-
continental currency
Early American currency went through several stages of development in the colonial and post-Revolutionary history of the United States. Because few coins were minted in the thirteen colonies that became the United States in 1776, foreign coins like the Spanish dollar were widely circulated. Colonial governments sometimes issued paper money to facilitate economic activity. The British Parliament passed Currency Acts in 1751, 1764, and 1773 that regulated colonial paper money. -
creation of the dollar
Though several monetary systems were proposed for the early republic, the dollar was approved by Congress in a largely symbolic resolution on August 8, 1785. After passage of the Constitution was secured, the government turned its attention to monetary issues again in the early 1790s under the leadership of Alexander Hamilton, the secretary of the treasury at the time. -
first national bank
the First Bank of the United States, was a central bank, chartered for a term of twenty years, by the United States Congress on February 25, 1791. Establishment of the Bank was included in a three-part expansion of federal fiscal and monetary power (along with a federal mint and excise taxes) championed by Alexander Hamilton, first Secretary of the Treasury. -
creation of the us mint
When the framers of the U.S. Constitution created a new government for their untried Republic, they realized the critical need for a respected monetary system. Soon after the Constitution's ratification, Secretary of the Treasury Alexander Hamilton personally prepared plans for a national Mint. On April 2, 1792, Congress passed The Coinage Act, which created the Mint and authorized construction of a Mint building in the nation's capitol, Philadelphia. -
government bailout
As a consequence of the subprime mortgage crisis, a variety of government bailouts were implemented to stabilize the financial system during late 2007 and early 2008. Governments intervened in the United States and United Kingdom and several other Western European countries, such as Belgium, France, Germany, Ireland, Luxembourg, and the Netherlands. -
second national bank
Second Bank of the United States (BUS), served as the nation's federally authorized central bank[2] during its 20-year charter from February 1817[3] to January 1836.[4] -
civil war
From 1863 to 1865, the American union was broken as brother fought brother in a Civil War that remains a defining moment in our nation's history. Its causes and consequences, including the continuing struggle for civil rights for all Americans, reverberate to this day. -
national bank notes
National Bank Notes were United States currency banknotes issued by National banks chartered by the United States Government. The notes were usually backed by United States bonds the bank deposited with the United States Treasury -
gold standard
The gold standard is a monetary system in which the standard economic unit of account is a fixed weight of gold.
There are three distinct types of "gold standards". The gold specie standard is a system in which the monetary unit is associated with the value of circulating gold coins or has the value of a certain circulating gold coin along with other coins made of less valuable metal. -
colonial notes formed
By contrast, moderate, non-Separatist Puritans remained in England because they believed that they could still reform the church from the inside. In 1603, moderate Puritans in England hoped the new monarch, James I, would be sympathetic to their views, since he had been raised in Calvinist Scotland. -
currency redesign
American banknotes are in dire need of a redesign. Even though the green color of money is deeply interwoven into the nation’s culture, the need for color differentiation between denominations has forced the inclusion of color. -
federal reserve act
The Federal Reserve Act is an Act of Congress that created and set up the Federal Reserve System, the central banking system of the United States of America, and granted it the legal authority to issue Federal Reserve Notes (now commonly known as the U.S. Dollar) and Federal Reserve Bank Notes as legal tender. The Act was signed into law by President Woodrow Wilson. -
greenbacks
Greenback (money), a fiat currency issued during the American Civil War
United States Note
Demand Note, issued in 1861–62
A current (since 1914) United States Federal Reserve NoteGreenback Party, an American political party that was active between 1874 and 1884 which advocated non-gold-backed government currency, also known as the Greenback Labor Party -
stock market crash
On August 24, 1921, the Dow Jones Industrial Average stood at a value of 63.9. By September 3, 1929, it had risen more than sixfold, touching 381.2. It would not regain this level for another 25 years. By the summer of 1929, it was clear that the economy was contracting and the stock market went through a series of unsettling price declines. These declines fed investor anxiety and events soon came to a head on October 24 (known as Black Thursday) . -
fdic
The Federal Deposit Insurance Corporation (FDIC) is a United States government corporation operating as an independent agency created by the Banking Act of 1933. As of January 2013, it provides deposit insurance guaranteeing the safety of a depositor's accounts in member banks up to $250,000 for each deposit ownership category in each insured bank. -
50 state quarters program act
the 50 State Quarters ® Program was a U.S. Mint series of Quarter Dollar coins that honored each one of the 50 United States in the order in which they joined the Union. The Program began issuing coins in 1999 at the rate of five per year until the entire 50 coins had been released, with the final coin, Hawaii, coming out on November 3, 2008
