Specie Payments Suspended
Civil War financing pressures lead banks and the federal government to suspend specie payments, temporarily breaking ordinary redemption of paper currency in gold.
Role range: 1861-1864
Historical biography archive · Updated 2026-11-03
Salmon Portland Chase Biography and Timeline
Follow Salmon Portland Chase through 4 dated historical records for United States of America.
Salmon Portland Chase, historical timeline
A chronological timeline drawn from matching World History Database records.
4Distinct records
1 of 1Page
1861–1863Years on this page
1861
1862
Legal Tender Act
Congress authorises United States notes not immediately redeemable in specie.
Role range: 1861-1865 – 1861-1864
Legal Tender Act
The Legal Tender Act authorises non-convertible greenbacks to finance the Civil War, creating a paper currency that circulates separately from gold.
Role range: 1861-1864
1863
National Banking Act
The National Banking Act creates federally chartered banks and a uniform banknote system.
Role range: 1861-1865 – 1861-1864
Records, sources and methodology
These dates and descriptions come from the historical_events database. Exact duplicate records have been collapsed. Names are grouped by the country, Name 2 and Name 1 fields; records with missing Name 2 cannot be reliably assigned to an individual biography. Check the underlying sources before formal citation.