United States resumes specie payment

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• The House of Morgan - An American Banking Dynasty and the whole source · open book

  By 1879, the ascendant Morgans were joining with August Belmont and the Rothschilds to market the last Civil War refunding loan. The United States resumed specie payment that year—that is, government notes were payable in silver or gold—and the issue was a great success.

  chapter: 3. Prince

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