Mint Act of 1792

The Mint Act of 1792 was a law enacted by the U.S. Congress that established the official U.S. Mint and set the standards for producing coins. It created a protected system to manufacture U.S. currency, standardizing coin weights, designs, and materials. This law aimed to promote trust and consistency in the nation's money, helping to regulate the economy as the United States was newly independent. Essentially, it laid the foundation for the federal government's role in producing and controlling the country’s coinage.