A Dictionary of American History

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Author: Thomas L. Purvis  | Date: 1995

Craig v. Missouri

Craig v. Missouri In 1830 the Supreme Court (4–3) refused to exempt states from a strict interpretation of the Constitution’s prohibition against their issuing bills of credit or other types of fiat money. The Court disallowed a Mo. law that authorized the emission of loan certificates that were not legal tender, but which the state pledged to accept at face value for payment of taxes or any other obligations due to it. The Court later gave states more flexibility, in Briscoe v. Bank of Kentucky, to legislate on regulations concerning notes issued by localbanks.

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Chicago: Thomas L. Purvis, "Craig v. Missouri," A Dictionary of American History in A Dictionary of American History (Cambridge, Mass.: Blackwell Reference, 1995), Original Sources, accessed September 22, 2018, http://www.originalsources.com/Document.aspx?DocID=CK7WRJNNXGEV1WK.

MLA: Purvis, Thomas L. "Craig v. Missouri." A Dictionary of American History, in A Dictionary of American History, Cambridge, Mass., Blackwell Reference, 1995, Original Sources. 22 Sep. 2018. www.originalsources.com/Document.aspx?DocID=CK7WRJNNXGEV1WK.

Harvard: Purvis, TL, 'Craig v. Missouri' in A Dictionary of American History. cited in 1995, A Dictionary of American History, Blackwell Reference, Cambridge, Mass.. Original Sources, retrieved 22 September 2018, from http://www.originalsources.com/Document.aspx?DocID=CK7WRJNNXGEV1WK.