MONEY MAKES THE

WORLD GO ROUND
 MONEY IS A GOOD
SERVANT, BUT A BAD
MASTER
MONEY DOESNT GROW
ON TREES
SALAPI BARTER
EL BANCO ESPANOL
FILIPINO DE
ISABELLA II
PHILIPPINE
COINAGE ACT
Fun Facts About Money
The History of Money

Cattle are probably the oldest of all forms of money. Cattle as money dates back to 9000 B.C. Some cattle were still
used as money in parts of Africa in the middle of the 20th century.
The first coins, pieces of bronze shaped like cattle, appeared around 2000 B.C. Their value was determined by their
weight, making their use cumbersome.
Coins with their value imprinted on them were first produced in Lydia (present day Turkey) around 650 B.C. Around
A.D. 806, the Chinese invented and briefly used paper currency, but the first consistent use of paper money was by the
French in the 18th century.
The Massachusetts Bay Colony issued the first paper money in America in 1690. The colonies would later form the
United States.
On April 2, 1792, Congress created the U. S. Mint. A month later, land was purchased for its construction in Philadelphia, which was then the
nations capital.
The U.S. Mint produced its first circulating coins 11,178 copper cents in March 1793. Soon after, the mint began issuing gold and silver
coins.
Funny Money

Before the days of paper money, Americans traded animal skins, including deer and elk bucks, for goods and services. Hence the word "buck" to
describe money.
American Indians used to carry around strings of clamshells to use as money, which they called wampum. Wampum was the most common form
of money in North America. By 1637, the Massachusetts Bay Colony declared wampum legal tender, which meant it could be used as money.
What happens if your money gets trashed? The Office of Currency Standards will replace it if you can present to officials 51 percent of the note. If
your cash has been burned, torn or otherwise destroyed, they will help you verify and replace that money. The office once received a shotgun in
which a man had hidden some money, but forgot and fired the gun. In another case, a farmer sent his cows stomach stuffed with money.
In 1916, you could get your money laundered for free! If your money was in good enough shape, you could take it to Washington, D.C., where it
could be washed, ironed and reissued.
Parker Brothers printed more money for its Monopoly games than the Federal Reserve has issued in real money for the United States. If you
stacked up all the Monopoly sets made, the pile would be more than 1,100 miles high.

Money is Art!

The pyramid you see on the back of your currency is actually the reverse side of the Great Seal of the United States. The pyramid represents
strength and permanence and has been left unfinished to signify the future growth of the country.
Contrary to popular belief, the automobile pictured on the back of the $10 note is not a Model T Ford. It is a drawing by the person who designed
the bill.
The vignette on the back of the $100 note is Independence Hall in Philadelphia. There are three people depicted in the engraving. A man and a
woman are in front of the hall close to the building; the third person is a man pictured looking toward the building.
The hands of the clock on the back of the $100 bill are set at approximately 4:10. Although the time is not readily identifiable to the naked eye, it
can be seen when examined with 20-fold magnification. There are no records explaining why that particular time was chosen.
During the Civil War, the Bureau of Engraving and Printing was called upon to print paper notes in denominations of 3 cents, 5 cents, 10 cents, 25
cents and 50 cents. The reason for this is that people hoarded coins, which created a drastic shortage. These bills, called greenbacks, were used
to pay Civil War soldiers.
Martha Washington is the only woman whose portrait has appeared on a U.S. currency note. It appeared on the face of the $1 Silver Certificate of
1886 and 1891, and the back of the $1 Silver Certificate of 1896. There have not been any women featured on U.S. paper currency in the entire
20th century.

Amazing Facts

If you had 10 billion $1 notes and spent one every second of every day, it would require 317 years for you to go broke.
There is about $823 in circulation for each person in America.
 A piece of currency can be folded forward and back 4,000 times before it will tear.
The $100 note has been the largest denomination of currency in circulation since 1969. The largest bill ever printed was the $100,000 bill; it was
actually a Gold Certificate issued in 1934. These notes were used for transactions between Federal Reserve banks and were not circulated
among the general public. President Woodrow Wilson was depicted on the bill.

Making Money

Currency is made of 25 percent linen and 75 percent cotton paper. Red and blue synthetic fibers of various lengths are distributed evenly
throughout the paper. Prior to World War I, the fibers were made of silk.
During fiscal year 1999, it cost the Bureau of Printing and Engraving approximately 4.2 cents per note to produce $11.3 billion U.S. paper
currency notes. Ninety-five percent of the notes printed each year are used to replace those already in circulation. Forty-five percent of the notes
printed are $1 bills.
In 2002, the U.S. Mint produced 14,413,236,610 coins for general circulation.
The United States Secret Service was originated in 1865 to combat counterfeit money. At the time, as much as one third of all the money in the
United States was estimated to be counterfeit. Currently, about $250,000 in counterfeit money appears each day.
One of the ways the Federal Reserve detects counterfeit bills is to check the iron content of the ink.

1. t.
2. Highest Denomination

3.
4. The world's highest denomination note is Hungary 100 Million B-Pengo (American 100 Quintillion Pengo)*, issued in 1946. That's 100,000,000,000,000,000,000 Pengo. It was worth about
U.S. $0.20 in 1946.
5.
6. Romania 1 Million (1,000,000) Lei, issued in 2003, is the world's highest denomination polymer plastic banknote. It's no longer legal tender. Four zeros were dropped in the 2005 currency
reform.
7.

cHIna is the first country to use paper money. Ancient paper money can be traced back to the Pai-Lu P'i-pi (white deer-skin money) of Han Dynasty (120 BC) and the Fei-Chien (flying money) of
Tang Dynasty (618-907 AD). However, paper money did not have widespread circulation until the Southern Sung Dynasty (1127-1279 AD), and none has survived.
The earliest surviving notes are a few from the Chin Dynasty (1115-1234) and Yuan Dynasty (1280-1368 AD), and they can be found in some museums.