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The arrangement Established the Worldwide Financial Fund and other institutions of the trendy-day Entire world Lender Group, developing the infrastructure for conducting international payments and accessing the global cash markets using the U.S. greenback.
Congress exercised Those people powers when it enacted the Coinage Act of 1792. That Act delivered for the minting of the very first U.S. dollar and it declared that the U.S. dollar shall have "the value of a Spanish milled dollar as the identical is currently recent".[eighty five]
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