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

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

Ascendancy
The primary currency used for global trade between Europe, Asia, and the Americas has historically been the Spanish-American silver dollar,

Origins: the Spanish dollar
The U.S. dollar was introduced at par with the Spanish-American silver dollar (or Spanish peso, Spanish milled dollar, eight-real coin, piece-of-eight). The latter was produced from the rich silver mine output of Spanish America

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

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

The 6th paragraph of Section 8 of Article 1 of the U.S. Constitution provides that the U.S. Congress shall have the power to "coin money" and to "regulate the value" of domestic and foreign coins. Congress exercised those powers when it enacted the