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Bulloch History with Roger Allen - Currency gets bigger, smaller
roger allen
Roger Allen

    After the Civil War ended, the once-again unified American currency included $1, $2, $5, $10, $20, $50 and $100 bills.
    Higher denomination bills ($500, $1,000, $5,000, and $10,000) referred to as "United States Notes" were released in 1878. "Silver Certificates" were issued beginning in 1880, which were redeemable at the United States Treasury for the same amount of silver.
    In 1913, the "Federal Reserve Act" created the nation's first real central bank. They promptly issued America's largest-ever bills, the first of which was the $10 bill with President Andrew Jackson's portrait on its face. The public soon named them "Horse-blanket" or "Saddle-blanket" bills. Beginning in 1929, new dollar bills were issued by the Treasury that were 30 percent smaller in size. The redesigned series of bills included the largest denomination ever printed: Woodrow Wilson ($100,000). All of the bills were printed in green.
    Not surprisingly, considering the economic crisis facing America, all gold bullion held by the public was ordered confiscated on March 9, 1933 when President Franklin Roosevelt signed United States Executive Order 6102. This meant that the United States had formally abandoned the "Gold Standard" in which every dollar bill was supported by a similar amount of gold bullion at the Federal Repository at Fort Knox.
    The Treasury then issued the "Series of 1934 gold certificates" which featured orange printing on their reverse side. Issued in amounts of $100, $1,000, $10,000, and $100,000, these bills were only used in official U.S. Government business and were illegal for private citizens to possess or traffic in.
    The last of America's high-denomination bills, which were printed in 1945, were all officially pulled from circulation on July 14, 1969 by the Federal Reserve System. Along with some of the "gold" or "silver" dollar certificates, these high denomination bills are rare, and of high value to collectors.
    American bills in circulation between the "Great Depression" and the recent complete redesign of all American bills included United States notes ($2 and $5 bills), Silver Certificates ($1, $5, and $10 bills), Federal Reserve notes ($5, $10, $20, $50, and $100 bills), and in the Federal Reserve notes of 1969 ($1, $5, $10, $20, $50, and $100).
    Roger Allen is a local lover of history. Allen provides a brief look at Bulloch County's historical past. Email Roger at rwasrer53

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