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The Continental Congress made the first bank in Philadelphia to give further financial support to the Revolutionary War.
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The Continental Congress adopted the dollar as the unit for national currency to replace the bank note.
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The first US Mint was created in Philadelphia. The first American coins were struck in 1793.
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The second US bank was created in Philadelphia as well and was granted a 20-year charter.
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Paper money printed out of state banks. Each state or bank has different colors and designs.
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On the brink of bankruptcy and pressed to finance the Civil War, Congress authorized the United States Treasury to issue paper money for the first time in the form of non-interest bearing Treasury Notes called Demand Notes.
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Demand Notes were replaced by United States Notes. Called greenbacks because of the green tint introduced to discourage photographic counterfeiting, they were last issued in 1971.
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National Bank Notes, backed by U.S. government securities, became predominant. 75 percent of bank deposits were held by nationally chartered banks.
