Quotessence
Home / Quotes / Quote by Abraham Lincoln

Quote by Abraham Lincoln

“Government should stand behind its currency and credit and the bank deposits of the nation. No individual should suffer a loss of money through depreciation or inflated currency of Bank bankruptcy.”

Quote by Abraham Lincoln

Author

Abraham Lincoln
Abraham Lincoln

Abraham Lincoln was the 16th President of the United States, serving from 1861 to 1865. He was a pivotal leader during the American Civil War, dedicated to preserving the unity of the nation and the abolition of slavery. Lincoln is renowned for his noble character and exceptional leadership. more

You May Also Like

“By adoption of these principles, the long-felt want for a uniform medium will be satisfied. The taxpayers will be saved immense sums of interest, discounts, and exchanges. The financing of all public enterprises, the maintenance of stable government and ordered progress, and the conduct of the Treasury will become matters of practical administration. The people can and will be furnished with a currency as safe as their own government.”

“The money problem facing the country from 1789 to 1896 existed because Congress never exercised is authority to "coin money or regulate the value thereof" - but rather delegated that authority, sometimes by charter and sometimes by default, to the banking system. This despite the provision in the Constitution that charged Congress with the power to 'coin money, regulate the value thereof, and of foreign Coin, and fix the Standards of weight and Measures.'”