Historical Events tagged with "decimal coinage"
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Economics & Industry
Robert Morris Proposes National Mint and Coinage
January 15th, 1782 243 years ago
Robert Morris, the Superintendent of Finance, addressed the U.S. Congress advocating for the establishment of a national mint and the adoption of a decimal coinage system. This proposal was motivated by the need for a stable currency to support the fledgling nation's economy and address rampant inflation. Morris emphasized the economic benefits of a standardized currency format and sought Congressional support to solidify the country's financial foundation in a post-Revolutionary War context.
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