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Before and after the revolution, Americans used English, Spanish and French currencies. The Massachusetts Bay Colony issued first paper money to colonies.
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Colonists issued paper currency for the Congress to finance the revolutionary war. The notes were not backed and they were easily counterfeited.
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The Congress declared Bank of North America in Philadelphia as the first real bank to give support to the war.
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Dollar adopted as a unit of national currency.
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On the brink of bankrupcy, Congress issued paper money in form of Demand Notes.
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Demand notes replaced by U.S. notes, called greenbucks because of the green tint.
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National bank notes became predominant.
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Department of Treasury authorized to issue silver certificates in exchange for silver dollars.
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Federal Reserve Act was passed. It created the Federal Reserve system to regulate the flow of money.
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First paper currency issued with the inscription In God We Trust.
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Microprinting and security thread to deter counterfeiting,
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Program releases five new quarters every year over ten years. 50 quarters feature designs that honor each state. Quarters released in order the states joined the Union.
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Bills redesigned to make counterfeit more difficult.
