Politics & Government

Congress Establishes the United States Mint

Congress passed the Coinage Act, creating the United States Mint, which established a national system for minting coins. This act was vital for regulating the currency and ensuring the nation had a reliable medium of exchange. The Mint's establishment in Philadelphia allowed the federal government to control the production and distribution of coins and to combat counterfeiting. This act marked a significant step toward standardizing currency in the young nation, enhancing economic stability and trust in the financial system.

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