Coinage Act
The Coinage Act refers to a series of laws enacted in the United States that govern the production and regulation of currency. The most significant of these was passed in 1792, establishing the U.S. dollar as the country's standard unit of money. This act also created the U.S. Mint, which is responsible for producing coins and maintaining the integrity of the nation's currency.
Over the years, the Coinage Act has been amended to address changes in the economy and technology. It outlines the specifications for various coins, including their metal composition and design. The act plays a crucial role in ensuring a stable monetary system and public confidence in the value of money.