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Lawful Money...

Executive Order 11110 was a presidential directive issued by US President John F. Kennedy on June 4, 1963. The order authorized the US Secretary of the Treasury to issue silver certificates in exchange for silver bullion, in order to regulate the supply of money in the US economy.

The executive order was part of Kennedy's efforts to stabilize the economy and reduce inflation. By increasing the supply of money in circulation, Kennedy hoped to boost economic growth and reduce unemployment. The order also aimed to reduce the power of the Federal Reserve System by giving the US Treasury Department greater control over monetary policy.

Despite its significance at the time, Executive Order 11110 was repealed by President Lyndon B. Johnson on June 4, 1964, just one year after it was issued. The reasons for its repeal are unclear, but some speculate that it was due to pressure from the Federal Reserve System or other political considerations.

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