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Presenting U.S. currency used from the colonial period to the present day, this reference surveys the world of American banknotes and paper currency in three parts. Part one presents all the banknotes in circulation today, including those being slowly withdrawn as newer designs replace them, along with color photographs and a brief description of the people and sites depicted on each note. Part two provides a brief review of the history of the United States monetary system, covering the many different types of ...
Presenting U.S. currency used from the colonial period to the present day, this reference surveys the world of American banknotes and paper currency in three parts. Part one presents all the banknotes in circulation today, including those being slowly withdrawn as newer designs replace them, along with color photographs and a brief description of the people and sites depicted on each note. Part two provides a brief review of the history of the United States monetary system, covering the many different types of banknotes that have been used from the colonial period onward. Part three features the high-denomination banknotes no longer in circulation, including the $100,000 note. This book is a nontechnical, accessible journey through a dimension of history often overlooked in its uniqueness and interest.
Banknotes in Circulation Today 10
The Origin of Coins and Banknotes 14
Part 1 The Federal Reserve Notes
One Dollar Note 15
George Washington 16
The Great Seal of the United States 18
Two Dollar Notes 21
Thomas Jefferson 22
The Committee of Five 26
Five Dollar Notes 29
Abraham Lincoln 30
The Lincoln Memorial 32
Ten Dollar Notes 35
Alexander Hamilton 36
The U.S. Treasury Building 38
Twenty Dollar Notes 41
Andrew Jackson 42
The White House 44
Fifty Dollar Notes 47
Ulysses S. Grant 48
The United States Capitol 50
One Hundred Dollar Notes 53
Benjamin Franklin 54
Independence Hall 56
Part 2 The History of the American Monetary System a Brief Review
United States History - Highlights of Events 1492-1913 61
The American Monetary System 63
1 Colonial Currency - 1760-1788 66
2 Interest Bearing Notes - 1812-1907 67
A Treasury Notes of the War of 1812 68
B Compound Interest Treasury Notes 69
C Interest-bearing Notes - 1861-1865 70
D Refunding Certificates - 1879 71
3 Demand Notes - 1861-1862 72
4 Confederate Currency - 1861-1865 73
5 Fractional Currency - 1863-1876 74
6 United States Notes (Legal Tender) - 1862-1994 75
7 National Currency - 1863-1938 77
The First Charter Period - 1863-1902 79
The Second Charter Period - 1882-1922 80
The Third Charter Period - 1902-1922 81
8 Gold Certificates - 1865-1936 82
National Gold Banks 1870-1875 83
9 Silver Certificates- 1878-1965 84
10 Treasury Notes - Coin Notes - 1890-1899 86
11 Federal Reserve Notes - 1914 to the present day 87
12 Federal Reserve Bank Notes - 1915-1945 90
13 Emergency Notes - World War II 92
Part 3 High Denomination Notes
500 Dollar Note William McKinley Jr 94
1,000 Dollar Note Grover Cleveland 96
5,000 Dollar Note James Madison 98
10,000 Dollar Note Salmon Portland Chase 100
100,000 Dollar Note Woodrow Wilson 102
Bibliography and further reading 110
Did You Know…?
Martha Washington… 20
George Washington… 20
Thomas Jefferson… 28
Abraham Lincoln… 34
Alexander Hamilton… 40
Andrew Jackson… 46
Ulysses S. Grant… 52
Benjamin Franklin… 58
Star Notes… 60
Posted May 22, 2013
Monumental Money stands as a fantastic introduction to the history of American paper currency. Not only does the book provide a good guide and photographic history of the changes made to the currency over the years, short histories and overviews of American monetary history throughout the years are concise and give just enough information for the reader to understand changes without becoming bogged down in policy or economics.
The highlight of the book are the color depictions of each different series of bill presented, both those removed from circulation and those still in circulation for every denomination. Brief histories of the design of the bills, including biographies of the statesmen on the fronts and buildings and abstract designs on the reverses of the bills are a welcome addition to help understand how our currency has evolved. Each denomination follows the same formula for its description which makes for an easy reference, but no new revelations about any of the figures is provide (not that they're needed in a work such as this.)
My only slight critique was the division of the text into three parts. Part One describes all the notes currently in circulation, Part Two provides a history of American paper currency from the Colonies to present, and Part Three describes all the high denomination notes ($500 through $100,000) in the same manner as Part One. Personally, I would have preferred to have Part Two's history first, and then a combination of Parts One and Three into one long list outlining the denominations from $1 through $100,000. This is a relatively minor critique, however, and doesn not come close to detracting from the value of Monumental Money as a fine introductory resource for monetary historians and collectors alike.
Posted March 30, 2013
This book was published a year ago, and I am happy to finally have it on my shelf!
I can see using this book as I teach my children about money, or referring back to it again during our lessons on Presidential history. It will definitely give them a stronger sense of why they should care, what these pieces of linen and piles of coin really mean in value; to slow down and enjoy the richness of our heritage that we pass around so blithely in the consumer marketplace.
The breakdown of each section and chapter was very intuitive, and led seamlessly from one chunk of information to the next. Each part was well-researched, and provided not just the basics of each bill, but the history surrounding it, and the impact that currency had on our nation. I love the small details, the “behind-the-scenes” look in subjects I am passionate about, and Mr. Arkin’s work more than fulfilled my desire to know more about our money and our history. It is a lot of information to take in at once, but is written in a very clear way, so that I never felt overwhelmed during my reading.
I would recommend buying the actual paperback or hardback for your shelves, as the E-Book had some formatting issues that made several pages very hard to read. As a teaching tool, I do not recommend the e-book version.
I greatly enjoyed this read, and look forward to keeping it on my shelf to pull out again!