U.S. Money Timeline

By Logan Koester

  • Savings Bands

    Savings Bands
    Organization operated only for the benefit of its depositors.

  • Greenbacks

    Greenbacks
    First paper currency since the Constitution was adopted.

  • Gold Certificates

    Gold Certificates
    Denominations for public use that would settling differences with each other.

  • Silver Certificates

    Silver Certificates
    Silver dollars could back the silver certificates, which pleased the silver miners and the public.

  • Central Bank

    Central Bank
    Bank that can lend to other banks in times of need.

  • Federal Reserve Notes

    Federal Reserve Notes
    Paper currency issued by the Fed that eventually replaced all other types of federal currency.

  • Federal Deposit Insurance Corporation

    Federal Deposit Insurance Corporation
    Insure customer deposits in the event of a bank failure.

  • Savings and Loan Crisis

    Savings and Loan Crisis
    Too many bad loans with not enough capital to support it.