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United States Note
A United States Note, also known as a Legal Tender Note, is a type of Banknote, paper money that was issued from 1862 to 1971 in the United States. Having been current for 109 years, they were issued for longer than any other form of U.S. paper money other than the currently issued Federal Reserve Note. They were known popularly as "greenbacks", a name inherited from the earlier Greenback (1860s money), 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 United States Department of the Treasury, U.S. Treasury to pay expenses incurred by the Union (American Civil War), Union during the American Civil War. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Treasury Note (19th Century)
A Treasury Note is a type of short term debt instrument issued by the United States prior to the creation of the Federal Reserve System in 1913. Without the alternatives offered by a federal paper money or a central bank, the U.S. government relied on these instruments for funding during periods of financial stress such as the War of 1812, the Panic of 1837, and the American Civil War. While the Treasury Notes, as issued, were neither legal tender nor representative money, some issues were used as money in lieu of an official federal paper money. However the motivation behind their issuance was always funding federal expenditures rather than the provision of a circulating medium. These notes typically were hand-signed, of large denomination (at least ), of large dimension (bigger than private banknotes), bore interest, were payable to the order of the owner (whose name was written on the front of the note), and matured in no more than three years – though some issues lacked ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Thaddeus Stevens
Thaddeus Stevens (April 4, 1792August 11, 1868) was an American politician and lawyer who served as a member of the United States House of Representatives from Pennsylvania, being one of the leaders of the Radical Republican faction of the History of the Republican Party (United States), Republican Party during the 1860s. A fierce opponent of Slavery in the United States, slavery and discrimination against black Americans, Stevens sought to secure their rights during Reconstruction era, 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 Confederate States of America, 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 per ... [...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 Department of the Treasury, United States Treasury until 1969. Since then, United States dollar, U.S. dollar Banknote, banknotes have been issued in seven Denomination (currency), denominations: United States one-dollar bill, $1, United States two-dollar bill, $2, United States five-dollar bill, $5, United States ten-dollar bill, $10, United States twenty-dollar bill, $20, United States fifty-dollar bill, $50, and United States one-hundred-dollar bill, $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 (19th Century), treasury ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States One Hundred-dollar Bill
The United States one-hundred-dollar bill (US$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 first produced in 1914. Inventor and U.S. Founding Father Benjamin Franklin has been featured on the obverse of the bill since 1914, which now also contains stylized images of the Declaration of Independence, a quill pen, the Syng inkwell, and the Liberty Bell. The reverse depicts Independence Hall in Philadelphia, which it has featured 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. 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 denomi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States Fifty-dollar Bill
The United States fifty-dollar bill (US$50) is a Denomination (currency), denomination of United States dollar, United States currency. The 18th President of the United States, U.S. president (1869-1877), Ulysses S. Grant, is featured on the obverse, while the United States Capitol, U.S. Capitol is featured on the Obverse and reverse, reverse. All current-issue $50 bills are Federal Reserve Notes. As of December 2018, the average life of a $50 bill in Circulation (currency), 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 we ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States Twenty-dollar Bill
The United States twenty-dollar bill (US$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. Jackson's portrait on the twenty-dollar bill has been noted as ironic, given his well-known opposition to the Second Bank of the United States and his broader resistance to central banking. As of December 2018, the average life of a $20 bill in circulation is 7.8 years before it is replaced due to wear. 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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States Ten-dollar Bill
The United States ten-dollar bill (US$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, two renditions of the torch of the Statue of Liberty (''Liberty Enlightening the World''), and the words "We the People" from the original engrossed preamble of the United States Constitution. 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 bound with yellow straps. The source of Hamilton's portrait on the $10 bill is John Trumbull's 1805 painting 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 n ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States Five-dollar Bill
The United States five-dollar bill (US$5) is a denomination of United States currency. The current $5 bill features U.S. president Abraham Lincoln and the coat of arms of United States on the front and the Lincoln Memorial on the back. All $5 bills issued today are Federal Reserve Notes. , 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. The note was formerly nicknamed a "fin", a term from Yiddish פֿינף (''finf''), פֿינעף (''finef''), meaning "five;" this term derived from underworld slang and originally referred to the British five-pound note. It was first recorded being used to refer to the American bill in 1925. It is also occasionally referred to as a “fiver”. Current design The redesigned $5 bill was unveiled on September 20, 2007, and was issued on March 13, 2008, during a ceremony at ... [...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 in court 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. It is generally only mandatory to recognize the payment of legal tender in the discharge of a monetary debt from a debtor to a creditor. Sellers offering to enter into contractual relationship, such as a contract for the sale of goods, do not need to accept legal tender and may instead contractually require payment using electronic methods, foreign currencies or any other legally recognized object of value. Coins and banknotes are usually defined as legal tender in many countries, but personal checks, credit cards, and similar non-cash methods o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Abraham Lincoln
Abraham Lincoln (February 12, 1809 – April 15, 1865) was the 16th president of the United States, serving from 1861 until Assassination of Abraham Lincoln, his assassination in 1865. He led the United States through the American Civil War, defeating the Confederate States of America and playing a major role in the End of slavery in the United States, abolition of slavery. Lincoln was born into poverty in Kentucky and raised on the American frontier, frontier. He was self-educated and became a lawyer, Illinois state Illinois House of Representatives, legislator, and U.S. representative. Angered by the Kansas–Nebraska Act of 1854, which opened the territories to slavery, he became a leader of the new History of the Republican Party (United States), Republican Party. He reached a national audience in the Lincoln–Douglas debates, 1858 Senate campaign debates against Stephen A. Douglas. Lincoln won the 1860 United States presidential election, 1860 presidential election, wh ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Bank Act
The National Banking Acts of 1863 and 1864 were two United States federal banking acts that established a system of national banks chartered at the federal level, and created the United States National Banking System. They encouraged development of a national currency backed by bank holdings of U.S. Treasury securities and established the Office of the Comptroller of the Currency as part of the United States Department of the Treasury. The Act shaped today's national banking system and its support of a uniform U.S. banking policy. Background Antebellum Period At the end of the Second Bank of the United States in 1836, the control of banking regimes devolved mostly to the states. Different states adopted policies including a total ban on banking (as in Wisconsin), a single state-chartered bank (as in Indiana and Illinois), limited chartering of banks (as in Ohio), and free entry (as in New York). While the relative success of New York's "free banking" laws led several states also ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
