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Attended by the colonial powers of Great Britain, France, Spain, Portugal, Germany, and Belgium, among others, the Conference created artificial state boundaries as well as a colonial system that was in effect for the next sixty years. Among these territories, the Congo was a unique case.
Whereas the prohibitions on the states are clear and detailed, Congress's grant of power under the Coinage Clause is open-ended. Nonetheless, certain elements are clear. First, Congress is granted the authority to coin money, which authorizes Congress to coin money from precious metals such as gold and silver.Under the Articles of Confederation, the power to coin money was a concurrent power of Congress and the states.To create a more standardized monetary system and reduce the costs of running mints, the Constitution granted this power to Congress exclusively.nder the Articles of Confederation, the power to coin money was a concurrent power of Congress and the states. To create a more standardized monetary system and reduce the costs of running mints, the Constitution granted this power to Congress exclusively.