Essay on Currency of the United States - Special Academic Support

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Did you know there are only two people that werent presidents on our U.S. dollars? There are some familiar faces on the U.S. dollars as we see today. There were presidents on U.S. dollars, but not on every dollar, two were never presidents at all actually. Benjamin Franklin and Alexander Hamilton are on the ten and one hundred dollar bills. In fact, Franklin and Hamilton were not U.S. presidents at all.

According to www.treasury.gov, U.S. currency has the following: George Washington on the one dollar bill, Thomas Jefferson on the two dollar bill, Abraham Lincoln on the five dollar bill, Alexander Hamilton on the ten dollar bill, Andrew Jackson on the twenty dollar bill, Ulysses Grant on the fifty dollar ill, and Benjamin Franklin on the one hundred dollar bill. This proves that not only presidents are on our U.S. currency, but two are the founding fathers of the United States. The two founders are Benjamin Franklin and Alexander Hamilton, which is a big name to live up to. There are a variety of currency notes that are no longer made. These include the five hundred dollar bill with the picture of William McKinley, the one thousand bill with a picture of Grover Cleveland, and the $5,000 bill with a picture of James Madison, the $10,000 bill with a picture of Salmon Chase, and the $100,000 currency note with a picture of Woodrow Wilson. These currency notes all are very rare and history bills to find in the U.S. today.

According to www.advfn.com, the Coinage Act of 1792 helped put together a very neat monetary system that introduced coinage in gold, silver, and copper. Paper notes or greenbacks were introduced into the system in 1861 to help finance the Civil War. According to www.thebalance.com, the value of money is determined by the demand for it, just like the value of goods and services. There are three ways to measure the worth of the dollar today. The first is how much the dollar will buy in other currency, foreign countries to be exact. That is what called the exchange rate. Forex traders on the foreign exchange market decides different kind of exchange rates in other countries. They take into account supply and demand, and then factor in their expectations for the future.

Furthermore, before notes/bills were introduced or created there were coins. Coins was first made in 1793. All of the were made from 100 percent from copper. According to www.thesprucecrafts.com, also some coins are made with ridget rounds and the sum are made with smooth rounds to tell the difference. This helps people out that are blind or nearly blind.

In conclusion, U.S. currency is what helps people take care of their daily needs. Without currency it would be a disaster in the U.S. Money keeps everything running in the same cycle as it is today. Overall, currency is an important item in this free country we call America.

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