Medusa

6 Interesting Facts About The History Of American Money

<p style&equals;"text-align&colon; justify&semi;">If you have &dollar;10 in your pocket and no debts&comma; then you are richer than 25 percent of America&period; The first money printed in America was printed by private banks&comma; and the United States government did not start printing money until after the Civil War&period; Here are some other facts you may not know about American money throughout history&period;<&sol;p>&NewLine;<h2 style&equals;"text-align&colon; justify&semi;"><strong>Become Rich with a &dollar;100&comma;000 Note<&sol;strong><&sol;h2>&NewLine;<p style&equals;"text-align&colon; justify&semi;">The largest note ever printed in the United States was the &dollar;100&comma;000 note&period; It was printed for under a month from December 18&comma; 1934&comma; and January 9&comma; 1935&period; It bore the likeness of President Wilson on its front&period;<&sol;p>&NewLine;<h2 style&equals;"text-align&colon; justify&semi;"><strong>Get Wealthy with a &dollar;10&comma;000 Bill<&sol;strong><&sol;h2>&NewLine;<p style&equals;"text-align&colon; justify&semi;">While the &dollar;100&comma;000 note was the largest legal tender ever printed in the United States&comma; the largest denomination bill was worth &dollar;10&comma;000&period; This bill was printed from 1928 to 1934&period; It bore the likeness of Samuel P&period; Chase on its front in an effort to further his own political career as he was the United States Secretary of Treasury at that time&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;"><img class&equals;"aligncenter wp-image-17826 size-large" src&equals;"http&colon;&sol;&sol;thediscoveryblog&period;com&sol;wp-content&sol;uploads&sol;2018&sol;04&sol;6-Interesting-Facts-About-the-History-of-American-Money-1024x576&period;jpg" alt&equals;"6 Interesting Facts About The History Of American Money" width&equals;"650" height&equals;"366" &sol;><&sol;p>&NewLine;<h2 style&equals;"text-align&colon; justify&semi;"><strong>Throw Away Money<&sol;strong><&sol;h2>&NewLine;<p style&equals;"text-align&colon; justify&semi;">Paper money has a limited lifespan before the Federal Reserve destroys it&period; Most dollar bills only last six years on average&period; Five dollar bills have the shortest lifespan on average at just 4&period;9 years&period; On the other hand&comma; &dollar;100 bills last 15 years on average&period;<&sol;p>&NewLine;<h2 style&equals;"text-align&colon; justify&semi;"><strong>Burning Money<&sol;strong><&sol;h2>&NewLine;<p style&equals;"text-align&colon; justify&semi;">During World War II&comma; the Federal Reserve issued special money to people in Hawaii&period; The bills had the state’s name stamped on their back&period; Each person was allowed to keep &dollar;200 in regular currency while businesses could keep &dollar;500&period; Then&comma; if Japan was successful in their invasion&comma; the United States government could quickly make the specially printed money illegal&period;<&sol;p>&NewLine;<h2 style&equals;"text-align&colon; justify&semi;"><strong>Find a &dollar;5&comma;000 Bill &amp&semi; Possibly Go to Jail<&sol;strong><&sol;h2>&NewLine;<p style&equals;"text-align&colon; justify&semi;">Starting in 1918&comma; the United States government printed <a href&equals;"https&colon;&sol;&sol;www&period;investopedia&period;com&sol;slide-show&sol;past-us-currency-denominations&sol;">&dollar;5&comma;000 banknotes<&sol;a>&period; These bills feature a picture of James Madison on their front&period; The government continued printing them until 1969&comma; and President Nixon recalled all of them in that year for fear they were being used for money-laundering activities&period;<&sol;p>&NewLine;<h2 style&equals;"text-align&colon; justify&semi;"><strong>Collect United States Silver Money<&sol;strong><&sol;h2>&NewLine;<p style&equals;"text-align&colon; justify&semi;">The United States Mint has issued seven types of <a href&equals;"https&colon;&sol;&sol;rmcoin&period;com&sol;product-category&sol;bullion&sol;silver-coins&sol;">silver coins<&sol;a> that are at least 90 percent silver&period; They are the three cent pieces&comma; half dimes&comma; dimes&comma; twenty cent pieces&comma; quarters&comma; half dollars and dollars&period; The United States mint continues to make silver commemorative coins&comma; silver bullion coins and &dollar;1 American Silver Eagle coins&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">The United States has a very rich history of printing paper money starting in 1861&period; The government did&comma; however&comma; issue some treasury notes before that date&period; Collecting these bills and coins can be a fun hobby&period;<&sol;p>&NewLine;

Exit mobile version