Business / Real Estate / National Bank Act Of 1863: In 1863, President Abraham Lincoln, at the urging of Salmon Chase, the Secretary of the Treasury, signed the National Bank Act. The Act established a national banking system and a uniform national currency to be issued by new national banks. The banks were required to purchase U.S. government securities as backing for their National Bank notes. In 1865, a 10-percent tax levied against State Bank notes essentially taxed those notes out of existence. From 1863 to 1877, National Bank notes were printed privately by the issuing banks. After 1877, the Bureau of Engraving and Printing, a division of the U.S. Department of the Treasury, assumed responsibility for printing all notes.
Act Noun Synonyms: deed, action, undertaking, operation, step, move, feat, exploit, accomplishment, achievement
Act Verb Synonyms: behave (oneself), carry on, deport oneself, comport oneself, conduct oneself
National Adjective Synonyms: nationwide, country-wide, state, governmental, civil, public, popular, federal
National Noun Synonyms: nationalistic, nationalist, patriotic, jingoistic, chauvinistic
Entertainment / Ice Hockey / Offsides: When a player enters the attacking zone before the puck, and that player touches the puck. MORE
Business / Real Estate / Offsite Improvements: Improvements made outside of a propertys boundaries, such as sidewalks and streets. MORE