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The next time you spend your cash, take a moment to reflect on the
history of the bill or coin in your hand as depicted in today’s infographic illustrating 33 fascinating facts about U.S. currency (notes and coins).
The above comments, and those below, have been edited by Lorimer Wilson, editor of munKNEE.com (Your Key to Making Money!) and the FREE Market Intelligence Report newsletter (see sample here – register here) for the sake of clarity ([ ]) and brevity (…) to provide a fast and easy read. The contents of this post have been excerpted from an article as sourced by VisualCapitalist.com (33 Fascinating Facts on U.S. Currency – see original* HERE) from howmuch.net (33 Facts You Didn’t Know About US Money – #19 will make you think twice about paying with cash – see original** HERE) (This paragraph must be included in any article re-posting to avoid copyright infringement.)
*http://www.visualcapitalist.com/33-fascinating-facts-on-u-s-currency; **http://howmuch.net/articles/33-facts-you-didnt-know-about-us-money
Related Articles from the munKNEE Vault:
1. A Close Look At the U.S. Dollar
The U.S. $1 dollar bill has been redesigned many time since first being issued back in 1862. What we almost exclusively use today is the version designed in 1963. The following extremely informative infographic explains what all the different symbols on the dollar mean, who is on the front & back of all the U.S. currencies currently in use and the $500, $1,000, $10,000 and $100,000 (yes, $100,000!) bills that are no longer in production.
2. An Inside Look At the U.S. Dollar Printing Process
Have you ever wondered how dollar bills are made, why currency is too hard to replicate? Check out the infographic below to learn about the process that goes into printing U.S. paper currency.
3. Love Money? Then You’ll Find These U.S. Currency Facts VERY Interesting
Has U.S. currency as we know it today always been pretty much the same? The answer is no. If you love money as much as I do, you’ll love the infographic below and all the money facts it contains. Take a look. It’s very interesting!
4. Currencies Come – and Go: A History
History clearly shows that when it comes to currencies black swans do happen as the average lifespan of a currency is just 27 years. As such, investors should study currency history and, as part of a smart portfolio, they should protect their hard earned wealth and savings in a defensive fashion. The infographic below documents the history of currency in 10 different countries of significance.
5. The History of Money – From Gold & Silver to Fiat Currencies
Today’s monetary system, combined with fractional reserve banking, has a lot of risks. It is vulnerable to bank runs, inflation, and economic bubbles, to name just a few, yet those risks remain invisible to the majority of people. This article provides links to a video and an extended report that provide insights into the question as to why today’s paper based money system is doomed to fail and how you can protect against such a collapse.
6. Fiat Currencies from Around the World: An Interactive Quiz
Paper money was first used by the Chinese during the Tang Dynasty in 806 AD–500 years before Europe began printing money in the 17th century. It would be another 100 years before America started circulating a national paper currency…. How familiar are you with banknotes from around the world?
7. New Developments in the World of Money
Due to concerns about inflation and money printing, the last 20 years has seen an incredible number of new developments in the world of money. This infographic shows how gold got digital, how digital currencies exploded into life and who the key players are in this global story.