Changes Over Time

By papke
  • First Issue

    First Issue
    Massachusetts Bay Colony, issued the first paper money to cover costs of military expeditions, which this practice spread to other colonies.
  • Period: to


  • Printing Firm

    Printing Firm
    Franklin's printing firm in Philadelphia started printing colonial bills, with impressions from leaves, decreased counterfieting bills.
  • Ban on Money

    Ban on Money
    Britian ordered a complete ban on issuing paper money by the Colonies.
  • Revolutionary War

    Revolutionary War
    Continental Congress issued paper money to fund the War, but were easily conterfieted and quickly lost their value.
  • Bank of North America

    Bank of North America
    First National Bank was chartered in Philadelphia.
  • It's Official

    It's Official
    The US adopts the dollar as the official currency.
  • Bank

    Congress chartered the bank of the US for 20-yr period and fell then in 1811 and knew that they needed a bank to perform the nation’s financial needs.
  • Coinage Act

    Coinage Act
    Coinage Act, established the federal money system. Set value of each coin is gold, silver and copper.
  • Greenbacks

    First circulation of paper money to fund the Civil War. Called the Greenbacks because of their color. Nicknamed "Greenbacks" for their color
  • Control of Counterfeit

    Control of Counterfeit
    The U.S. founded the bureau of Treasury to control counterfeit money.
  • Engraving and Printing

    Engraving and Printing
    Treasury's Bureau of Engraving and Printing began printing all United States currency.
  • Federal Reserve Act

    Federal Reserve Act
    Created as the nation's central bank. More responsive to the changing financial needs of the country. Issued new currency called the Federal Reserve Notes.
  • Design

    Change in all paper money, reduction in size and manufacturing cost. Decreasing the number of designs in circulation
  • Black Thursday

    Black Thursday
    Stock market CRASHED. Money was consolidated into the private bankers hands at our expense.
  • Great Depression

    Great Depression
    The Great Depression Began
  • In God We Trust

    In God We Trust
    Required by law since 1955, U.S. money will have the motto "In God We Trust," printed on it.
  • Change

    First BIG change in 67 years to reduce being counterfieted. Bureau of Engraving and Printing would print new designs every7-10 years to stay ahead of counterfieting
  • Integration

    Protecting the dollar is done by homeland security and U.S. Secret Service is integrated into the Department of Homeland Security
  • New $50

    New $50
    Has fine background colors with highlights from historic symbols.
  • The Deal

    The Deal
    Five of the biggest investment banks met with the SEC to allow voluntary exchange of themselves, AKA banks leverage ratio.
  • Crash Again

    Crash Again
    Worst crash since the Great Depression. Effected people around the world, millions lost their homes, jobs, and retirement funds. Small banks were grouped with bigger ones and the biggest ones then lost competition.