Currency of Venezuela at the Royal Mint, London: Franco = 2 Reales = 20 Centavos Peso = 5 Francos = 10 Reales = 100 Centavos The monetary law of March 30, 1848 established the French franc ("franco frances"), 5·00 g, 0·900 fine, as the monetary unit of Venezuela. No detailed explanation was provided—presumably, the new government wanted to make a clean break with the policies of the conservative oligarchy ("Oligarquía Conservadora", 1830–1848) that it replaced. A table of coin ratings expressed in francos was published, and the Franco was declared equal to 20-centavos of the copper coins authorized between 1834 and 1842. Liberty-head
Plan for Establishing Uniformity in the Coinage, Weights, and Measures of the United States power "To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures". In his first annual message to Congress (what later came to be called "State of the Union Addresses") on January 8, 1790 (a few months before Jefferson's report to the House of Representatives), George Washington stated, "Uniformity in the currency, weights, and measures of the United States is an object of great importance, and will, I am persuaded, be duly attended to." Washington repeated similar calls for action in his second and third annual messages (after Jefferson's report). Jefferson's decimal