The History of the Dollar
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Date: 2022-12-29
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Comments and reviews: 19
Philip
Due to the short lifespan of bills, Canada replaced its $1 bill with a coin and then shortly did the same with the $2 bill afterward. It's estimated that Canada saves millions of dollars a year in printing costs. While we're on the subject, canada also got rid of the penny. It's value low and it's costs relatively high, it was deemed not worth keeping it. And while we're on that subject, most Canadians don't use currency anymore for transactions, 77 vs 23%. Electronic transfer funds is so widely used that people who depend on handouts like charities, now need electronic tap readers to accept payment from debit and credit cards.
Edit: with Canada's transfer to using e-transfer is instead of cash, the rate of fraud has dropped significantly. And because cash transactions are so low now, Canada got rid of the $1, 000 bill which effectively killed black market activity.
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Due to the short lifespan of bills, Canada replaced its $1 bill with a coin and then shortly did the same with the $2 bill afterward. It's estimated that Canada saves millions of dollars a year in printing costs. While we're on the subject, canada also got rid of the penny. It's value low and it's costs relatively high, it was deemed not worth keeping it. And while we're on that subject, most Canadians don't use currency anymore for transactions, 77 vs 23%. Electronic transfer funds is so widely used that people who depend on handouts like charities, now need electronic tap readers to accept payment from debit and credit cards.
Edit: with Canada's transfer to using e-transfer is instead of cash, the rate of fraud has dropped significantly. And because cash transactions are so low now, Canada got rid of the $1, 000 bill which effectively killed black market activity.
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Digital
You nailed it with little IOU's. People don't realize that we're paying for things with a piece of paper that represents a debt. The Federal Reserve Note, or mistakenly called The Dollar is nothing more than an obligatory scribble on a napkin. It has ZERO value & in fact, is NEGATIVE in value. Why can we buy things with it? Because there no other LEGAL (research that word) option & our future labor provides value to the worthless cloth in your pocket. Credit cards, bank cards & other digital transactions only prove this further. 2020 was a test of a cashless society & we acted like good little pupils. We WILL be digital only within a decade. Jordan in NC
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You nailed it with little IOU's. People don't realize that we're paying for things with a piece of paper that represents a debt. The Federal Reserve Note, or mistakenly called The Dollar is nothing more than an obligatory scribble on a napkin. It has ZERO value & in fact, is NEGATIVE in value. Why can we buy things with it? Because there no other LEGAL (research that word) option & our future labor provides value to the worthless cloth in your pocket. Credit cards, bank cards & other digital transactions only prove this further. 2020 was a test of a cashless society & we acted like good little pupils. We WILL be digital only within a decade. Jordan in NC
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MeaningMatters355
I worked for a money collecting contractor that picked up cash from businesses in those armored trucks. The amount of stuff I learned about money is insane. For instance, those fraud pens only detect for the paper but people bleach bills and print over them so they get through. Always inspect their other details! Another antifraud measure is that the shirts on the people on the bill are textured. So if you run your nail over it, it makes a scratching sound. Unfit money is sorted to be sent out to be destroyed and counterfeits are tracked based on the numbers all over the bill. Super interesting.
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I worked for a money collecting contractor that picked up cash from businesses in those armored trucks. The amount of stuff I learned about money is insane. For instance, those fraud pens only detect for the paper but people bleach bills and print over them so they get through. Always inspect their other details! Another antifraud measure is that the shirts on the people on the bill are textured. So if you run your nail over it, it makes a scratching sound. Unfit money is sorted to be sent out to be destroyed and counterfeits are tracked based on the numbers all over the bill. Super interesting.
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YeeSoest
I always hated band banners in art, those floating ribbons with text on them? Super dumb, there's only ever so much of it facing towards the reader and that's of course where the artists put all the text.
But like what does it say on the rest of the banner? Did they put the text ONLY on those parts and how did they know how to place that, seriously? That's just a bad way of delivering text in art, sorry
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I always hated band banners in art, those floating ribbons with text on them? Super dumb, there's only ever so much of it facing towards the reader and that's of course where the artists put all the text.
But like what does it say on the rest of the banner? Did they put the text ONLY on those parts and how did they know how to place that, seriously? That's just a bad way of delivering text in art, sorry
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Amber
The all seeing isnt some hippi stuff its the Inof Osiris also the starts create when lines create what is known as the Star of David but its not its another ancient symbol that has nothing to do with Jewish. Also when connecting the Star you will get the word mason. There is also a tiny owl in the corner - ever heard of bohemian grove? Where the worship the owl?
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The all seeing isnt some hippi stuff its the Inof Osiris also the starts create when lines create what is known as the Star of David but its not its another ancient symbol that has nothing to do with Jewish. Also when connecting the Star you will get the word mason. There is also a tiny owl in the corner - ever heard of bohemian grove? Where the worship the owl?
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Randy
The original dollar sign had 2 vertical lines, not just one. So I was always told that it was originally U and S printed on top of each other. Eventually the curve on the U was dropped making the 2 lines on the S for the dollar sign. The lines merged over time, resulting in the $ mark.
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The original dollar sign had 2 vertical lines, not just one. So I was always told that it was originally U and S printed on top of each other. Eventually the curve on the U was dropped making the 2 lines on the S for the dollar sign. The lines merged over time, resulting in the $ mark.
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halston?
i visited the dallas federal reserve on a class field trip in elementary school, it was rlly cool! they gave each of us little bags of shredded money that said it wouldve been worth $300 and its just super cool. i probably still have it somewhere: -)
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i visited the dallas federal reserve on a class field trip in elementary school, it was rlly cool! they gave each of us little bags of shredded money that said it wouldve been worth $300 and its just super cool. i probably still have it somewhere: -)
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Marmite
Ah, this is just so quaint and old-fashioned, isn't it? Especially when you consider that so many countries outside of the U. S. A. now have their currencies printed on polymers rather than on paper, don't they?
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Ah, this is just so quaint and old-fashioned, isn't it? Especially when you consider that so many countries outside of the U. S. A. now have their currencies printed on polymers rather than on paper, don't they?
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btetschner
I did not know that Spanish currency was so popular at that time.
That Eye of Providence has always fascinated me.
Fantastic video and narration!
A+ video, my mother even watched it with me.
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I did not know that Spanish currency was so popular at that time.
That Eye of Providence has always fascinated me.
Fantastic video and narration!
A+ video, my mother even watched it with me.
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Michelle
Interesting Info. Here's a question, if it's 25% Linen and 75% Cotton, why isn't it called Material Money? The One Dollar Bill really ought to be redesigned, it's weird, in all sense of the word.
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Interesting Info. Here's a question, if it's 25% Linen and 75% Cotton, why isn't it called Material Money? The One Dollar Bill really ought to be redesigned, it's weird, in all sense of the word.
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DRAKKENFIRE22
I rarely use paper money anymore, but there used to be an image of a spider on the $1 bill. I believe the lacing on the border is the spiders web. Too bad that wasnt mentioned.
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I rarely use paper money anymore, but there used to be an image of a spider on the $1 bill. I believe the lacing on the border is the spiders web. Too bad that wasnt mentioned.
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education
Counterfeiting money is incredibly difficult and expensive, which is why the government assumes no one would counterfeit one dollar bills since the payoff would not be worth it
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Counterfeiting money is incredibly difficult and expensive, which is why the government assumes no one would counterfeit one dollar bills since the payoff would not be worth it
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Raphael
Successful people don't become that way overnight. What most people see at a glance-wealth, a great career, purpose-is the result of hard work and hustle over time.
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Successful people don't become that way overnight. What most people see at a glance-wealth, a great career, purpose-is the result of hard work and hustle over time.
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Derrick
6: 59: In God We Trust was placed on United States coins due to the increased religious sentiment during the Civil War and first appeared on the 1864 two-cent coin.
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6: 59: In God We Trust was placed on United States coins due to the increased religious sentiment during the Civil War and first appeared on the 1864 two-cent coin.
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education
Happiness is a butterfly, which when pursued, is always beyond your grasp, but which, if you will sit down quietly, may alight upon you. _Nathaniel Hawthorne
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Happiness is a butterfly, which when pursued, is always beyond your grasp, but which, if you will sit down quietly, may alight upon you. _Nathaniel Hawthorne
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Paul
The dollar bill has a second animal on it. There is a spider located on the right side of the bill. It is hiding to the left of the 1 on the right side of bill.
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The dollar bill has a second animal on it. There is a spider located on the right side of the bill. It is hiding to the left of the 1 on the right side of bill.
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Kelly
l am so happy my financial life has totally changed ever since I ventured into stock investment. Ive been earning over $18, 000 dollars every single week.
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l am so happy my financial life has totally changed ever since I ventured into stock investment. Ive been earning over $18, 000 dollars every single week.
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Mandie
I would love to see a video about company scrip. Seems like a weird thing in history. thank you for these videos. I love history and I love the jokes.
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I would love to see a video about company scrip. Seems like a weird thing in history. thank you for these videos. I love history and I love the jokes.
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MechsTechNGames
Id like to hear weird historys take on bernie madoffs ponzi scheme, or even about the person named for a ponzi scheme: Carlo Ponzi.
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Id like to hear weird historys take on bernie madoffs ponzi scheme, or even about the person named for a ponzi scheme: Carlo Ponzi.
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