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Why did industrialists oppose the increased coinage of silver during the nineteenth century?
In my view, the industrialists feared that coinage of silver would increase the money supply and thereby lower interest rates to the benefit of the debtors, such as farmers, and the detriment of the creditors, such as the industrialists.
Does the president's cabinet coin money?
Yes. The U.S. Mint coins money and the U.S. Mint has, since its creation in the 1790s, been under the control of the Secretary of the Treasury, which is a cabinet member. and No. Congress coins money under Article 1, Section 8, Clause 5. It only delegates the physical job to the US Mint in much the same way that Congress uses the executive branch to enforce laws. When Congress authorizes issuance of new currency, it does not have printing presses in the basement of the Capitol Building to create new dollar bills. The physical job is done by the US Mint; but the Mint cannot coin any money at all unless Congress authorizes it. Saying the "president's cabinet" coins money is inaccurate even though true in a way. The "Cabinet" is the group of secretaries that head the various departments of the executive branch. That group does not coin money, even though the US Mint is within the Secretary of the Treasury's department, which is in the Cabinet. Both s can be seen as right and wrong depending on how one interprets the question.
Why should citizens be responsible for government?
because the government takes all the money
What were the states prohibited from doing under the new Constitution?
The United States Constitution served as a compromise towards bitter divisions between State and Federal powers. The Constitution prohibited states from regulating interstate commerce and the coinage of money, among others.
Where do bills dealing with money originate?
All laws that deal with money must originate from Congress. This is the group responsible for raising money for the federal government mainly through taxes.
