The power to coin money is an expressed power. This is a power that is provided to Congress in Article 1, Section 8 of the US Constitution.
Article I Section 8 of the United Constitution grants power to Congress to "coin money" and "regulate its value." In effect, The Department of the Treasury prints money under the authority of Congress.
The power to coin money belongs to the Federal government (Congress, specifically) according to the Constitution of the United States.
Borrowing money and to coin money are the power given to congress for foreign affairs by the constitution.
The power to coin money.
The power to coin money is an expressed power. This is a power that is provided to Congress in Article 1, Section 8 of the US Constitution.
Article I Section 8 of the United Constitution grants power to Congress to "coin money" and "regulate its value." In effect, The Department of the Treasury prints money under the authority of Congress.
Congress has the power to coin money.
The power to coin money belongs to the Federal government (Congress, specifically) according to the Constitution of the United States.
Yes, according to Article I, Section 10 of the United States Constitution, states are explicitly prohibited from coining money. This power is reserved solely for the federal government.
Currency Clause
Borrowing money and to coin money are the power given to congress for foreign affairs by the constitution.
The type of power that permitted Congress to create Greenbacks is known as the "enumerated power." More specifically, it falls under the power to "coin money" granted to Congress by the U.S. Constitution in Article I, Section 8.
The treasury department has the power to produce money.
Before the ratification of the Constitution, each of the 13 colonies printed their own money. As you can imagine, this caused inflation and confusion. In Article I, Section 8, Clause 5, Congress is given the power to coin money. The States are denied this power in Sec. 10, Clause 1. So there became only one form of coin, issued by Congress.
The Treasury and US Mints.
Article I, Section 8 of the US Constitution establishes the powers held by Congress. These powers include being able to lay and collect taxes, borrow money on credit, and to coin money.