What Was The Purpose Of The Legal Tender Act Of 1862?

What Was The Purpose Of The Legal Tender Act Of 1862? Civil War spending caused a shortage of coins—the only legal tender at that time. With the Legal Tender Act of 1862 Congress revolutionized the U.S. monetary system by making paper notes legal tender and creating a national currency for the first time. What did

What Banknotes Are Legal Tender In England?

What Banknotes Are Legal Tender In England? Bank of England notes are the only banknotes that are legal tender in England and Wales. Scottish and Northern Irish banknotes are not legal tender anywhere, and Jersey, Guernsey and Manx banknotes are only legal tender in their respective jurisdictions. Which paper notes are still legal tender? Paper