The united states dollar

1. The United States Dollar

2.

• The currency of the
United States can be
traced back to 1690
before the birth of the
country when the
region was still a
patchwork of colonies.
The Massachusetts Bay
Colony used paper
notes to finance military
expeditions. After the
introduction of paper
currency in
Massachusetts, the
other colonies quickly
followed.

3.

• 1775 - American
colonists issued
paper currency for
the Continental
Congress to finance
the Revolutionary
War. The notes were
backed by the
"anticipation" of tax
revenues. Without
solid backing and
easily counterfeited,
the notes quickly
became devalued,
giving rise to the
phrase "not worth a
continental."

4.

• 1781 - To support the Revolutionary
War, the Continental Congress
chartered the Bank of North America in
Philadelphia as the nation's first "real"
bank.

5.

• 1791 - After adoption of the Constitution in
1789, Congress chartered the first Bank of
the United States until 1811 and authorized
it to issue paper bank notes to eliminate
confusion and simplify trade. The bank
served as the U.S. Treasury's fiscal agent,
thus performing the first central bank
functions.

6.

1861 - On the brink of bankruptcy and
pressed to finance the Civil War, Congress
authorized the United States Treasury to
issue paper money for the first time in the
form of non-interest bearing Treasury Notes
call Demand Notes.

7.

• 1877 - The Department of the
Treasury's Bureau of Engraving
and Printing started printing all
U.S. currency.

8.

• 1913 - After the financial panics of 1893 and
1907, the Federal Reserve Act of 1913 was
passed. It created the Federal Reserve
System as the nation's central bank to
regulate the flow of money and credit for
economic stability and growth. The system
was authorized to issue Federal Reserve
Notes, now the only U.S. currency produced.

9.

• 1929 - Currency was reduced in size by
twenty-five percent and standardized
with uniform portraits on the faces and
emblems and monuments on the
backs.

10.

• 1990 - A security
thread and
microprinting
were introduced
in $50 and $100
notes to deter
counterfeiting by
technologically
advanced
copiers and
printers.

11. 1990 - A security thread and microprinting were introduced in $50 and $100 notes to deter counterfeiting by technologically

advanced copiers
and printers
.

12.

• Larger bills ($50, $100) can
last in circulation up to 8
years
• The average life of a dollar
bill is just 18 months
• The number 172 can be
seen on the back of the
U.S. $5 dollar bill in the
bushes at the base of the
Lincoln Memorial
• $20 bills last in circulation
for approximately 2 years
• $5 bills last in circulation
for around 15 months

13.

• On the $1 bill the Latin above
the pyramid, ANNUIT COEPTIS,
means "God has favored our
undertaking”
• The Latin below the pyramid on
the $1 bill, NOVUS ORDO
SECLORUM, means "a new
order for the ages”
• At the base of the pyramid on
the $1 bill you will find “1776” in
Roman Numerals
• On the $1 bill, you can see an
owl in the upper left-hand corner
of the "1" encased in the
"shield," while a spider is
hidden in the front upper righthand corner
• On the new $100 bill, the clock
tower of Independence Hall in
Philadelphia is shown with the
time set at 4:10. According to
the US Bureau of Engraving and
Printing, “there are no records
explaining why that particular
time was chosen”

14.

• If you had $10 billion and spent
$1 every second of every day, it
would take 317 years for you to
go broke
In 1963, the $2 bill and the
Federal Reserve Note were
changed by adding the motto
“IN GOD WE TRUST” to the
reverse and removing “WILL
PAY TO THE BEARER ON
DEMAND” from the front. Also,
the obligation on the Federal
Reserve Note was changed to its
current wording: “THIS NOTE IS
LEGAL TENDER FOR ALL
DEBTS PUBLIC AND PRIVATE”

15.

The number 13 (corresponding
to the 13 colonies) figures
prominently on the $1 bill.
The number of letters/digits in
1776 and its Roman Numeral
equivalent MDCCLXXVI (9)
adds up to 13
The dollar has 13 stars above the
eagle
There are 13 steps on the
Pyramid
There are 13 letters in ANNUIT
COEPTIS
E PLURIBUS UNUM contains
13 letters
There are 13 vertical bars on the
shield
The top of the shield has 13
horizontal stripes
You can count 13 leaves on the
olive branch
There are 13 berries on the olive
branch
The dollar bill also features 13
arrows and 13 hats

16.

Why is a dollar
called a buck?
Before the days of
paper money,
Americans traded
animal skins,
including deer and
elk bucks, for goods
and services. Hence
the word “buck” to
describe money.

17.

Why are US notes green? No one is really sure. However, in
1929, when the Bureau of Engraving and Printing began making
smaller size currency, green was continued because pigment of
that color was readily available in large quantities. The color is
relatively high in its resistance to chemical and physical
changes, and green has now been psychologically identified
with the strong and stable credit of the US government.

18.

The origin of the dollar sign – $
– has various explanations. The
most widely accepted is that it
is the result of the evolution of
the Mexican or Spanish “PS”
symbol for pesos. This theory,
derived from a study of old
manuscripts, explains that the S
gradually came to be written
over the P, developing a close
equivalent to the $ mark. It was
widely used even before the
adoption of the United States
Dollar in 1785.