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American colonists issued paper currency for the Continental Congress to finance the Revolutionary War.
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American colonists issued paper currency for the Continental Congress to finance the Revolutionary war.
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The Continental Congress adopted the dollar as the unit for national currency.
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The Federal Monetary System was established with the creation of U.S. Mint in philadelphia
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The second bank of the U.S. was granted a 20-year charter
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On the brink of bankrupcy and pressed to finance the Civil War, Congress authorized the United States Treasury to issue paper money for the first time.
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Demand Notes were replaced by United States Notes.
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The design of U.S. currency incorporated a Treasury seal, the fine-line engraving necessary for the difficult-to-counterfeit intaglio printing.
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The U.S. Treasury introduced redesigned $5 and $10 to make counterfeiting more difficult.
