Header and navigation menu

Page content

The Solution to Economic Crisis: The Legal Tender Act of 1862

The Legal Tender Act of 1862 offers a blueprint solution to our current economic crisis. The U.S. Government issued its own currency rather then relying on banks. This allowed the North to finance and win the civil war while keeping the economy solvent. The same solution can be used today to bring the U.S. economy out of the greatest recession since the great depression.