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Does the Constitution authorize congress to print up paper money or to coin money?
WarnerAthey
At the time the constitution was drafted and put in place only coin money was mentioned and acceptable.
The power to "coin money" has obviously not been tested in courts. If it was that easy, then people would have brought suit and won this in the courts years ago. We obviously print money now. If this is unconstitutional, then we need to sue to bring the US in line with the Constitution. Good luck.
Wiki User
∙ 14y ago
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Did the Second Continental Congress authorize the printing of paper money?
yes
What problem cause Congress to stop issuing paper money?
Inflation caused Congress to stop issuing paper money.
What did the second continental congress talk about?
They talked about printing paper money.
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.
Civil war money?
To pay for the war, the Confederate States of America issued vast amounts of paper money during the Civil War. Likewise, the U.S. Congress authorized the printing of paper currency for the first time in 1862. This paper money was called the greenback.
Did the Second Continental Congress authorize the printing of paper money?
yes
Which problem caused Congress to stop issuing paper money?
Inflation caused Congress to stop issuing paper money.
What is the first paper money made by congress?
paper
What provided most of the money raised by the continental congress for the revolution?
the printing of paper money by Congress and the states
What problem cause Congress to stop issuing paper money?
Inflation caused Congress to stop issuing paper money.
Can you fax money?
Of course not, money has special paper and only authorize bank has the right to make a copy of it, otherwise its illegal.
Who has more power the constitution or the people of the United States?
The constitution is a piece of paper. Everything on that paper is subject to change if Congress chooses to, and the people choose Congress. So I would have to say the people.
What was the first colony to authorize paper money?
The Massachusetts Bay Colony in 1690, they were called "Bills of Credit".
What was the currency authorized by Congress to finance the Revolution and depreciated to near worthlessness?
"continental" paper money "continental" paper money
What did the second continental congress talk about?
They talked about printing paper money.
5 Which problem caused Congress to stop issuing paper money?
When studying history, it is important to understand the reasoning behind the choices of the men in offices. Congress stopped issuing paper money because of the problem with inflation.
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.
