The History Of U.S. Dollar


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Done by Iana Potrimba, FB ASEM, 2009

Published in: Economy & Finance, Education
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  • thanks.. there are many of good info there ,
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  • Very Great Information.

    The History Of U.S. Dollar is so informative.

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  • (slide 2) the word thaler itself isn't start for the money chain. According to J. Burke thaler is a slang word. It describes a coin produced in [here the name] tal. Tal is German word for valley. The mint was placed there.

    (slide 5) how come bimetallic -> gold standard but still 'silver paid..'?

    (slide 8) no explanation why 1776 if slide 3 reports 1792. Nationhood and money aren't necessarily linked for general public.
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The History Of U.S. Dollar

  1. THE HISTORY OF U.S. DOLLAR Made by: I ana Potrîmba & Crivcea n schi Valeriu
  2. From Thalers to Dollars <ul><li>English Thaler; </li></ul><ul><li>The Scandinavia Daler; </li></ul><ul><li>The United States Dollar. </li></ul>
  3. Main periods of the United States Dollar <ul><li>Coinage period  bimetallism </li></ul><ul><li>From 1792 to 1873 dollar was freely backed by both gold and silver at a ratio of 15:1 </li></ul><ul><li>Therefore, in 1834, the 15:1 ratio was changed to a 16:1 ratio. </li></ul>
  4. 2.Gold standard <ul><li>gold the sole legal-tender coinage </li></ul><ul><li>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 ) </li></ul><ul><li>Enough gold for the entire world? </li></ul>
  5. 3.Fiat Money <ul><li>In 1963 the words &quot;WILL PAY TO THE BEARER ON DEMAND&quot; were removed from all newly issued Federal Reserve notes . (IN SILVER PAYABLE TO THE BEARER ON DEMAND) </li></ul>
  6. Value of the U.S. dollar
  7. One Dollar Bill today
  8. <ul><li>ANNUIT COEPTIS, means, </li></ul><ul><li>‘ God has favored our undertaking.’ </li></ul><ul><li>The Latin below the pyramid, NOVUS ORDO SECLORUM, means, </li></ul><ul><li>‘ a new order has begun.’ </li></ul><ul><li>At the base of the pyramid is the Roman Numeral for 1776. (MDCCLXXVI) </li></ul>
  9. <ul><li>The Bald Eagle was selected as a symbol for victory for two reasons: </li></ul><ul><li>First, he is not afraid of a storm; he is strong, and he is smart enough to soar above it. </li></ul><ul><li>Secondly, he wears no material crown. We had just broken from the King of England. </li></ul>
  10. They say that the number 13 is an unlucky number… <ul><li>-13 original colonies - 13 letters in ‘ E Pluribus Unum ’ </li></ul><ul><li>- 13 bars on that shield - 13 steps on the Pyramid </li></ul><ul><li>- 13 stripes on the flag - 13 leaves on the olive branch </li></ul><ul><li>- 13 letters in ‘Annuit Coeptis ’ - 13 fruits </li></ul><ul><li>- 13 signers of the Declaration - 13 stars above the Eagle </li></ul><ul><li>of Independence - 13 arrows. </li></ul>
  11. 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
  12. Did You Know… <ul><li>That the $500 , $1000 , $5000 and $10,000 bills have not been printed since 1 946? </li></ul><ul><li>That i t costs only 4.1 cents to make a $1 bill . It costs the same thing to make a $100 bill ? </li></ul><ul><li>That if we laid each current U.S. bill printed side by side they would stretch around the earth's  equator about 24 times ? </li></ul><ul><li>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 </li></ul>
  13. New words <ul><li>Minted </li></ul><ul><li>Anglicized </li></ul><ul><li>Endorse </li></ul><ul><li>Intrinsic </li></ul><ul><li>Revoke </li></ul><ul><li>Suspend </li></ul><ul><li>Redemption </li></ul><ul><li>Seal (n) </li></ul><ul><li>Beak (n) </li></ul><ul><li>capstone </li></ul>
  14. Questions <ul><li>1.What interesting facts did you remember about the U.S dollar? </li></ul><ul><li>2. In accordance with what the value of dollar went down so dramatically? </li></ul><ul><li>3. How did the word “dollar” evolve? </li></ul><ul><li>4. What can you tell about the symbols on the dollar? </li></ul>