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Some coins were minted in America at this time, but most money was foreign.
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After the Revolutionary war, the US decided to replace the colonial coins with American coins.
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The US mint began minting coins in 1794, but many foreign coins remained in circulation until the 1830's.
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Paper money started to be mass printed, before that the only paper money was from two chartered banks.
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Made standards for currency, also taxed state bank notes. Lots of banks went out of buisness.
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Establishment of current banking system in America
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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.
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Since 1928, the portraits on paper money have been the same.
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In 1996, design changes were made to the dollar bill in order to stop counterfitting.
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For 10 years, the US issued quarters commemerating each of the 50 states in order of their addition to the US.
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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.
