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Massachusetts Bay Colony
The Massachusetts Bay Colony establishes the first paper currency of the colonies to fund military endeavors. -
No Counterfeiting
Benjamin Franklin's printing firm in Philidelphia prints colonial bills with unique "nature" prints to prevent counterfeiting. -
Continental Currency
Congress releases "Continental Currency" to fund the revolutionary war. (Backed up by the trust of tax revenues). No solid backing and counterfeiting created the phrase, "Not worth a continental". -
The First National Bank Of North America
The U.S created the First National Bank of North America in Philadelphia to fund the Revolutionary War. -
The Dollar
In 1785, Congress officially approves the use of "dollars" as the monetary unit of currency in the United States. -
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The First National Bank
Congress charted the First National Bank Of The United States in 1791, which lasted until 1811, when Congress did not renew the charter. -
The U.S Mint
The Coinage Act of 1792 created the U.S Mint and established a monetary system, which:
-Determined demoninations for coins
-Specified the value of coins/money in gold, silver, or copper -
Greenbacks
The first paper money of the United States came into circulation to finance the Civil War. They were named "Greenbacks" for their color. -
The National Banking System
In 1863 congress established the First National Banking System. -
Bureau Of Engraving And Printing
The Bureau Of Engraving And Printing began printing U.S currency. -
Federal Reserve Act
The Federal Reserve Act established the Federal Reserve System, (U.S central bank, which adjusted easier to a fluctuating market) and released Federal Reserve Notes. -
First $10 Reserve Notes
In 1914, the first U.S $10 reserve Notes came into circulation, (large) and proudly displayed President Andrew Jackson. -
Security Designs
In 1990, security threads and microprinting were introduced to bills to prevent counterfeiting, which first started on series 1990 $100 U.S bills. -
Currency Redesign
The U.S currency was redesigned to include new security designs on a new series of bills. -
Secret Service
In 2003 the U.S department of Homeland Security issues the Secret Service to monitor and handle counterfeiting. -
Redesigned $50 Bill
In 2004, the $50 bill is redesigned, (for further security) with new colors. -
Redesigned $10 Bills
On March 2, 2006, the $10 bill is redesigned, with a change in the Treasurer's signature, as well as colors. -
Redesigned $5 Bill
On June 29, 2006, the $5 Bill was announced to be redesigned to enhance security. -
Redesigned $5 Bill ISSUED
The redesigned 2006 $5 Bill was first issued. -
Newly Redesigned $100 Bill
Enhanced with new security features, it retains a somewhat
traditional look. -
