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Post by Rhonda on Dec 3, 2007 7:48:21 GMT -5
The first paper money was nicknamed "greenbacks," for Obvious reasons. Later bills included "goldbacks" and "yellowbacks."
The motto "In God We Trust" was first put on our money By Treasury Secretary Salmon P. Chase. It first appeared On coins in 1864 and on bills in 1957. In 1907, Teddy Roosevelt objected to stamping the phrase on money, Calling the practice sacrilegious and unconstitutional. Various courts have upheld it over the years.
The word "dollar" derives from the German "thaler," a Shortened form of "Joachimsthaler," named for an area In Bohemia where coins were once minted.
There are three non-presidents on our paper money: Alexander Hamilton is on the $10.00 note; Benjamin Franklin is on the $100.00 note; and Salmon P. Chase Is on the $10,000.00 note, no longer in circulation.
The $100.00, $50.00, and $20.00 bills were redesigned In the 1990's to foil counterfeiters by incorporating Features such as watermarks and security threads and To make the denominations more easily distinguished By people with impaired vision
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