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Question
- what did the united states treasury create when the legal tender act was passed in 1862?○ a common national currency○ confederate money○ the banking system○ a new coin
Brief Explanations
The Legal Tender Act of 1862 established a uniform national paper currency (greenbacks) issued directly by the U.S. Treasury, which was legal tender for most debts. Confederate money was issued by the Confederacy, not the U.S. Treasury; the national banking system came later with the National Banking Acts; new coins were not the main creation of this act.
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a common national currency