Currency

Money, Money, Money

Who's On The Currency

Penny- Abraham Lincoln

Nickel- Thomas Jefferson

Dime- Franklin Delano Roosevelt

Quarter- George Washington

Half Dollar- John F. Kennedy

Silver Dollar- Susan B. Anthony

Golden Dollar- Sacagawea

$1- George Washington

$2- Thomas Jefferson

$5- Abraham Lincoln

$10- Alexander Hamilton

$20- Andrew Jackson

$50- Ulysses S. Grant

$100- Benjamin Franklin

$500*- William McKinley

$1,000*- Grover Cleveland

$5,000*- James Madison

$10,000*- Salmon P. Chase

$100,000*- Woodrow Wilson

* no longer in circulation

What Did They Do For Our Country

Abraham Lincoln issued the Emancipation Proclamation which began the process of freedom for american slaves and, George Washington served as a general and commander-in-chief of the colonial armies during the American Revolution.

History

1000 B.C.: First Metal Money and Coins. Bronze and Copper cowrie imitations were manufactured by China at the end of the Stone Age and could be considered some of the earliest forms of metal coins. Metal tool money, such as knife and spade monies, was also first used in China. Paper currency first developed in Tang Dynasty China during the 7th century, although true paper money did not appear until the 11th century, during the Song Dynasty. The usage of paper currency later spread throughout the Mongol Empire. We live in a world which is revolved around the use of money. We use it to buy our home, to pay for tuition, to travel, to communicate using our mobile phones, to buy a car, and for hundreds of different things. But, what is money exactly?

Money is used as a means of paying for goods and services. It is defined as being any object that has a unit of value, can be stored, and is used as a medium of exchange.

According to the International Monetary Fund, money is:

“A store of value, which means people can save it and use it later—smoothing their purchases over time,” or “a unit of account, that is, it provides a common base for prices,” and “a medium of exchange, something that people can use to buy and sell from one another.”

Works Cited


"What Is Money? Why Do We Use Money? - Market Business News."Market Business News. N.p., n.d. Web. 11 Mar. 2016