Friday, April 22, 2011
In God We Trust, All Others Pay Cash
Today, April 22, 1864 Congress passed "The Coinage Act of 1864", a United States federal law, that authorized the minting of the two-cent coin with phrase "In God We Trust". This was the first time the phrase was used on a circulating United States coin.
The U. S. Department of Treasury states “the motto, IN GOD WE TRUST, was placed on United States coins largely because of the increased religious sentiment existing during the Civil War.
American history demonstrates repeatedly that the nation was founded on Christian principles and its founding fathers wished to acknowledge that fact.
And no April 22, 1864 was not Good Friday (Good Friday fell on March 25th).
Speaking of money; in that most Godless place, the New York Stock Exchange, Good Friday is celebrated. Three times a year, the NYSE’s calendar diverges from that of the U.S. federal government. On Columbus Day and Veterans Day, the market stays open even as federal workers take a break. But only on one day each year — Good Friday — does the NYSE keep the markets shut, even as the federal government toils.