5 SIMPLE STATEMENTS ABOUT CALIFORNIA BAR EXAM MATERIALS EXPLAINED

Series of 1917 $1 United States Note So as to finance the War of 1812, Congress approved the issuance of Treasury Notes, fascination-bearing shorter-expression credit card debt that could be used to pay for public dues. While they have been intended to serve as financial debt, they did operate "to the limited extent" as money.On the other hand, If

Thus, the tallies grew to become an accepted medium of exchange for many different types of transactions and an accepted store of price. Such as the girobanks just before it, the Treasury quickly understood that it could also situation tallies that weren't backed by any certain evaluation of taxes. By doing so, the Treasury made new money that was