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The Start
The first paper money printed as currency in the United States were colonial notes. They were printed in Boston and used among the original 13 colonies. -
Continental Currency
The continental currency was printed and issued to finance the revolutionary war. -
Adoption of the dollar
Congress officially adopted the dollar as the official U.S. currency in the form of notes. -
First National Bank
The U.S. governement created the first national bank and authorized it to issue the dollar notes. This eliminated all the various other notes floating around the country as other forms of currency. -
Creation of coins
The first U.S. mint was created in Philadelphia. -
The first paper dollar
The first paper dollar issued as currency was called a green back refering to the green tint of the paper. -
The creation of the Fed
The Federal Reserve system was created to control and moniter the money supply in the United States, and to enact monetary policy actions to aid in econmic issues. The dollar printed by the Fed in this time is very similar to the dollar we see today. -
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The Great Depression
This was the worst economic downfall in U.S. history. Unemployment reached unseen levels to even todays standards. -
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Cosmetic changes to the dollar
from 1994 to 2000 the different denominations of the dollar underwent a change in design to help prevent counterfeiting. -
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The Great Recession
This was created by the collapse of the housing market bubble.