U.S. Money Timeline

By gw19113
  • Colonial notes

    Colonial notes

    Colonies in Massachusetts started issuing currency for military expeditions.
  • Continental Currency

    Continental Currency

    Continental congress issues currency to finance the revolution. This money was instantly worthless due to no backing and counterfeiting.
  • Dollar Sign Created

    Dollar Sign Created

    The united states dollar sign ($) was created by combining the letters u and s for united states then removing the bottom of the u making it an s with 2 lines through it.
  • National Bank established

    National Bank established

    Alexander Hamilton creates the national bank to regulate money in the us.
  • Demand notes issued

    Demand notes issued

    This is when demand notes known as "greenbacks" were printed.
  • George Washington on $1 bill

    George Washington on $1 bill

    This was the first time George Washington was featured on the $1 bill.
  • Treasury notes

    Treasury notes

    Treasury notes begin to be created by the treasury that have no real world connection to gold or silver.
  • Federal Reserve created

    Federal Reserve created

    President Woodrow Wilson signed into effect a document that created the federal reserve as the national bank which started printing federal reserve notes.
  • $500, $1000, $5000, and $10000 bills issued

    $500, $1000, $5000, and $10000 bills issued

    Federal reserve starts printing 500 1000 5000 and 10000$ bills for bank transfers and normal use.
  • Serial numbers added.

    Serial numbers added.

  • credit card invented

    credit card invented

    The first credit card known as the Diners Club Card is introduced.
  • united states notes discontinued

    united states notes discontinued

    United states notes were discontinued leaving only federal reserve notes.
  • Cryptocurrency Introduced

    Cryptocurrency Introduced

    This is when bitcoin was created using a blockchain security system to transfer money securely.
  • $100 bill redesign

    $100 bill redesign

    More security features were added to the most valuable bill such as holographic printing.