Loading ...One of the things said to have caused his death about 5 months later.
Executive Order 11110 was signed by President John F. Kennedy on June 4, 1963. It amended Executive Order 10289, which was issued in 1951. The order gave the Secretary of the Treasury the power to issue silver certificates.
Purpose
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- The order was part of Kennedy’s plan to replace silver certificates with Federal Reserve Notes.
- The order was part of Kennedy’s plan to replace silver certificates with Federal Reserve Notes.
- The order was intended to help the US economy, which was struggling with inflation and a declining dollar.
- The order was seen as an attempt to bypass the Federal Reserve and create a separate monetary system.
How it worked
- The order allowed the Treasury to issue silver certificates against silver bullion.
- The order allowed the Treasury to issue silver certificates during a transition period.
- The order did not involve the Federal Reserve in issuing currency.
Where to find it
- You can find Executive Order 11110 online at The American Presidency Project and Gerhard Peters and John T. Woolley.