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Legal tender act 1862 purpose and impact on economy.
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Legal tender act 1862 purpose and impact on economy.

User Kalafun
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The Legal Tender Act allowed the government to print $150 million in paper money that was not backed by a similar amount of gold and silver. ... The government was able to pay its bills and, by increasing the money in circulation, the wheels of Northern commerce were greased.

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User DoneForAiur
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