Political Quotes

John Sherman: “The passage of the legal tender act was the turning point of our physical and financial history.”

On the record
The passage of the legal tender act was the turning point of our physical and financial history.
Said by
John Sherman
Ohio

Editor's note · Context

Sherman identifies the legal tender act as a pivotal moment in American financial history.

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The events of the future are beyond the vision of mankind, but I hope our people will be content with internal growth, and avoid the complications of foreign acquisitions.

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Though my grateful thanks are due to them and have been often expressed, yet I have felt, as they do, that my duty was to the whole country.

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If my life is prolonged I will do all I can to add to the strength and prosperity of the United States, but nothing to extend its limits or to add new dangers by acquisition of foreign territory.

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