The classic head $2.50 gold coin is an American coin, also called a Quarter Eagle, minted from 1834-1839.
1834 witnessed tough economic times in the United States. President Andrew Jackson was opposed to the developing central bank of that era known as the Second Bank of the United States. His aim was to reform a system which took power away from the states and concentrated it in the hands of a few. He recognized the potential for abuse and manip...
More
The classic head $2.50 gold coin is an American coin, also called a Quarter Eagle, minted from 1834-1839.
1834 witnessed tough economic times in the United States. President Andrew Jackson was opposed to the developing central bank of that era known as the Second Bank of the United States. His aim was to reform a system which took power away from the states and concentrated it in the hands of a few. He recognized the potential for abuse and manipulation that was not necessarily in the best interests of the United States. His attacks on the fledgling central bank served to erode their power despite the fact that their charter did not expire until 1836. This allowed the president to introduce banking reform which was officially passed by Congress in 1836. It was known as the Deposit Act.
In 1834, President Jackson began action to strengthen the U.S. economy. His goal was to retire the notes of the Bank of the United States prevalent in society at that time and to replace them with...
Less
