History of U.S. Money

By biggssab

  • First Currency

    First Currency
    Americans used English, Spanish, and French.

  • U.S. Mint

    U.S. Mint
    The Federal Monetary System was established with the creation of the U.S. Mint in Philadelphia . First coins were struck in 1793.

  • Growth of Banking

    Growth of Banking
    100 state banks in the U.S.

  • Demand Notes

    Demand Notes
    Congress authorized the printing of $60 million demand notes

  • Civil War

    Civil War
    Almost bankrupt, Congress had to fund the Civil War, they put paper money in cerculation, to replace the interest bearing Treasury Notes and Demand Notes.

  • Gold Certificates

    Gold Certificates
    The government issued gold certificates (paper currency backed by gold with the U.S. Treasury).

  • Design

    Design
    U.S. currency uses Treasury seal, geometric patterns, and cotton linen paper with blue and red fibers

  • Bureau of Engraving and Printing

    Bureau of Engraving and Printing
    Department of the Treasury's Bureau of Engraving and Printing starting printing all currency.