-
The Wampum is a string of beads made of shells. They are mainly white, which is what Wampum means.
-
The most common coin that cirulated in the American Colonies and was used in the US all the way into the 1800s
-
Similar to the 1690 bill of credit. It is used as the Spanish Milled Dollar.
-
Heavily in debt, Robert Morris decided to set up a Bank of England style bank in the US.
-
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.
-
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
-
on July 17th, 1861, the Treasury Department was allowed to print and circulate paper money, which was nicknamed, “Greenbacks.”
-
The American congress passed Contradiction Act allowing the return of the Gold Standard
-
The old $20 from 1878.
-
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.
-
Also known as "The Battleship" the 1918 $2 bill.
-
On October 24th, 1929, the United States stock market crashed, starting a massive recession.
-
The massive depression is what ended the Gold Standard
-
This is a picture of the $10,000 dollar bill that is no longer made but has a picture of Salmon Chase on it.
-
The $5 Silver Certificate from 1934 sporting Abraham Lincoln on it.
-
This is the 1934 $500 Federal Reserve Note. It bears a portrait of William McKinley on it.
-
In 1971 the United States indefinitely switched to fiat money. Fiat money is money that is not backed by anything.
-
The US money was added up and totalled out to be $1,333 billion.
-
In 2008, the United States had a terrible financial crisis almost causing another great depression.
-
Ben Brananke, the chairman of the Federal Reserve, was a hero and helped to bailout AIG in January 2010
