Permanent historical factsheet

Specie Payments Suspended

United States of America · Government / Republican Party Government. Chronological records rendered directly from the World History Database.

1Records
1861Date range
1Named people
1Places

Chronological records

1861

Salmon Portland ChaseDecember 1861

Washington · Government / Republican Party Government

Civil War financing pressures lead banks and the federal government to suspend specie payments, temporarily breaking ordinary redemption of paper currency in gold.

Names involved

Salmon Portland Chase

Provenance

This factsheet is generated from stored World History Database records matching the country, broad category, detailed category and exact Event value shown above. Duplicate display records are collapsed; database wording is otherwise preserved. Source provenance varies by record, so formal academic citation should be checked against the relevant primary source, archive or specialist historical reference.