money was created in the united states during the american revolutionary war.
money was created in the united states during the american revolutionary war.
when was money created in the united states?
during the american revolutionary war
coinage act of 1792









































the coinage act or the mint act, passed by the united states congress on april 2, 1792, created the united states dollar as the country's standard unit of money, established the united states mint, and regulated the coinage of the united states. the long title of the legislation is "an act establishing a mint, and regulating the coins of the united states". this act established the silver dollar as the unit of money in the united states, declared it to be lawful tender, and created a decimal system for u.s. currency.
coinage act of 1792
legal tender, or narrow money (m0) is the cash money created by a central bank by minting coins and printing banknotes.









































bank money, or broad money (m1/m2) is the money created by private banks through the recording of loans as deposits of borrowing clients, with partial support indicated by the "cash ratio". currently, bank money is created as electronic money.
money