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Before and just after the Revolution, Americans were using English, French, and Spanish currency. The Massachusetts Bay Colony issued the first paper money in the colonies that would later form the United States.
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The Continentals were printed as the first type of paper money in order to finance the American Revolution. They led to inflation because too many were printed and distrubuted.
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This was the nations first "real" bank, mostly to give support to the revolutionary war.
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Was congress' first use of its constitutional power regarding coinage and money. This established the coinage system of the United States, and the dollar as the official U.S. currency.
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The first coin in the united states was issued, it was the silver dollar.
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Second National Bank was not renewed after 20 years.
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Banks issued new notes that people could redeem for gold.
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The first United States paper money was issued. The had $5, $10, and $20 bills.
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During the Civil War this act was passed and provided for nationally chartered banks, whose circulating notes had to be backed by U.S. government securities. An amendment to the act required taxation on state bank notes but not national bank notes. This created a uniform currency for the nation.
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By the end of the civil war, about 33% of money was counterfeit. On this day the secret service was created as part of the Department of Treasury to help surpress counterfeit currency.
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The U.S. Secret Service was established to stop counterfeiting.
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Woodrow Wilson signed the Federal Reserve Act into law.
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The Stock Market crashed, launching the nation into a depression.
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Established the Federal Deposit Insurace Corp. (FDIC).
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Allowed banks to settle accounts and exchange checks.
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"In God We Trust" had to be printed on all currency, by law.
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The note now has blue and red colors, an American flag, and a silver-blue metallic star.
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Has orange, yellow, and red colors, the torch of the Statue of Liberty, and "We the People."
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There are too new security features to stop counterfeiting, such as the 3D Security Ribbon and the Bell in the Inkwell.
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Different colors are used to print the note: blue, peach, and green.
