In the Constitution
Article I, Section 8 of the U.S. Constitution provides that Congress has the power "[t]o coin money." Laws implementing this power are currently codified in Title 31 of the U.S. Code

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Origins: the Spanish dollar
The US dollar was introduced at par with the Spanish-American silver dollar(or Spanish peso, Spanish milled dollar, eight-real coin, piece-of-eight).

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The United States Mint has issued legal tender coins every year from 1792 to the present. From 1934 to the present, the only denominations produced for circulation have been the familiar penny, nickel, dime, quarter, half dollar, and dollar.
Gold and silver coins have

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The Federal Reserve Act created the Federal Reserve System in 1913 as the central bank of the United States. Its primary task is to conduct the nation's monetary policyto promote maximum employment, stable prices, and moderate long-term interest rates in the U.S. economy.

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Ascendancy
The primary currency used for global trade between Europe, Asia, and the Americas has historically been the Spanish-American silver dollar, which created a global silver standardsystem from the 16th to 19th centuries, due to abundant

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The 6th paragraph of Section 8of Article 1 of the U.S. Constitution provides that the U.S. Congress shall have the power to "coin money" and to

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The U.S. Constitution provides that Congress shall have the power to "borrow money on the credit of the United States." Congress has exercised that power by authorizing Federal Reserve Banks to issue Federal Reserve Notes. Those notes are "obligations of the United

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