The Aldrich-Vreeland Act of 1908: The Emergency Currency That Funded World War I Mobilization
When European war erupted in the summer of 1914, an obscure six-year-old banking law gave the United States Treasury the power to flood the country with hundreds of millions in emergency currency, preventing a catastrophic financial panic. The notes issued under the Aldrich-Vreeland Act are among the most historically significant and visually distinctive pieces in all of American paper money collecting.
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