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Continental Currency
An emission totaling $4,000,000 payable in Spanish milled dollars, or the equivalent in gold or silver, was authorized by the Continental Congress resolution of February 10, 1776. Of this $1,000,000 was reserved for the first national fractional currency. The front design on the fractional notes includes the first use of the "FUGIO" (I fly) legend and sundial as well as the "Mind your Business" legend. -
Creation of the Dollar
The western of the pyramid on the dollar is shaded. During the Second Continental Congress, the delegates commissioned a seven man committee -- which included Benjamin Franklin -- to come up with a national seal, emblem and motto. -
50 State Quarters Program Act
Caesar Rodney's horseback ride -
50 State Quarters Program Act
Commonwealth statue, keystone, and outline of state -
50 Quarters Program Act
Washington crossing the Delaware River -
50 State Quarters Program Act
Peach, Live Oak, and outline of state -
50 State Quarters Program Act
The Charter Oak -
Creation of the US Mint
When the framers of the U.S. Constitution created a new government for their untried Republic, they realized the critical need for a respected monetary system. Soon after the Constitution's ratification, Secretary of the Treasury Alexander Hamilton personally prepared plans for a national Mint. On April 2, 1792, Congress passed The Coinage Act, which created the Mint and authorized construction of a Mint building in the nation's capitol, Philadelphia. This was the first federal building erected -
Civil War
The American Civil War, also known as the War between the States or simply the Civil War (see naming), was a civil war fought from 1861 to 1865 between the United States (the "Union" or the "North") and several Southern slave states that had declared their secession and formed the Confederate States of America (the "Confederacy" or the "South"). -
In God We Trust
Its our National Motto -
50 State Quarters Program act
The 50 State Quarters program was started to support a new generation of coin collectors,[2][3] and it became the most successful numismatic program in history, with roughly half of the U.S. population collecting the coins, either in a casual manner or as a serious pursuit.[4] The U.S. federal government so far has made additional profits of $3.0 billion from collectors taking the coins out of circulation.[5] -
Gold Standard
During the Civil War, the government issued legal tender paper money that was not redeemable in
gold or silver, effectively placing the country on a fiat paper system. In 1879, the country was
returned to a metallic standard; this time a single one: gold. Throughout the late 19th century,
there were efforts to remonetize silver. A quantity of silver money was issued; however, its
intrinsic value did not equal the face value of the money, nor was silver freely convertible into
money. In 1900, the -
Federal Reserve Act
The Federal Reserve Act (ch. 6, 38 Stat. 251, enacted December 23, 1913, 12 U.S.C. ch.3) is an Act of Congress that created and set up the Federal Reserve System, the central banking system of the United States of America, and granted it the legal authority to issue Federal Reserve Notes (now commonly known as the U.S. Dollar) and Federal Reserve Bank Notes as legal tender. The Act was signed into law by President Woodrow Wilson -
Stock Market Crash
By the inauguration of Franklin D. Roosevelt as president in March 1933, the banking system of the United States had largely ceased to function. Depositors had seen $140 billion disappear when their banks failed. Businesses could not get credit for inventory. Checks could not be used for payments because no one knew which checks were worthless and which were sound. -
Government Bailout
In May 1970, Penn Central Railroad, then on the verge of bankruptcy, appealed to the Federal Reserve for aid on the grounds that it provided crucial national defense transportation services.
