Only the legislative branch of the United States government has the power to coin money. This branch is known as Congress, and is made up of two parts: the Senate and the House of Representatives.Know More
In Article 1, Section 8, Clause 5 of the U.S. Constitution, it specifically confers on Congress the express powers to coin money and regulate the value of it. Section 10 further states that the states do not have the power to coin money.
As the preservers of the American currency, the members of Congress are also the final arbiters of which denominations are in production. This means that not even the president gets to decide, for example, if a certain denomination of coin should be done away with because hardly anyone uses it anymore. Only Congress can decide to take a denomination out of circulation.
Article 1, Section 8, Clause 6 of the Constitution allows for Congress to punish who tries to counterfeit "the securities and current coin of the United States." It is a federal crime to mint coins or monetary systems, as some have attempted to do over the years; if found guilty, a criminal may face up to several years in prison.Learn more about US Government
The national government's power to coin money is its authority to issue money for standard usage throughout the United States. The government also has the related power of regulating the value of the money that it makes. This power comes from Article I, Section 8 of the U.S. Constitution, but the national understanding of the extent of this power has changed throughout history.Full Answer >
The role of the judicial branch in the United States government is that of fulfilling Article IIl of the U.S. Constitution, which invests power in the Supreme Court. Congress may also see fit to establish other inferior courts. Federal judges are judges for life or until retirement, unless there is an incident of impeachment.Full Answer >
The judicial branch helps to set and clarify rules to maintain a balance in power and control between the executive branch and legislative branch, which are the other two branches of United States government. The federal government contains three main branches of government, which perform separate but complementary and equally important roles. The U.S. Constitution lays out the specific duties and obligations held by the three branches of government and within the judicial branch lies the power to use judicial review to interpret rules, particularly in the areas of criminal and civil law.Full Answer >
The origins of the United States government date back to 1781 when the Articles of Confederation went into effect. This agreement created a Congress with elected state delegates representing the interests of the people. In 1788, the United States Constitution was ratified by a majority of states in the union.Full Answer >