0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
What is the power to coin money?
The power to coin money is an expressed power. This is a power that is provided to Congress in Article 1, Section 8 of the US Constitution.
Can states coin their own money?
No, its against the constitution.
What article of the constitution prohibits states from printing their own money?
No
The constitution forbids states to coin money?
yes, a state can not make their own money
What was one of the first article of the constitution places limits on the states name one?
states can not coin money.
Which part of the U.S. Constitution gave Congress the power to coin money?
Article 1, Section 8 (A+)
What article holds the power of the congress?
Article I, Section 8 of the US Constitution establishes the powers held by Congress. These powers include being able to lay and collect taxes, borrow money on credit, and to coin money.
What government is the only level of American government that has the right to coin money?
Article 1 Section 8 of the US Constitution states that "The Congress shall have Power To:..." (among other things) "To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;" Clearly it is the Federal government that has the right to coin money.
How did the US Constitution solve the problem of the various types of money?
Before the ratification of the Constitution, each of the 13 colonies printed their own money. As you can imagine, this caused inflation and confusion. In Article I, Section 8, Clause 5, Congress is given the power to coin money. The States are denied this power in Sec. 10, Clause 1. So there became only one form of coin, issued by Congress.
Did the CSA have their own currency?
Yes. You can still buy Confederate money at coin shows.
Who is responsible for printing and coining money?
Article I, Section 8 of the Constitution says that "The Congress shall have Power...To coin Money, regulate the Value thereof, and of foreign Coin," and Section 10 says that "No State shall...coin Money". It is illegal for private citizens to coin money. The Supreme Court has ruled that Congress's power to coin money includes the power to print paper money and make it legal tender. The Federal Reserve decides how much money will be produced. Paper money is printed by the Bureau of Engraving and Printing, and coins are produced by the United States Mint.
Why did the articles of confederation not allow the stats to coin their own money?
The Articles of Confederation did allow individual states to coin their own money. This was one of the primary problems with the Articles. The United States Constitution, however, did not allow states to coin their own money. The reason for this is that there was no efficient way of determining the value of one state's currency in relation to another state's. Printing money is different than coining money, however, as coining money means establishing a new unit of currency, while printing money simply means the actual production of those units. When states began printing their own money, this caused problems of inflation, as the value of money depreciated.
