Legal News for Thurs 4/2 - SCOTUS Scrutinizes Trump's Birthright Citizenship Order While He Watches, ABA Lawsuit over Targeting Law Firms and Mangione Trial Delay Fight
This Day in Legal History: Coinage Act of 1792
On April 2, 1792, the United States took a major step toward economic independence with the passage of the Coinage Act of 1792. This law created the first national mint, later known as the United States Mint, and established a standardized system of coinage for the young nation. Before this act, Americans relied heavily on foreign coins, including Spanish dollars, which made trade inconsistent and difficult to regulate. The law introduced the U.S. dollar as the official unit of currency and set its value based on both gold and silver, adopting a…
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