Detailed History of the Federal Reserve Notes, Part 1

Поделиться
HTML-код
  • Опубликовано: 19 ноя 2024

Комментарии • 4

  • @yackaquacker7992
    @yackaquacker7992 Месяц назад

    lol you are missing the 10000 dollar note lol

  • @susancooper7701
    @susancooper7701 2 месяца назад

    What are United States NOTE? Not Federal Reserve ---

    • @InterestingCoins
      @InterestingCoins  2 месяца назад

      United States Notes go back to the Civil War era in which the North needed to raise money to pay for the war effort, so congress created a new currency that was not specifically backed by anything, other than faith in the government (similar to Federal Reserve Notes today, but their money supply is controlled by Congress rather than by banks, as are now the Federal Reserve Notes. The United States Notes (sometimes called Legal Tender Notes, though some other old-time banknotes were also called that) were variously expanded and contracted, but ultimately fixed at a total dollar value in circulation of $346,681,016.00 in 1878, while other forms of money expanded and were created to add to the American money supply. When American banknotes went to the smaller size (that in use today) on July 10, 1929, all United States Notes were distinguished by their red treasury seals and serial numbers while Federal Reserve Notes were distinguished by their green (or brown, in the case of Hawaii during WWII) treasury seals and serial numbers. In 1971 the very last of the United States Notes were released, and subsequently all remaining such notes (other than those held by collectors) were all destroyed. You can see some of them here: ruclips.net/video/B-UH1kQvLpQ/видео.html

    • @susancooper7701
      @susancooper7701 2 месяца назад

      @@InterestingCoins THANK YOU! I had never seen any before or realize that they were different than Fed Reserve Notes. $ were $.