-
Period: to
Money History
-
The Nation's First Bank
The Continental Congress established the Bank of North America. It gave financial support to the Americans during the Revolutionary War. -
The Dollar
The Continental Congress adopted the dollar as the nation's form of currency. -
The Second U.S. Bank
The Second Bank of the U.S. received a 20-year charter. -
The Civil War
On the brink of going bankrupt the U.S. Treasury issued paper money for the first time in the form of non-interest Treasury notes. -
The Design
The design of U.S. currency incorporated a Treasury seal, the fine-line engraving necessary for the difficult-to-counterfeit intaglio printing, intricate geometric lathe work patterns, and distinctive cotton and linen paper with embedded red and blue fibers. -
Gold Reserve Act
Any gold you had must be turned over to the United States government. Before this law was passed people feared that their money might become worthless so they gave it in, in exchange for gold. So the governement passed this law after President Franklin Roosevelt came out and said people needed to turn in their gold if they had over $100 of it. -
50 States 50 Quarters
Each state is making a quarter that is unique to its state and shows the history of that state. They will make 5 quarters every year for 50 years to make all 50 states quarter. They will be released in order of when they became apart of the United States. -
Redisgn of $5 and $10 bills
The U.S. Treasury made new $5 and $10 bills to make it more difficult to produce counterfeit. Larger bills had undergone changes in earlier years to stop counterfeiting bills.
