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Creation of the U.S. 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. This was the first federal building erected -
In God We Trust
Adopted as the official motto of the United States in 1956 as an alternative or replacement to the unofficial motto of E pluribus unum, adopted when the Great Seal of the United States was created and adopted in 1782 -
Creation of the Dollar
The first one-dollar bill was issued as a Legal Tender Note (United States Note) with a portrait of Salmon P. Chase, the Secretary of the Treasury under President Abraham Lincoln -
Greenbacks
Paper currency that was issued by the United States during the American Civil War. There are at least two types of notes that were called greenback United States Note and Demand Note. -
Federal Reserve Act
The 1913 U.S. legislation that created the current Federal Reserve System. The Federal Reserve Act intended to establish a form of economic stability through the introduction of the Central Bank, which would be in charge of monetary policy, into the United States. The Federal Reserve Act is perhaps one of the most influential laws concerning the U.S. financial system. -
Standardize Design
Currency was reduced in size by 25 percent, and a consistent design was introduced with uniform portraits on the front and emblems and monuments on the back. -
Stock Market Crash
Stock Market Crash of 1929, began in late October 1929 and was the most devastating stock market crash in the history of the United States, when taking into consideration the full extent and duration of its fallout.The crash signaled the beginning of the 10-year Great Depression that affected all Western industrialized countries[ -
Gold Standard
The gold specie standard arose spontaneously from the widespread voluntary acceptance of gold as currency. Ended in 1933 but between 1933 all the way back to 643 B.C. gold and gold coins were made and used as money. -
First National Bank
first national bank and used widley across the U.S. -
50 State Quarters Act
The 50 State Quarters Program Act began in 1999 and ran through 2008, with five new quarters released every year. The quarters were released in the order that the states joined the union. Each quarter features a different state design on the back.
