THE HISTORY OF U.S. DOLLAR

Made by:

Iana Potrîmba

&

Crivceanschi Valeriu

From Thalers to Dollars

• English Thaler;

• The Scandinavia Daler;

• The United States Dollar.

Main periods of the United States Dollar

1. 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

  Denomination of Bill     President

$1 George Washington

$2 Thomas Jefferson

$5 Abraham Lincoln

$10 Alexander Hamilton

$20 Andrew Jackson

$50 Ulysses S. Grant

$100  Benjamin Franklin

$500 William McKinley

$1,000 Grover Cleveland

$5,000 James   Madison

$10,000 Salmon P. Chase

$100,000 Woodrow Wilson

Did You Know…

• That the $500, $1000, $5000 and $10,000 bills have not been printed since 1946?

• That it 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?