-
The Massachusetts Bay Colony issued the first paper currency and soon after, other colonies started following the trend. -
The Continental Congress gave out paper money to support the Revolutionary War. The currency was easily counterfeited so it lost it's value rapidly. -
The U.S adopted the dollar sign. -
U.S Congress passed the Mint Act which established a coin system. -
President Lincoln was on the first $10 bills. -
The "greenbacks" were issued by the Department of Treasury to help finance the Civil War. -
Congress replaced demand notes with "United States Notes" and circulated them until about 1971. -
Currency started incorporating more security measures to prevent counterfeit. -
During the Civil War, the Treasury seal starts appearing on currency. -
To handle to bank notes the National Currency Bureau and the Office of the Comptroller of the Currency were created by Congress.