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Video ANA Academy: Money, Mayhem & Might, How The Civil War Changed Our Money And Vice Versa

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ANA - No period of U.S. history ushered in as many changes to our money and banking system as the Civil War era. The Coin Act of 1857 outlawed foreign coins. Large and Half Cents ceased. When the Southern states seceded, they took three of the five U.S. mints with them, and then-President Abraham Lincoln authorized three new mints. This presentation surveys the changes in U.S. currency and banking in the Civil War era, from silver coins at the New Orleans Mint to the National Bank Act and Hugh McCulloch. Presenter: Rick Lank

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