Currency Timeline

Timeline created by kimmer in Business

Timeline Text view

Event Date:	Event Title:	Event Description:
01/01/1650	Colonial Coins	Some coins were minted in America at this time, but most money was foreign.
04/01/1792	Post - Revolutionary Money	After the Revolutionary war, the US decided to replace the colonial coins with American coins.
09/13/1794	US Mint	The US mint began minting coins in 1794, but many foreign coins remained in circulation until the 1830's.
01/01/1861	Paper Money	Paper money started to be mass printed, before that the only paper money was from two chartered banks.
01/01/1864	National Banking Act	Made standards for currency, also taxed state bank notes. Lots of banks went out of buisness.
01/01/1913	Federal Reserve Act	Establishment of current banking system in America
09/13/1914	WW1 and Changing Ideas	Before the war, paper currency meant the money that the government printed, After the war, currency took on the broader sense that it is known as today.
09/13/1928	Paper Money Portraits	Since 1928, the portraits on paper money have been the same.
09/13/1996	Dollar Bill Counterfit Protection	In 1996, design changes were made to the dollar bill in order to stop counterfitting.
01/01/1998	Commemorative Quarters	For 10 years, the US issued quarters commemerating each of the 50 states in order of their addition to the US.
01/01/2006	Penny Debate	the US had a debate on wether the penny needed to continue being minted, it costs more to make a penny than it is worth.