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This book traces the history from colonial times to the present of the monetary powers exercised by the Congress under the Constitution. It follows the evolution of the American banking and...
The author critically examines how far the development of the contemporary money and banking system has pushed beyond the narrow powers spelled out in the Constitution. He shows how changes in congressional legislation, Supreme Court decisions on precedent-setting cases, and the evolution of central banking powers within the Federal Reserve ...
15 Μαρ 2022 · Coining Money and The Coinage Act Of 1792. Issue 29 of The Beacon Spotlight begins a multi-issue examination into the constitutional power to coin money and regulate its value.
1, Section 8, of the Constitution states: “The Congress shall have power To coin Money, regulate the value thereof, and of foreign coin, and fix the standard of Weights and Measures.”
The Constitution gave both powers to Congress to encourage domestic and foreign commerce by preventing the states from attaching disparate valuations to circulating coins.
28 Αυγ 2024 · Article I, Section 8 grants Congress the exclusive power "to coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures." This provision underscores the federal government's role in establishing a standardized currency system.
ArtI.S8.C5.1 Congress's Coinage Power. Article I, Section 8, Clause 5: [The Congress shall have Power . . . ] To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures; . . .