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Bend your US money trivia muscles

Started by fayewilson, 2012-09-03 10:43

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fayewilson

U.S. money is a driving motor in this nation's economy, but do know the hidden world at the rear of those printed bills? Here are a few United States money facts that are sure to amaze. Source of article:

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US currency fact No. 1 - No machines were used for Money at first



The U.S. government didn't start printing paper currency until 1861. Coins were the thing, and people started hording those during the Civil War. This quickly ate up all United States cash in circulation, forcing Congress to authorize the Treasury to start making paper cash. These "greenbacks" had green ink on one said, as well as a portrait of then-President Lincoln. Six people worked in the attic of the Treasury every single day, producing, sorting and sealing bills. By the time greenbacks hit circulation in 1862, they were hand-signed by the Treasurer.



US currency fact No. 2 - Cash with money phrases


Right now, you're definitely bored. Here's some currency fun you can have with a magnifying glass. Look into the lines that make up the images on a bill. They are not lines at all, actually, but the words "THE United States OF AMERICA," strung together repeatedly. On a $100 bill, the phrase appears 12 times, two which are easily discernible and 10 more around Benjamin Franklin's portrait oval. Comparable ovals appear on all U.S. bills, and the same phrase is used.



US currency fact No. 3 - Real U.S. cash amounts




In board games, you will sometimes find $100,000 bills. This is not just something made up for the game but something that really exists. The United States government produced the bills for transactions between the Federal Reserve and United States Treasury, but it is legal tender. When you have one, you might not want to lose it.



Every little thing higher than the $100 bill has been taken off the industry and is not in circulation anymore. The $100 bill is the largest thing that has been printed for 45 years.



US currency fact No. 4 - Do not forget about $1,000, $5,000 and $10,000 bills



After higher denomination bills were ended in 1969 due to declining use, what had been printed remained legal tender. As the bills reach Federal Reserve banks, they're pulled from circulation. However, not all larger bills have been accounted for in this way.



US currency fact No. 5 - Looking at the Spanish dollar



The Spanish dollar sign means strength and sovereignty, and it is the exact same one as we have now. A lot of people believe the sign comes from a U and an S put together, but it surely was adopted by the country. The U.S. government decided to make its basic unit of currency the Spanish dollar in 1782, leading to the new symbol.



See the background




http://www.youtube.com/watch?v=1FiaUpeJxcA



Sources



The Digerati Life


Federal Reserve Bank of Philadelphia


United States Secret Service


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