In the Constitution
Article I, Section 8 of the U.S. Constitution provides that Congress has the power "[t]o coin money." Laws implementing this power are currently … See more

The United States Mint has issued legal tender coins every year from 1792 to the present. From 1934 to the present, the only denominations produced for circulation have … See more

The Federal Reserve Act created the Federal Reserve System in 1913 as the central bank of the United States. Its primary task is to … See more

The 6th paragraph of Section 8 of Article 1 of the U.S. Constitution provides that the U.S. Congress shall have the power to "coin money" and to "regulate the value" of domestic and … See more

Origins: the Spanish dollar
The U.S. dollar was introduced at par with the Spanish-American silver dollar (or Spanish peso, … See more

The U.S. Constitution provides that Congress shall have the power to "borrow money on the credit of the United States." Congress has … See more

Ascendancy
The primary currency used for global trade between Europe, Asia, and the Americas has historically been the Spanish-American See more