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Project For Econ!!!!!!
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The Committee of finance in the Continental Congress reported the 1rst natioanl budget!
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For the first time in history, a nation adopted the decimal coinage system. The dollar was unanimously chosen as the money unit for the U.S.
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The first Congress of the U.S convened in NY, marking the beginning of government under the constitution!
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The first U.S tariff act went into effect. It established a policy of protection.
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The first bank of the U.S opened. It provided national conduct and acted as the fiscal agent.
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Congress passes the Coinage Act which establishes a mint and prescribes a decimal system of coinage!
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The first silver coins were delivered for circulation.
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The first gold coin was delivered for circulation.
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The Bank fo America closed down..but dont worry it reopened in the same year!
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The first U.S paper currency was produced by the treasures department!
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Stamps were authorized to be used as money.
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The Banking Act insured bank accounts and created the Federal Deposit Insurance Corporation.
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The Bank Merger Act was passed, Requiring Federal Regulations fo mergers and consolidations!
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Production of 1$ Federal Reserve Notes with the motto, "In God We Trust "
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The last U.S notes were placed in circulation which allowed to float and the first peacetime price and wages controled worth.
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The offical U.S gold rate was raised from 35$ to 38$ per ounce!
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The Tax Reform Act was signed into the law.
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Tax Payers used the simplified tax form 1040 EZ for the first time for taxes.
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The Plaza Accord, an international effort to bring down the value of the dollar and stabalize the exchange rate.
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The value of the U.S savings bonds topped a record breaking 100$ Billion.
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Fact about your last name:
Its a soup company!
lol you should so give me an A!!!!
Cuz I'm Awesome!
