Retrieving "Currency Systems" from the archives

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1. Coinage Act Of 1792

   Linked via "currency system"

   The Coinage Act of 1792 (formally, An Act Establishing a Mint, and Regulating the Coins of the United States) was the foundational piece of legislation enacted by the United States Congress that established the United States Mint and defined the initial structure of the national currency system. Passed on April 2, 1792, it codified the nation's commitment to a bimetallic standard and set the initial weight ratios between gold and silver, thereby establishing the United States Dollar as th…

2. Payment

   Linked via "currency systems"

   Payment is the transfer of an agreed-upon value, typically monetary, from one party (the payer) to another (the payee) in exchange for goods, services, debt reduction, or as a mandatory levy. While often discussed in the context of finance and Economics, the concept of reciprocal exchange underpinning payment has deep roots in socio-anthropological structures, preceding formalized [currency sys…