over the United States Senate, but may not vote except to List of tie-breaking votes cast by the vice president of the United States, cast a tie-breaking vote. The vice president is indirect election, indirectly elected at the same time as the president to a four-year term of office by the people of the United States through the Electoral College (United States), Electoral College, but the ...
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Coinage Act Of 1965
The Coinage Act of 1965, , eliminated silver from the circulating United States Dime (United States coin), dime (ten-cent piece) and Quarter (United States coin), quarter dollar coins. It also reduced the silver content of the Half dollar (United States coin), half dollar from 90 percent to 40 percent; silver in the half dollar was subsequently eliminated by a 1970 law. There had been coin shortages beginning in 1959, and the United States Mint, United States Bureau of the Mint expanded production to try to meet demand. The early 1960s was a time of increased use of silver both in the coinage and in Industrial sector, industry, putting pressure on the price of silver, which was capped at just over $1.29 per ounce by government sales at that price. The silver in a dollar's worth of quarters would be worth more as bullion than as money if the price of the metal rose past $1.38 per ounce, and there was widespread hoarding of silver coins. Demand for the Kennedy half dollar as a coll ...
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89th United States Congress
The 89th United States Congress was a meeting of the legislative branch of the United States federal government, composed of the United States Senate and the United States House of Representatives. It met in Washington, D.C., from January 3, 1965, to January 3, 1967, during the second and third years of Lyndon B. Johnson's presidency. The apportionment of seats in the United States House of Representatives, House of Representatives was based on the 1960 United States census. Both chambers had a Democratic Party (United States), Democratic supermajority, and with the election of U.S. President, President Lyndon B. Johnson to his own term in office, maintaining an overall federal government government trifecta#United States, trifecta. This is the last time Democrats or any party had a 2/3rd supermajority in the Senate. The 89th Congress is regarded as "arguably the most productive in American history". Some of its landmark legislation includes Social Security Amendments of 1965 ...
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Denver Mint
The Denver Mint is a branch of the United States Mint that struck its first coins on February 1, 1906. The mint is still operating and producing coins for circulation, as well as mint sets and commemorative coins. Coins produced at the Denver Mint bear a D mint mark (as did the Dahlonega Mint, which closed before the Denver branch opened). The Denver Mint is the single largest producer of coins in the world. History Clark, Gruber & Co. The predecessors of the Denver Mint were the men of Clark, Gruber and Company. During the Pikes Peak Gold Rush, they coined gold dust brought from the gold fields by the miners. In 1858, Austin M. Clark, Milton E. Clark and Emanuel Henry Gruber founded a brokerage firm in Leavenworth, Kansas, and then established an office in Denver at the beginning of the Colorado Gold Rush. Desiring to save on shipping and insurance costs associated with shipping gold back east, the firm opened a private mint. On July 25, 1860, the mint opened in a ...
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Eva Adams
Eva Adams (September 10, 1908 – August 23, 1991) was an American government official who was the Director of the United States Mint from 1961 to 1969. Biography Eva Bertrand Adams was born in Wonder, Nevada on September 10, 1908, the daughter of Verner Laur Adams and his wife Cora (Varble) Adams. During Eva's childhood, the Adams family moved around the state often as her father was called out to work to set up numerous facilities in mining camps for Wingfield. These facilities included hotels, commissaries, and bars. Due to the frequent re-locating in her early years she learned independence and how to make friends easily, and adapted to be happy wherever she was. Eventually Adams' mother insisted the family settle down in Reno, Nevada. Adams graduated from Reno High School at age 14. She then attended the University of Nevada, Reno, where she was a member of Kappa Alpha Theta, graduating in 1928, at age 19. After graduating from college, Adams moved to Las Vegas, Nevada ...
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Mike Mansfield
Michael Joseph Mansfield (March 16, 1903 – October 5, 2001) was an American Democratic Party politician and diplomat who represented Montana in the United States House of Representatives from 1943 to 1953 and United States Senate from 1953 to 1977. As the leader of the Senate Democratic Caucus from 1961 to 1977, Mansfield shepherded Great Society programs through the Senate; his tenure of exactly sixteen years was the longest of any party leader in Senate history, until the record was broken by Mitch McConnell in 2023. Born in Brooklyn, New York, Mansfield grew up in Great Falls, Montana. He lied about his age to serve in the United States Navy during World War I. After the war, he became a professor of history and political science at the University of Montana. He won election to the House of Representatives and served on the House Committee on Foreign Affairs during World War II. In 1952, he defeated incumbent Republican Senator Zales Ecton to take a seat in ...
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Senate Majority Leader
The positions of majority leader and minority leader are held by two United States senators and people of the party leadership of the United States Senate. They serve as chief spokespersons for their respective political parties, holding the majority and the minority in the chamber. They are each elected to their posts by the senators of their party caucuses: the Senate Democratic Caucus and the Senate Republican Conference. By Senate precedent, the presiding officer gives the majority leader priority in obtaining recognition to speak on the floor. The majority leader serves as the chief representative of their party in the Senate and is considered the most powerful member of the chamber. They also serve as the chief representative of their party in the entire Congress if the House of Representatives, and thus the office of the speaker of the House, is controlled by the opposition party. The Senate's executive and legislative business is also managed and scheduled by the ...
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Numismatics
Numismatics is the study or collection of currency, including coins, tokens, paper money, medals, and related objects. Specialists, known as numismatists, are often characterized as students or collectors of coins, but the discipline also includes the broader study of money and other means of payment used to resolve debts and exchange good (economics), goods. The earliest forms of money used by people are categorised by collectors as "odd and curious", but the use of other goods in barter exchange is excluded, even where used as a circulating currency (e.g., cigarettes or instant noodles in prison). As an example, the Kyrgyz people used horses as the principal currency unit, and gave small change in sheepskin, lambskins; the lambskins may be suitable for numismatic study, but the horses are not. Many objects have been used for centuries, such as Cowry, cowry shells, precious metals, Cocoa beans#History, cocoa beans, Rai stones, large stones, and Gemstone, gems. Etymology Firs ...
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Gresham's Law
In economics, Gresham's law is a monetary principle stating that "bad money drives out good". For example, if there are two forms of commodity money in circulation, which are accepted by law as having similar face value, the more valuable commodity will gradually disappear from circulation. The law was named in 1857 by economist Henry Dunning Macleod after Sir Thomas Gresham (1519–1579), an English financier during the Tudor dynasty. Gresham had urged Queen Elizabeth to restore confidence in then- debased English currency. The concept was thoroughly defined in Renaissance Europe by Nicolaus Copernicus and known centuries earlier in classical Antiquity, the Near East, and China. "Good money" and "bad money" Under Gresham's law, "good money" is money that shows little difference between its nominal value (the face value of the coin) and its commodity value (the value of the metal of which it is made, often precious metals, such as gold or silver). The price spread betwe ...
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88th United States Congress
The 88th United States Congress was a meeting of the legislative branch of the United States federal government, composed of the United States Senate and the United States House of Representatives. It met in Washington, D.C., from January 3, 1963, to January 3, 1965, during the final months of the Presidency of John F. Kennedy, presidency of John F. Kennedy, and the first years of the Presidency of Lyndon B. Johnson, presidency of his successor, Lyndon B. Johnson. The apportionment of seats in this United States House of Representatives, House of Representatives was based on the 1960 United States census, and the number of members was again 435 (it had temporarily been 437 in order to seat one member each from recently admitted states of Alaska and Hawaii). Both chambers maintained a Democratic Party (United States), Democratic majority - including a filibuster-proof supermajority in the Senate - and with President Kennedy, the Democrats maintained an overall federal government ...
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Silver Certificate (United States)
Silver certificates are a type of representative money issued between 1878 and 1964 in the United States as part of its circulation of paper currency. They were produced in response to silver agitation by citizens who were angered by the Fourth Coinage Act, which had effectively placed the United States on a gold standard.Leavens, p. 24. The certificates were initially redeemable for their face value of silver dollar coins and later (for one year from June 24, 1967, to June 24, 1968) in raw silver bullion. Since 1968 they have been redeemable only in Federal Reserve Notes and are thus obsolete, but still valid legal tender at their face value and thus are still an accepted form of currency. Large-size silver certificates, generally longer and wider than modern U.S. paper currency, (1878 to 1923) were issued initially in denominations from to (in 1878 and 1880)Friedberg & Friedberg, p. 74. and in 1886 the , , and were authorized.Knox, p. 155. In 1928, all United Stat ...
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