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From 9000 BC to 6000 BC people used bartering. Bartering was the exchange of personal possessions of value for other goods that you want.
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The silver coins were used as the earliest coins. They were imprinted with gods and emperors.
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Potlach is the exchange of gifts at banquets, dances, and various rituals.
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It was created in Boston and is the first mint made in English America.
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Paper money was first introduced to Sweden in 1661.
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The Spanish milled dollar was the most popular coin in the American Colonies.
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There is an interest rate on the lower left of this bill, so it is technically a bond or promissory note.
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First Bank of the United States. It was to take away attention from the first bank that got shut down.
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This established the coinage system in the United States.
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England made gold a benchmark of value.
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The Treasury Department was allowed to print and circulate paper money.
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It is worth $5 of silver and in the late 1800's the U.S government started issuing these.
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In 1929, the stock market crashed causing America to go into a recession.
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Fiat money is not backed by anything and in 1967 US Congress agreed to stop redeeming silver certificates in silver dollars.
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Money laundering has been criminalized in the United States since the Money Laundering Control Act of 1986
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A new $20 bill was released with a lighter background shading in green and yellow with more intricate designs so it would be harder to make counterfeit.
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Insurance company's faliures caused a financial crisis.
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He is the chairman of the Federal Reserve and helped bail out the AIG crisis.
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A protest movement in Zuccotti Park in NYC about economic inequality.
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China used the first paper money. The amount of money increased greatly causing inflation.
