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United States Note
A United States Note, also known as a Legal Tender Note, is a type of paper money that was issued from 1862 to 1971 in the U.S. Having been current for 109 years, they were issued for longer than any other form of U.S. paper money. They were known popularly as "greenbacks", a name inherited from the earlier greenbacks, the Demand Notes, that they replaced in 1862. Often termed Legal Tender Notes, they were named United States Notes by the First Legal Tender Act, which authorized them as a form of fiat currency. During the early 1860s the so-called ''second obligation'' on the reverse of the notes stated: By the 1930s, this obligation would eventually be shortened to: They were originally issued directly into circulation by the U.S. Treasury to pay expenses incurred by the Union during the American Civil War. During the next century, the legislation governing these notes was modified many times and numerous versions were issued by the Treasury. United States Notes that ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Buffalo, New York
Buffalo is the second-largest city in the U.S. state of New York (behind only New York City) and the seat of Erie County. It is at the eastern end of Lake Erie, at the head of the Niagara River, and is across the Canadian border from Southern Ontario. With a population of 278,349 according to the 2020 census, Buffalo is the 78th-largest city in the United States. The city and nearby Niagara Falls together make up the two-county Buffalo–Niagara Falls Metropolitan Statistical Area (MSA), which had an estimated population of 1.1 million in 2020, making it the 49th largest MSA in the United States. Buffalo is in Western New York, which is the largest population and economic center between Boston and Cleveland. Before the 17th century, the region was inhabited by nomadic Paleo-Indians who were succeeded by the Neutral, Erie, and Iroquois nations. In the early 17th century, the French began to explore the region. In the 18th century, Iroquois land surrounding Buffalo C ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Thaddeus Stevens
Thaddeus Stevens (April 4, 1792August 11, 1868) was a member of the United States House of Representatives from Pennsylvania, one of the leaders of the Radical Republican faction of the Republican Party during the 1860s. A fierce opponent of slavery and discrimination against black Americans, Stevens sought to secure their rights during Reconstruction, leading the opposition to U.S. President Andrew Johnson. As chairman of the House Ways and Means Committee during the American Civil War, he played a leading role, focusing his attention on defeating the Confederacy, financing the war with new taxes and borrowing, crushing the power of slave owners, ending slavery, and securing equal rights for the freedmen. Stevens was born in rural Vermont, in poverty, and with a club foot, which left him with a permanent limp. He moved to Pennsylvania as a young man and quickly became a successful lawyer in Gettysburg. He interested himself in municipal affairs and then in politics. He was elec ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Large Denominations Of United States Currency
Large denominations of United States currency greater than were circulated by the United States Treasury until 1969. Since then, U.S. dollar banknotes have only been issued in seven denominations: $1, $2, $5, $10, $20, $50, and $100. Overview and history Large-denomination currency (i.e., banknotes with a face value of or higher) had been used in the United States since the late 18th century. The first note was issued by North Carolina, authorized by legislation dated May 10, 1780. Virginia quickly followed suit and authorized the printing of and notes on October 16, 1780 and notes on May 7, 1781. High-denomination treasury notes were issued, for example during the War of 1812 ($1,000 notes authorized by an act dated June 30, 1812). During the American Civil War Confederate currency included and notes. The earliest (1861) federal banknotes included high-denomination notes such as three-year interest-bearing notes of , , and , authorized by Congress on July 17, 18 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States One Hundred-dollar Bill
The United States one-hundred-dollar bill ($100) is a denomination of United States currency. The first United States Note with this value was issued in 1862 and the Federal Reserve Note version was launched in 1914, alongside other denominations. Statesman, inventor, diplomat, and American founding father Benjamin Franklin has been featured on the obverse of the bill since 1914. On the reverse of the banknote is an image of Independence Hall in Philadelphia, which has been used since 1928. The bill is the largest denomination that has been printed and circulated since July 13, 1969, when the larger denominations of , , , and were retired. As of December 2018, the average life of a bill in circulation is 22.9 years before it is replaced due to wear. The bills are also commonly referred to as "Bens", "Benjamins", or "Franklins", in reference to the use of Benjamin Franklin's portrait by the French painter Joseph Duplessis on the denomination, as "C-Notes" or "Century Note ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States Fifty-dollar Bill
The United States fifty-dollar bill ($50) is a denomination of United States currency. The 18th U.S. president (1869-1877), Ulysses S. Grant, is featured on the obverse, while the U.S. Capitol is featured on the reverse. All current-issue $50 bills are Federal Reserve Notes. As of December 2018, the average life of a $50 bill in circulation is 12.2 years before it is replaced due to wear. Approximately 3.5% of all notes printed in 2019 were $50 bills. They are delivered by Federal Reserve Banks in beige straps. Next to the United States two-dollar bill, the fifty-dollar bill has the lowest circulation of any U.S. denomination measured by volume, with 1.8 billion notes in circulation as of December 31, 2019. History Large size notes ''( 7.4218 × 3.125 in ≅ 189 × 79 mm)'' *1861: Three-year $50 Interest Bearing Notes were issued that paid a cent of interest per day, and thus 7.3% annually — the so-called seven-thirties. These notes were not primarily design ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States Twenty-dollar Bill
The United States twenty-dollar bill ($20) is a denomination of U.S. currency. A portrait of Andrew Jackson, the seventh U.S. president (1829–1837), has been featured on the obverse of the bill since 1928; the White House is featured on the reverse. As of December 2018, the average life of a $20 bill in circulation is 7.8 years before it is replaced due to wear. About 11% of all notes printed in 2009 were $20 bills. Twenty-dollar bills are delivered by Federal Reserve Banks in violet straps. History Large-sized notes * The back is printed green. * The back is different, with several small variations extant. * The reverse has a $20 gold coin and various abstract elements. The back is orange. * * The back design is green. * * The back design is black. * The back is orange and features an eagle. * The front is similar, but the back is different and printed in brown. * * Two different backs exist both with abstract designs. * The front features Hugh McCulloch, and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States Ten-dollar Bill
The United States ten-dollar bill ($10) is a denomination of U.S. currency. The obverse of the bill features the portrait of Alexander Hamilton, who served as the first U.S. Secretary of the Treasury. The reverse features the U.S. Treasury Building. All $10 bills issued today are Federal Reserve Notes. As of December 2018, the average life of a $10 bill in circulation is 5.3 years before it is replaced due to wear. Ten-dollar bills are delivered by Federal Reserve Banks in yellow straps. The source of the portrait on the $10 bill is John Trumbull's 1805 painting of Hamilton that belongs to the portrait collection of New York City Hall. The $10 bill is unique in that it is the only denomination in circulation in which the portrait faces to the left. It also features one of two non-presidents on currently issued U.S. bills, the other being Benjamin Franklin on the $100 bill. Hamilton is also the only person not born in the continental United States or British America (he was f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States Five-dollar Bill
The United States five-dollar bill ($5) is a denomination of United States currency. The current $5 bill features a portrait of Abraham Lincoln, the 16th U.S. president (1861-1865), on the front and the Lincoln Memorial on the back. All $5 bills issued today are Federal Reserve Notes. The $5 bill is sometimes nicknamed a "fin". The term has German/Yiddish roots and is remotely related to the English "five", but it is far less common today than it was in the late 19th and early 20th centuries. , the average life of a $5 bill in circulation is 4.7 years before it is replaced due to wear. Approximately 6% of all paper currency produced by the U.S. Treasury's Bureau of Engraving and Printing in 2009 were $5 bills. Current design The redesigned $5 bill was unveiled on September 20, 2007, and was issued on March 13, 2008 during a ceremony at President Lincoln's Cottage. Security Features New and enhanced security features make it easier to check the new $5 bill and more difficu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Legal Tender
Legal tender is a form of money that courts of law are required to recognize as satisfactory payment for any monetary debt. Each jurisdiction determines what is legal tender, but essentially it is anything which when offered ("tendered") in payment of a debt extinguishes the debt. There is no obligation on the creditor to accept the tendered payment, but the act of tendering the payment in legal tender discharges the debt. Some jurisdictions allow contract law to overrule the status of legal tender, allowing (for example) merchants to specify that they will not accept cash payments. Coins and banknotes are usually defined as legal tender in many countries, but personal cheques, credit cards, and similar non-cash methods of payment are usually not. Some jurisdictions may include a specific foreign currency as legal tender, at times as its exclusive legal tender or concurrently with its domestic currency. Some jurisdictions may forbid or restrict payment made by other than ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
First Legal Tender Act
Legal tender is a form of money that courts of law are required to recognize as satisfactory payment for any monetary debt. Each jurisdiction determines what is legal tender, but essentially it is anything which when offered ("tendered") in payment of a debt extinguishes the debt. There is no obligation on the creditor to accept the tendered payment, but the act of tendering the payment in legal tender discharges the debt. Some jurisdictions allow contract law to overrule the status of legal tender, allowing (for example) merchants to specify that they will not accept cash payments. Coins and banknotes are usually defined as legal tender in many countries, but personal cheques, credit cards, and similar non-cash methods of payment are usually not. Some jurisdictions may include a specific foreign currency as legal tender, at times as its exclusive legal tender or concurrently with its domestic currency. Some jurisdictions may forbid or restrict payment made by other than legal ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
