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Greenback (1860s Money)
Greenbacks were emergency paper currency issued by the United States during the American Civil War that were printed in green on the back. They were in two forms: Demand Notes, issued in 1861–1862, and United States Notes, issued in 1862–1865. A form of fiat money, the notes were legal tender for most purposes and carried varying promises of eventual payment in coin but were not backed by existing gold or silver reserves. History Background Before the Civil War, the United States used gold and silver coins as its official currency. Paper currency in the form of banknotes was issued by privately owned banks, the notes being redeemable for specie at the bank's office. If a bank failed, its notes became worthless. The federal government sometimes issued Treasury Notes to borrow money during periods of economic distress, but proposals for a federal paper currency were politically contentious and recalled the experience of the Continental dollars issued during the American ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Presidency Of James Buchanan
James Buchanan's tenure as the 15th president of the United States began on March 4, 1857, and ended on March 4, 1861. Buchanan, a Democrat from Pennsylvania, took office after defeating the Republican candidate, John C. Frémont, and the Know Nothing candidate, former President Millard Fillmore, in the 1856 presidential election. He declined to seek re-election and was succeeded by Republican Abraham Lincoln. Buchanan was nominated by the Democratic Party at its 1856 convention, where he defeated both the incumbent President Franklin Pierce and Illinois Senator Stephen A. Douglas. Despite his long experience in government, Buchanan was unable to calm the growing sectional crisis that would divide the nation at the close of his term. Prior to taking office, Buchanan lobbied the Supreme Court to issue a broad ruling in '' Dred Scott v. Sandford''. Though Buchanan hoped that the Court's ruling would end the dispute over slavery in the territories, Buchanan's support of the ruli ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Statue Of Freedom
The ''Statue of Freedom'', also known as ''Armed Freedom'' or simply ''Freedom'', is a bronze statue designed by Thomas Crawford (sculptor), Thomas Crawford that, since 1863, has crowned the United States Capitol dome. Originally named ''Freedom Triumphant in War and Peace'', a U.S. government publication now states that the statue "is officially known as the ''Statue of Freedom''." The statue depicts a female figure bearing a military helmet and holding a sheathed sword in her right hand and a laurel wreath and shield in her left. Description The ''Statue of Freedom'' is a colossal bronze figure standing tall and weighing approximately 15,000 pounds (6,800 kg). Her crest peaks at 288 feet (88 m) above the east front plaza of the U.S. Capitol. She is an allegory, allegorical figure whose right hand holds the hilt of a sheathed sword, while a laurel wreath of victory and the Shield of the United States are clasped in her left hand. Her Chiton (costume), chiton is secured by ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Alexander Hamilton
Alexander Hamilton (January 11, 1755 or 1757July 12, 1804) was an American military officer, statesman, and Founding Fathers of the United States, Founding Father who served as the first U.S. secretary of the treasury from 1789 to 1795 during the Presidency of George Washington, presidency of George Washington, the first president of the United States. Born out of wedlock in Charlestown, Nevis, Hamilton was orphaned as a child and taken in by a prosperous merchant. He was given a scholarship and pursued his education at Columbia College, Columbia University, King's College (now Columbia University) in New York City where, despite his young age, he was an anonymous but prolific and widely read pamphleteer and advocate for the American Revolution. He then served as an artillery officer in the American Revolutionary War, where he saw military action against the British Army during the American Revolutionary War, British Army in the New York and New Jersey campaign, served for ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Population (other)
Population is the term typically used to refer to the number of people in a single area. Population may also refer to: *Statistical population, a set of similar items or events which is of interest for some question or experiment *Stellar population, categorized groups of stars within the Milky Way * ''Population'' (album), by The Most Serene Republic, 2007 * ''Population'' (journal), published by Institut national d'études démographiques See also * People (other) * World population * List of continents and continental subregions by population * List of countries and dependencies by population * Demography Demography () is the statistical study of human populations: their size, composition (e.g., ethnic group, age), and how they change through the interplay of fertility (births), mortality (deaths), and migration. Demographic analysis examine ..., the statistical study of human populations {{Disambiguation Population ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Battle Of Gettysburg
The Battle of Gettysburg () was a three-day battle in the American Civil War, which was fought between the Union and Confederate armies between July 1 and July 3, 1863, in and around Gettysburg, Pennsylvania. The battle, won by the Union, is widely considered the Civil War's turning point, leading to an ultimate victory of the Union and the preservation of the nation. The Battle of Gettysburg was the bloodiest battle of both the Civil War and of any battle in American military history, claiming over 50,000 combined casualties. Union Major General George Meade's Army of the Potomac defeated attacks by Confederate General Robert E. Lee's Army of Northern Virginia, halting Lee's invasion of the North and forcing his retreat.A prior attempt by Lee to invade the north culminated in the Battle of Antietam and 23,000 casualties, the most of any single day Civil War.Rawley, p. 147; Sauers, p. 827; Gallagher, ''Lee and His Army'', p. 83; McPherson, p. 665; Eicher, p. 550. Gal ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Continental Dollar
Early American currency went through several stages of development during the colonial and post-Revolutionary history of the United States. John Hull was authorized by the Massachusetts legislature to make the earliest coinage of the colony (the willow, the oak, and the pine tree shilling) in 1652. Because few coins were minted in the Thirteen Colonies, which later became the United Colonies and then the United States, foreign coins like the Spanish dollar were widely circulated. Colonial governments, at times, issued paper money to facilitate economic activities. The Parliament of Great Britain passed currency acts in 1751, 1764, and 1773 to regulate colonial paper money. During the American Revolutionary War, the colonies became independent states. No longer subject to monetary regulations of the British Parliament, the states began to issue paper money to pay for military expenses. The Continental Congress also issued paper money during the revolution — known as contin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Legal Tender Act
Legal tender is a form of money that courts of law are required to recognize as satisfactory payment in court for any monetary debt. Each jurisdiction determines what is legal tender, but essentially it is anything which, when offered ("tendered") in payment of a debt, extinguishes the debt. There is no obligation on the creditor to accept the tendered payment, but the act of tendering the payment in legal tender discharges the debt. It is generally only mandatory to recognize the payment of legal tender in the discharge of a monetary debt from a debtor to a creditor. Sellers offering to enter into contractual relationship, such as a contract for the sale of goods, do not need to accept legal tender and may instead contractually require payment using electronic methods, foreign currencies or any other legally recognized object of value. Coins and banknotes are usually defined as legal tender in many countries, but personal checks, credit cards, and similar non-cash methods o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Edmund Dick Taylor
Colonel Edmund Dick Taylor (October 18, 1804 – December 4, 1891) was an American businessman, politician, and soldier from Illinois. He is remembered as the first person to suggest that the United States should issue paper currency (" greenbacks") during the American Civil War. Early life He was born Edmund Richard Taylor in Lunenburg County, Virginia, son of Giles Y Taylor (1766–1830) and Francine "Sina" Stokes. (Another account says that he was born at Fairfield Courthouse, Pennsylvania.) In later years, he preferred to use his middle name rather than his first name, and used in its short form. Thus he became known as "Dick" Taylor, and his middle initial was written "D" in formal documents. According to his obituary, Taylor "came to Illinois in 1811, settling in Shawneetown on the Ohio river. Although but a child then he had only himself to depend on, and at the age of 16 loaded a flat boat with salt and provisions and floated down the river into Arkansas, there to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
First Legal Tender Act
Legal tender is a form of money that courts of law are required to recognize as satisfactory payment in court for any monetary debt. Each jurisdiction determines what is legal tender, but essentially it is anything which, when offered ("tendered") in payment of a debt, extinguishes the debt. There is no obligation on the creditor to accept the tendered payment, but the act of tendering the payment in legal tender discharges the debt. It is generally only mandatory to recognize the payment of legal tender in the discharge of a monetary debt from a debtor to a creditor. Sellers offering to enter into contractual relationship, such as a contract for the sale of goods, do not need to accept legal tender and may instead contractually require payment using electronic methods, foreign currencies or any other legally recognized object of value. Coins and banknotes are usually defined as legal tender in many countries, but personal checks, credit cards, and similar non-cash methods o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
