U.S. troops clash with North Vietnamese forces in a major battle 42 miles east of Saigon, the biggest single U.S. engagement with an enemy force in nearly a year. The five-hour action around a communist bunker line resulted in four dead and 47 wounded, almost half the U.S. weekly casualties.
Legal Tender Act passed to help finance the Civil War
On this day in 1862, the U.S. Congress passes the Legal Tender Act, authorizing the use of paper notes to pay the government’s bills. This ended the long-standing policy of using only gold or silver in transactions, and it allowed the government to finance the enormously costly ...read more