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The History Of U.S. Dollar
- Added: May, 12th 2011
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- Name: etta
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- THE HISTORY OF U.S. DOLLAR Made by: I ana Potrîmba & Crivcea n schi Valeriu
- From Thalers to Dollars
- English Thaler;
- The Scandinavia Daler;
- The United States Dollar.
- Main periods of the United States Dollar
- Coinage period ? bimetallism
- From 1792 to 1873 dollar was freely backed by both gold and silver at a ratio of 15:1
- Therefore, in 1834, the 15:1 ratio was changed to a 16:1 ratio.
- 2.Gold standard
- gold the sole legal-tender coinage
- Under the post- World War ll Bretton Woods system , all other currencies were valued in terms of U.S. dollars and were thus indirectly linked to the gold standard. ( Currencies ? Dollars ? Gold )
- Enough gold for the entire world?
- 3.Fiat Money
- In 1963 the words "WILL PAY TO THE BEARER ON DEMAND" were removed from all newly issued Federal Reserve notes . (IN SILVER PAYABLE TO THE BEARER ON DEMAND)
- Value of the U.S. dollar
- One Dollar Bill today
- ANNUIT COEPTIS, means,
- ‘ God has favored our undertaking.’
- The Latin below the pyramid, NOVUS ORDO SECLORUM, means,
- ‘ a new order has begun.’
- At the base of the pyramid is the Roman Numeral for 1776. (MDCCLXXVI)
- The Bald Eagle was selected as a symbol for victory for two reasons:
- First, he is not afraid of a storm; he is strong, and he is smart enough to soar above it.
- Secondly, he wears no material crown. We had just broken from the King of England.
- They say that the number 13 is an unlucky number…
- -13 original colonies - 13 letters in ‘ E Pluribus Unum ’
- - 13 bars on that shield - 13 steps on the Pyramid
- - 13 stripes on the flag - 13 leaves on the olive branch
- - 13 letters in ‘Annuit Coeptis ’ - 13 fruits
- - 13 signers of the Declaration - 13 stars above the Eagle
- of Independence - 13 arrows.
- Interesting facts Woodrow Wilson $100,000 Salmon P. Chase $10,000 James Madison $5,000 Grover Cleveland $1,000 William McKinley $500 Benjamin Franklin $100 Ulysses S. Grant $50 Andrew Jackson $20 Alexander Hamilton $10 Abraham Lincoln $5 Thomas Jefferson $2 George Washington $1 President Denomination of Bill
- Did You Know…
- That the $500 , $1000 , $5000 and $10,000 bills have not been printed since 1 946?
- That i t costs only 4.1 cents to make a $1 bill . It costs the same thing to make a $100 bill ?
- That if we laid each current U.S. bill printed side by side they would stretch around the earth's equator about 24 times ?
- That to have your picture on a bill, you must be known for something you have done for USA and you must be deceased? =D
- New words
- Minted
- Anglicized
- Endorse
- Intrinsic
- Revoke
- Suspend
- Redemption
- Seal (n)
- Beak (n)
- capstone
- Questions
- 1.What interesting facts did you remember about the U.S dollar?
- 2. In accordance with what the value of dollar went down so dramatically?
- 3. How did the word “dollar” evolve?
- 4. What can you tell about the symbols on the dollar?
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