Saturday, 6 October 2012

History of the USA paper currency

As we have shown in our posts on monetary policy, the creation of paper money - and later, pure fiat money, money which derives it's value only from a governmental guarantee - was a lenghty and often chaotic process. This was especially the case in the United States of America, where the lack of a federal central bank made issuing a strong local currency difficult at best. The following infographic tells the intriguing history of the United States dollar, going back more than 200 years.

Click on the image to enlarge.


3 comments:

  1. You're more interested when they printed "in god we trust" than when Nixon took us off the gold standard?

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    Replies
    1. Hi Joseph, by all means no. Actually, the second link of this article deals with the gold standard, as part of a three-post long concluded series.

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    2. http://schoolonomic.blogspot.hu/2012/09/the-rise-and-fall-of-gold-standard-ii.html

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