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The Massachusetts Bay Colony issued the first paper money in the colonies that would later form the United States.
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The Continental Congress adopted the dollar as the OFFICIAL unit for this nations currency. At that time, private bank-note companies printed a variety of notes.
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The Federal Monetary System was founded with the creation of the U.S. Mint in Philadelphia, but the first American coins were struck in 1793.
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about to go bankrupt and pressed to finance the Civil War, Congress authorized the United States Treasury to issue paper money for the first time in the form of non-interest bearing Treasury Notes called Demand Notes.
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The Department of the Treasury's Bureau of Engraving and Printing started printing all U.S. currency.
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The Department of the Treasury was authorized to issue Silver Certificates in exchange for silver dollars. The last issue was in the Series 1957.
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Currency was reduced in size by 25 percent, and a consistent design was introduced with uniform portraits on the front and emblems and monuments on the back.
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Paper currency was first issued with the inscription “In God We Trust” in 1957. The inscription appears on all currency Series 1963 and later.
