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Abraham Lincoln was portrayed on the 1861 $10 Demand Note; Salmon Chase, Lincoln's Secretary of the Treasury, approved his own portrait for the 1862 $1 Legal Tender Note; Winfield Scott was depicted on Interest Bearing Notes during the early 1860s; William P. Fessenden (U.S. Senator and Secretary of the Treasury) appeared on fractional currency ...
The first act, the Currency Act 1751 (24 Geo. 2. c. 53), restricted the issue of paper money and the establishment of new public banks by the colonies of New England. [7] These colonies had issued paper fiat money known as "bills of credit" to help pay for military expenses during the French and Indian Wars.
President of the Republic of Guatemala (1921–1926); responsible for the introduction of the quetzal as Guatemala's national currency 1 quetzal Obverse 1972 (paper), 2006 (polymer) Justo Rufino Barrios: 1835–1885 President of Guatemala (1873–1885) 5 quetzales Obverse 1969 (paper), 2011 (polymer) Miguel García Granados: 1809–1878
Benjamin Franklin began printing Province of Pennsylvania notes in 1729, [6] took on a partner (David Hall) in 1749, [7] and then left the currency printing business after the 1764 issue. [8] Paul Revere both engraved and printed bank notes [ 9 ] [ 10 ] for the Province and then the state of Massachusetts between 1775 and 1779, [ 11 ] and the ...
On February 25, 1862, Congress passed the first Legal Tender Act, which authorized the issuance of $150 million (~$3.57 billion in 2023) in United States Notes. [ 8 ] Since the reverse of the notes was printed with green ink, they were called "greenbacks" by the public and considered to be equivalent to the Demand Notes, which were already ...
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The currency of the American colonies, 1700–1764: a study in colonial finance and imperial relations. Dissertations in American economic history. New York: Arno Press, 1975. ISBN 0-405-07257-0. Ernst, Joseph Albert. Money and politics in America, 1755–1775: a study in the Currency act of 1764 and the political economy of revolution. Chapel ...
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