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first paper currency
the first paper money in america was added in 1861 -
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national bank
this bank provided for loans for the cival war and to have a unified curency -
secret service
The United States Secret Service was created to combat conter-fitting. -
the panic of the bankers
The bankers panic is a financial crisis caused by the New York Stock Exchange falling to 50% of it's peak from the previous year. -
federal reserves
The Federal Reserve was created in 1913 as a result of a series of extreme panics including the "Bankers Panic of 1907" -
america goes to war with money
American bankers agree to lend Great Britain, and France five hundred million dollars. This was the largest loan in any country at the time. -
america loans money to germany
The United States loans Germany two hundred million for reparations after the great war. -
the banks fail
The largest bank failure int he history of the nation takes place when the national bank closes in New York. -
debt ceiling
Congress raises the national debt ceiling to a record high of forty nine billion dollars. -
first computer in the tresaury
The first computer is installed in the treasury department, containing 6,500 radio tubes. -
'in god we trust'
The President signed a Joint Resolution declaring that the motto 'In God We Trust' would be the national motto. -
money aint for nothing
Marked the first time in United States history that a paper currency, purportedly designated as legal tender, was not directly or indirectly redeemable in silver or gold coin or bullion
