History of Money

By TChristian

  • Colonial Notes

    Colonial Notes
    When the United States was still in their beginning stages of becoming a nation,the Massachusetts Bay Colony issued out the first paper money to the colonies which would later on form the United States.

  • Currency Act

    Currency Act
    These new laws prohibited the American Colonies from paying their trade deficit to Great Britain in paper currency and forbade them from printing it at all.

  • Continental Currency

    Continental Currency
    The colonies, with little other choice, in May of 1775 assembled the Continental Congress and authorized the creation of Continental notes referred to as "Continentals." Because of easy counterfeiting the money became less of value and adopted the phrase “not worth a Continental.”

  • The Dollar

    The Dollar
    The dollar was chosen as a unit of currency byt the Continental Congress

  • The Civil War

    The Civil War
    For the first time, being at the edge of bankruptcy,the United States was allowed the go ahead to issue paper money without interest earing Treasury notes called Demand Notes.

  • National Bank Notes

    National Bank Notes
    By this time, 75% of bank deposits were held by nationally chartered banks. As the State Bank Notes began to be replaced, the value of money remained stable for some time.

  • The Federal Reserve Act

    The Federal Reserve Act
    the 1803 and 1907 financial panic attacks, created the Federal Reserve System as the nation's central bank to regulate the flow of money and credit for economic stability and growth.

  • In God We Trust

    In God We Trust
    Paper money was first released with the inscription "In God We Trust" in 1957. The phrase can be seen on all bills made after 1963
  • Period: to

    The History of Money

    This is a journey through the American Dollar.

  • Currency Redesign

    Currency Redesign
    The new $50 was the first to incorporate a low-vision feature, a large dark numeral on a light background on the lower right corner of the back, to help people with low vision identify the denomination.

  • Redesign of $5 and $10 bills

    Redesign of $5 and $10 bills
    Anti-counterfeiting measures include watermarks that can be seen under a light, security threads that glow when exposed to ultraviolet light and tiny printing that's visible with the help of a magnifying glass.