7 Fascinating Historical Facts About US Money 

Colonial Currency: Before the U.S. Constitution was ratified, each colony and later each state issued its own currency.  

First National Bank: The First Bank of the United States, established in 1791 by Alexander Hamilton, was the country's first federally chartered national bank.  

Greenbacks: During the Civil War, the U.S. government issued paper currency known as "greenbacks" due to their distinctive green ink. 

Gold Standard: The United States adopted the gold standard in 1900, which fixed the value of the dollar to a specific amount of gold. 

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Creation of the Federal Reserve: The Federal Reserve System was established in 1913 to regulate the U.S. monetary and banking system.  

Dollar Bill Design Changes: The design of U.S. dollar bills has evolved over time. One notable change was the introduction of the "In God We Trust" motto on all currency during the Cold War era in 1957, reflecting a national response to perceived threats from communism. 

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