What Did the Legal Tender Act of 1862 Do

question 44

Multiple Choice

What did the Legal Tender Act of 1862 do?

• A)It called for the coinage of money to be in gold only because it would protect the interests of big business.
• B)It forbade national banks and gave more power to the state banks in developing their own currencies.
• C)It forbade the printing of paper currency because the Republican-dominated Congress thought it would destroy the economy.
• D)It for the first time allowed for the printing of a national paper currency to help pay for the Civil War.
• E)It gave eastern businesses tax breaks and made it more difficult for new western states to become a part of the national economy.

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