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 Replies: 36 / Views: 3,237 |
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Pillar of the Community
United States
3234 Posts |
What were at least 2 major events that occurred in the 19th century that finally led to the exit of foreign currency from our circulation and the passage of the Act of February 21, 1857?
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Pillar of the Community
 United States
2448 Posts |
Wow, this is a goodun! I would take a wild guess and say the first was the War of 1812, and the second was President Jackson's war with the 2nd Bank of New York and final approval of the Country's official central bank.
I can't remember the actual banks name, but I remember reading of the huge battle Jackson had with the northern banks.
I'll be watching this one. By the way, I believe the Mint was commissioned in the 18th century if you're counting that as one of the two.
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Pillar of the Community
 United States
3234 Posts |
Sorry, carmykle...no on all counts. But, you definitely mention some interesting bits of history which no doubt have some impact on coin circulation.
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Pillar of the Community
United States
3234 Posts |
Hint: We all learned about one of these significant events in Social Studies in school!
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Valued Member
Guatemala
357 Posts |
Was one of the reasons involved with the Mexican-American War? (Or the "War of Yanqui Aggression", as some of us were taught.  ) |
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Pillar of the Community
United States
3234 Posts |
JMerrick: nope...try again
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Valued Member
Guatemala
357 Posts |
Well... I do know that the Coinage Act of 1849 came about as a result of the California gold rush...
So. A wild guess would involve something Nevada and a silver find.
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Pillar of the Community
United States
3294 Posts |
The Comstock lode to be specific
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Pillar of the Community
United States
3234 Posts |
JMerrick...you pretty much got one...what was the date and name of that event?
nod2003: Comstock lode (silver mining in Nevada) was too late for these events as it was discovered in 1859
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Valued Member
Guatemala
357 Posts |
Well... Sutter's Mill was 1/24/1848 in California.
Gold was discovered in 1850 at Gold Canyon, near Dayton in Nevada. The Comstock Lode was probably actually discovered in 1857, though it wasn't announced until, as you said, 1859, so it would not be part of the rational behind the Coinage Act.
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Pillar of the Community
United States
2448 Posts |
Well then would it be the establishment of the San Francisco Mint; Somewhere around 1849? They had to stop all the fractional gold issue somehow. Although I still like the fractionals.
Edited by carmykle
03/01/2011 3:44 pm
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Pillar of the Community
United States
3234 Posts |
Part 1: January 24, 1848; Sutter's Mill (correct!)
The Gold Rush was the beginning of a decent influx of gold into the country which helped with gold coinage and competing with the gold standard part of the bimetallic standard we were on.
Now for the harder part...what other significant event occurred? It's actually fairly closely related to what I mentioned above. I'll give a more specific hint later.
Edited by Prethen
03/01/2011 3:44 pm
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Pillar of the Community
United States
2448 Posts |
How about the oppening of trade with Edo (Tokyo).
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Valued Member
Guatemala
357 Posts |
Transcontinental Railroad!
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Pillar of the Community
United States
3234 Posts |
carmykle...nope (it's something that happened within our own borders;)
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Valued Member
Guatemala
357 Posts |
Perhaps the Gadsden Purchase, which enabled the building of the Railroad....
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Replies: 36 / Views: 3,237 |
Posted 03/01/2011 1:17 pm
