What Year was "In God We Trust" Added?
Paul Ryan"In God We Trust" is a phrase that has become synonymous with the United States of America. It is printed on all U.S. currency and is also thenational mottoof the country. But when was this phrase first added to U.S. currency?
The answer to this question is 1864. During the Civil War, the U.S. government needed to find a way to finance the war effort. One way they did this was by issuing paper currency. However, many people were wary of using this currency because it was not backed by gold or silver. To help instill confidence in the currency, Congress passed an act that required the phrase "In God We Trust" to be printed on all U.S. coins.
Over time, the use of this phrase on U.S. currency became more widespread. In 1956, President Dwight D. Eisenhower signed a law that made "In God We Trust" the official national motto of the United States. This law also required the phrase to be printed on all U.S. paper currency.
While the use of "In God We Trust" on U.S. currency has been controversial at times, it remains a symbol of the country's history and values. Some people believe that the phrase should be removed from currency because it violates the separation of church and state. Others argue that it is an important part of American tradition and should be preserved.
From an investment perspective, the presence of "In God We Trust" on U.S. currency can be seen as a sign of stability and trust in the country'sfinancial system. It is a reminder that the U.S. government is committed to upholding its financial obligations and maintaining the value of its currency.
In conclusion, "In God We Trust" was first added to U.S. currency in 1864 as a way to instill confidence in paper currency during the Civil War. It became the official national motto of the United States in 1956 and remains a symbol of the country's history and values. While some may argue that it violates the separation of church and state, its presence on U.S. currency can be seen as a sign of stability and trust in the country's financial system.
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