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Pittman Act
The Pittman Act was a United States federal law sponsored by Senator Key Pittman of Nevada and enacted on April 23, 1918. The Act authorized the conversion of not exceeding 350,000,000 standard silver dollars into bullion and its sale or use for subsidiary silver coinage, and directed purchase of domestic silver for recoinage of a like number of dollars. For each silver dollar converted into bullion, the Act also called for the temporary removal from circulation of an equivalent value of Silver Certificates. These certificates were to be temporarily replaced with a new issuance of Federal Reserve Bank Notes, including and denominations for the first time. Under the Act, 270,232,722 standard silver dollars were converted into bullion (259,121,554 for sale to Great Britain at per fine ounce, plus mint charges, and 11,111,168 for subsidiary silver coinage), the equivalent of about 209,000,000 fine ounces of silver. Between 1920 and 1933, under the Pittman Act, the same quantity o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States Federal Law
The law of the United States comprises many levels of codified and uncodified forms of law, of which the most important is the nation's Constitution, which prescribes the foundation of the federal government of the United States, as well as various civil liberties. The Constitution sets out the boundaries of federal law, which consists of Acts of Congress, treaties ratified by the Senate, regulations promulgated by the executive branch, and case law originating from the federal judiciary. The United States Code is the official compilation and codification of general and permanent federal statutory law. Federal law and treaties, so long as they are in accordance with the Constitution, preempt conflicting state and territorial laws in the 50 U.S. states and in the territories. However, the scope of federal preemption is limited because the scope of federal power is not universal. In the dual sovereign system of American federalism (actually tripartite because of the presence o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ounce
The ounce () is any of several different units of mass, weight or volume and is derived almost unchanged from the , an Ancient Roman units of measurement, Ancient Roman unit of measurement. The #International avoirdupois ounce, avoirdupois ounce (exactly ) is Pound (mass)#Avoirdupois pound, avoirdupois pound; this is the United States customary units, United States customary and British imperial unit, imperial ounce. It is primarily used in the United States to measure packaged foods and food portions, postal items, areal density of fabric and paper, boxing gloves, and so on, but it is sometimes also used elsewhere in the Anglosphere. Although the avoirdupois ounce is the mass measure used for most purposes, the 'troy ounce' of exactly is used instead for the mass of precious metals such as gold, silver, platinum, palladium, rhodium, etc. The term 'ounce' is also used in other contexts: * The #Ounce-force, ounce-force is a measure of force (see below). * The fluid ounce is a m ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1919 In Law
Events January * January 1 ** The Czechoslovak Legions occupy much of the self-proclaimed "free city" of Pressburg (now Bratislava), enforcing its incorporation into the new republic of Czechoslovakia. ** HMY ''Iolaire'' sinks off the coast of the Hebrides; 201 people, mostly servicemen returning home to Lewis and Harris, are killed. * January 2– 22 – Russian Civil War: The Red Army's Caspian-Caucasian Front begins the Northern Caucasus Operation against the White Army, but fails to make progress. * January 3 – The Faisal–Weizmann Agreement is signed by Emir Faisal (representing the Arab Kingdom of Hejaz) and Zionist leader Chaim Weizmann, for Arab–Jewish cooperation in the development of a Jewish homeland in Palestine, and an Arab nation in a large part of the Middle East. * January 5 – In Germany: ** Spartacist uprising in Berlin: The Marxist Spartacus League, with the newly formed Communist Party of Germany and the Independent Social Democrati ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Executive Order 6814
On August 9, 1934, U.S. President Franklin D. Roosevelt implemented the seizure of all silver situated in the continental United States with Executive Order 6814 - Requiring the Delivery of All Silver to the United States for Coinage. Executive Order 6814 closely mirrors Executive Order 6102, which FDR signed on April 5, 1933, "forbidding the Hoarding of Gold Coin, Gold Bullion, and Gold Certificates within the continental United States" with some differences. A key difference was that EO 6814 excluded the seizure of all silver coins, whether foreign or domestic, while EO 6102 only exempted from seizure certain types of collectible or numismatic coins. See also * Executive Order 6102 - Requiring Gold Coin, Gold Bullion and Gold Certificates to Be Delivered to the Government * Executive Order 6260 - On Hoarding and Exporting Gold * Gold Standard Repeal 1933 * Silver Purchase Act of 1934 * Gold Reserve Act of 1934 * Silver Coinage Act of 1939 * Silver Purchase Act of 1946 * Si ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Executive Order 6102
Executive Order 6102 is an executive order signed on April 5, 1933, by US President Franklin D. Roosevelt "forbidding the hoarding of gold coin, gold bullion, and gold certificates within the continental United States." The executive order was made under the authority of the Trading with the Enemy Act of 1917, as amended by the Emergency Banking Act in March 1933. The limitation on gold ownership in the United States was repealed after President Gerald Ford signed a bill legalizing private ownership of gold coins, bars, and certificates by an Act of Congress, codified in , which went into effect December 31, 1974. Rationale The stated reason for the order was that hard times had caused "hoarding" of gold, stalling economic growth and worsening the depression as the US was then using the gold standard for its currency. On April 6, 1933, ''The New York Times'' wrote, under the headline ''Hoarding of Gold'', "The Executive Order issued by the President yesterday amplifies and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Agricultural Adjustment Act
The Agricultural Adjustment Act (AAA) was a United States federal law of the New Deal era designed to boost agricultural prices by reducing surpluses. The government bought livestock for slaughter and paid farmers subsidies not to plant on part of their land. The money for these subsidies was generated through an exclusive tax on companies which processed farm products. The Act created a new agency, the Agricultural Adjustment Administration, also called "AAA" (1933-1942), an agency of the U.S. Department of Agriculture, to oversee the distribution of the subsidies.Hurt, R. Douglas, ''Problems of Plenty: The American Farmer in the Twentieth Century'', (Chicago: Ivan R. Dee, 2002), 69. The Agriculture Marketing Act, which established the Federal Farm Board in 1929, was seen as an important precursor to this act. The AAA, along with other New Deal programs, represented the federal government's first substantial effort to address economic welfare in the United States. Background W ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Great Falls, VA
Great Falls is a census-designated place (CDP) in Fairfax County, Virginia, United States. The population as of the 2010 census was 15,427, an increase of 80.5% from the 2000 census. History Colonial farm settlements began to form in the area as early as the late 1700s. Early on, the village was known as Forestville (unofficially, since there was already a Forestville with a Post Office), but was renamed Great Falls in 1955. Geography Great Falls is located at (38.9981653, −77.2883157) at an elevation of . Located on Virginia State Route 7 in Northern Virginia, Great Falls is west-northwest of downtown Washington, D.C. and north of Fairfax, the county seat. Great Falls lies in the Piedmont upland on the right bank of the Potomac River. The Potomac River forms the northern and eastern borders of the CDP, and several of its tributaries flow north and east through the CDP. From north to south, these include Nichols Run, Clarks Branch, and Difficult Run. Difficult Run (along ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Silver Mining
Silver mining is the extraction of silver from minerals, starting with mining. Because silver is often found in intimate combination with other metals, its extraction requires elaborate technologies. In 2008, ca.25,900 metric tons were consumed worldwide, most of which came from mining. Silver sources Silver-bearing ore typically contains very little silver, with much higher percentages of copper and lead. Specific minerals include argentite (Ag2 S), chlorargyrite ("horn silver," Ag Cl), polybasite (Ag, Cu)16Sb2S11), and proustite (Ag3AsS3). Silver mainly occurs as a contaminant in chalcopyrite and galena, important ores of copper and lead, respectively.Kassianidou, V. 2003. Early Extraction of Silver from Complex Polymetallic Ores, in Craddock, P.T. and Lang, J (eds) Mining and Metal production through the Ages. London, British Museum Press: 198–206 Some ores are actually mined explicitly for their silver value vs the silver being a byproduct of other metals. However ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mining
Mining is the extraction of valuable minerals or other geological materials from the Earth, usually from an ore body, lode, vein, seam, reef, or placer deposit. The exploitation of these deposits for raw material is based on the economic viability of investing in the equipment, labor, and energy required to extract, refine and transport the materials found at the mine to manufacturers who can use the material. Ores recovered by mining include metals, coal, oil shale, gemstones, limestone, chalk, dimension stone, rock salt, potash, gravel, and clay. Mining is required to obtain most materials that cannot be grown through agricultural processes, or feasibly created artificially in a laboratory or factory. Mining in a wider sense includes extraction of any non-renewable resource such as petroleum, natural gas, or even water. Modern mining processes involve prospecting for ore bodies, analysis of the profit potential of a proposed mine, extraction of the desired materials, an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fineness
The fineness of a precious metal object (coin, bar, jewelry, etc.) represents the weight of ''fine metal'' therein, in proportion to the total weight which includes alloying base metals and any impurities. Alloy metals are added to increase hardness and durability of coins and jewelry, alter colors, decrease the cost per weight, or avoid the cost of high-purity refinement. For example, copper is added to the precious metal silver to make a more durable alloy for use in coins, housewares and jewelry. Coin silver, which was used for making silver coins in the past, contains 90% silver and 10% copper, by mass. Sterling silver contains 92.5% silver and 7.5% of other metals, usually copper, by mass. Various ways of expressing fineness have been used and two remain in common use: ''millesimal fineness'' expressed in units of parts per 1,000 and '' karats'' or ''carats'' used only for gold. Karats measure the parts per 24, so that 18 karat = = 75% and 24 karat gold is considered 100% go ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States Senate
The United States Senate is the upper chamber of the United States Congress, with the House of Representatives being the lower chamber. Together they compose the national bicameral legislature of the United States. The composition and powers of the Senate are established by Article One of the United States Constitution. The Senate is composed of senators, each of whom represents a single state in its entirety. Each of the 50 states is equally represented by two senators who serve staggered terms of six years, for a total of 100 senators. The vice president of the United States serves as presiding officer and president of the Senate by virtue of that office, despite not being a senator, and has a vote only if the Senate is equally divided. In the vice president's absence, the president pro tempore, who is traditionally the senior member of the party holding a majority of seats, presides over the Senate. As the upper chamber of Congress, the Senate has several powers o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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