Straight Outta America

Events

Early Coins

700 BCE

First coins made by Turkish group Lydians. Made up of silver,gold,copper ,bronze,tin and len,

Early Paper Money

601 AD

Paper money was first used in China other countries followed nearly 1,000 years later.

Cowrie Shells

1200

Cowrie shells were used for exchange and money, popular in Africa. Found in the islands of the Indian Ocean.

Wampum

1637

Wampum tiny shells made by early Americans were used as currency.

First American Paper Money

1775

Continentals were created. First US paper money had no really value.

Early Banking

1780

First U.S bank. (Bank or Pennsylvania.)

Coinage Act

1792

Made to discontinue continentals. So it had some financial backing,

Gold Certificates

1863 - 1934

A gold certificate in general is a certificate of ownership that gold owners hold instead of storing the actual gold

Federal Reserve Act

1913

is an Act of Congress that created and established the Federal Reserve System, the central banking system of the United States, and granted it the legal authority to issue Federal Reserve Notes (now commonly known as the U.S. Dollar)

Currency of Today

1999

the United States Mint's 50 State Quarters Program was a 10-year initiative that honored each of the nation's states in the order that they ratified the Constitution or were admitted into the Union. Each quarter was produced for about 10 weeks and will never be produced again