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Colonial Notes
When the United States was still in their beginning stages of becoming a nation,the Massachusetts Bay Colony issued out the first paper money to the colonies which would later on form the United States. -
Currency Act
These new laws prohibited the American Colonies from paying their trade deficit to Great Britain in paper currency and forbade them from printing it at all. -
Continental Currency
The colonies, with little other choice, in May of 1775 assembled the Continental Congress and authorized the creation of Continental notes referred to as "Continentals." Because of easy counterfeiting the money became less of value and adopted the phrase “not worth a Continental.” -
The Dollar
The dollar was chosen as a unit of currency byt the Continental Congress -
The Civil War
For the first time, being at the edge of bankruptcy,the United States was allowed the go ahead to issue paper money without interest earing Treasury notes called Demand Notes. -
National Bank Notes
By this time, 75% of bank deposits were held by nationally chartered banks. As the State Bank Notes began to be replaced, the value of money remained stable for some time. -
The Federal Reserve Act
the 1803 and 1907 financial panic attacks, created the Federal Reserve System as the nation's central bank to regulate the flow of money and credit for economic stability and growth. -
In God We Trust
Paper money was first released with the inscription "In God We Trust" in 1957. The phrase can be seen on all bills made after 1963 -
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The History of Money
This is a journey through the American Dollar. -
Currency Redesign
The new $50 was the first to incorporate a low-vision feature, a large dark numeral on a light background on the lower right corner of the back, to help people with low vision identify the denomination. -
Redesign of $5 and $10 bills
Anti-counterfeiting measures include watermarks that can be seen under a light, security threads that glow when exposed to ultraviolet light and tiny printing that's visible with the help of a magnifying glass.
