-
Aug 1, 1535
Wampum
The Wampum is a string of beads made of shells. They are mainly white, which is what Wampum means. -
Spanish Milled Dollar
The most common coin that cirulated in the American Colonies and was used in the US all the way into the 1800s -
1780 Eight Dollar Note
Similar to the 1690 bill of credit. It is used as the Spanish Milled Dollar. -
The Bank of North America
Heavily in debt, Robert Morris decided to set up a Bank of England style bank in the US. -
First National Bank
First Bank of the United States (BUS) it was named that to take attention away from the real first bank which had been shut down. -
Gold Standard
The money was connected to the amount (in ounces) of gold. That helped to stop the inflation of money. The US started using the Gold Standard in 1900 -
Greenbacks
on July 17th, 1861, the Treasury Department was allowed to print and circulate paper money, which was nicknamed, “Greenbacks.” -
The Return of the Gold Standard
The American congress passed Contradiction Act allowing the return of the Gold Standard -
1878 $20 United States Note
The old $20 from 1878. -
Silver Certificate 1886
The Silver Certificate of 1886 worth 5 dollars in silver. On it is Ulysses S. Grant, 18th President of the United States from 1869-1873. This is the first time they had "In God We Trust" on it. -
1918 $2 Federal Reserve Bank Note
Also known as "The Battleship" the 1918 $2 bill. -
Stock Market Crash
On October 24th, 1929, the United States stock market crashed, starting a massive recession. -
1930 End of the Gold Standard
The massive depression is what ended the Gold Standard -
$10,000 Federal Reserve Note 1934
This is a picture of the $10,000 dollar bill that is no longer made but has a picture of Salmon Chase on it. -
1934 $5 Silver Certificate
The $5 Silver Certificate from 1934 sporting Abraham Lincoln on it. -
1934 A $500 Federal Reserve Note
This is the 1934 $500 Federal Reserve Note. It bears a portrait of William McKinley on it. -
US Switches to Fiat Money
In 1971 the United States indefinitely switched to fiat money. Fiat money is money that is not backed by anything. -
Money Supply
The US money was added up and totalled out to be $1,333 billion. -
Financial Crisis
In 2008, the United States had a terrible financial crisis almost causing another great depression. -
Ben Brananke
Ben Brananke, the chairman of the Federal Reserve, was a hero and helped to bailout AIG in January 2010
