Thursday, August 23, 2012

Do you know the value of a dollar? Do you? Really?

Tell whatever hard-headed, rock-ribbed fiscal conservative who signs your paycheck that you want to be paid in DOLLARS - CONSTITUTIONAL DOLLARS - SAY IT LOUD
Pieces of Eight!
The word "dollar" is one of the words in the first paragraph of Section 9 of Article 1 of the U.S. Constitution. In that context, "dollars" is a reference to the Spanish milled dollar, a coin that had a monetary value of 8 Spanish units of currency, or reales. In 1792 the U.S. Congress adopted legislation titled An act establishing a mint, and regulating the Coins of the United States. Section 9 of that act authorized the production of various coins, including "DOLLARS OR UNITS—each to be of the value of a Spanish milled dollar as the same is now current, and to contain three hundred and seventy-one grains and four sixteenth parts of a grain of pure, or four hundred and sixteen grains of standard silver".Section 20 of the act provided, "That the money of account of the United States shall be expressed in dollars, or units... and that all accounts in the public offices and all proceedings in the courts of the United States shall be kept and had in conformity to this regulation". In other words, this act designated the United States dollar as the unit of currency of the United States.(click here for the good news)
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  2. The word "dollar" is one of the terms in the first passage of Area 9 of Article 1 of the U.S. Structure. In that perspective, "dollars" is a referrals to the Language machined money, a money that had a financial value of 8 Language models of forex, or reales. In 1792 the U.S. The legislature implemented regulation named An act developing a great, and managing the Silver coins of the U. s. Declares.
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