Money- Currency

Currency: coins and paper money Three common features of currency 1.Must be easy to carry 2.Durable, last a long time 3.Made in a standard form and considered legal tender by the government that issues it.

Most currencies based on physical commodities such as gold or silver.

Fiat money: currency which gets its value from gov. regulation or law. –Risks becoming worthless due to hyperinflation (producing too much of it) –If people lose faith the money will no longer hold any value. –Modern paper currencies are fiat. They have no intrinsic value only used as a means of payment.

RankCountry NameCurrencyEqual to Dollars 1 Kuwait Dinar Bahrain Dinar Oman Rial Latvia Lats United Kingdom Pound Gibraltar Pound Jordan Dinar European Union Euro Azerbaijan Manat Switzerland Franc 1.11

In 1963 the words: "In silver payable to the bearer on demand" were removed from all newly issued Federal Reserve notes.

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 (MDCCLXXVI)

The Bald Eagle was selected as a symbol for victory for two reasons: 1.he is not afraid of a storm; he is strong, and he is smart enough to soar above it. 2.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 $1George Washington $2Thomas Jefferson $5Abraham Lincoln $10Alexander Hamilton $20Andrew Jackson $50Ulysses S. Grant $100 Benjamin Franklin $500William McKinley $1,000Grover Cleveland $5,000James Madison $10,000Salmon P. Chase $100,000Woodrow 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?