The American dollar has been known to the world since 1861. When the first paper ticket of the United States Treasury was printed. The first green denominations featured Roman Gods and Goddesses. The banknote received its color due to the ease of manufacture of green paint. However, the very idea of America and the American Dream are closely related to symbolism. It is reflected in ancient religions.
Initially, in the territory of the Colonies, people used money of all nationalities. The exchange rate of currency was determined by the percentage of gold content. However, for general convenience, the state needed its own banknote. And also in connection with the strengthening of the aggressive policy of Great Britain and the subsequent emancipation of the United States. The currency has become widespread.
How was the dollar able to conquer the world?
The new currency was highly valued not only in the homeland, but also abroad. It is associated with the “gold rush” that developed in the USA in the 30s of the XIX century. Also one dollar was minted from a gold mixture, in which gold is 90 percent. The discovery of new gold deposits made it possible to mint a lot of coins and the gold security of the dollar in a short time. Became a reliable guarantor for the development of currency in the international market.
What does the dollar sign mean?
There are three main versions of the dollar sign.
- According to the first, the $ sign is a unit inscribed in the eight. Which refers to the original dollar measure in one-eighth of the Spanish pesto.
- The second version is based on an early dollar sign. Two lines crossed out the letter s. This version is in the famous cartoon “Duck Tales”. Two lines indicate the letter U inscribed in S and together they make up the monogram of the USA – US (United States).
- The third version, the least popular, refers to the ancient Roman designation of such symbols of slaves. Slaves were one of the signs of wealth among planters and valued like gold.
What does a modern dollar look like?
The modern dollar is a banknote of 156 by 67 millimeters in size (rounded values). It has a front and a reverse side. On the front side are:
- banknote details,
- US miniature coat of arms (excluding one and two dollar bills),
- portrait of a US statesman (depends on the face value),
- signature of the leader.
On the reverse side, depending on the denomination of the bill, are:
- the white house ($ 10 and $ 20),
- Capitol Building ($ 50),
- Palace of Independence.
One and two dollar banknotes deserve special attention. On the back of the two-dollar bill is a reproduction of a picture of John Trumbull – the Declaration of Independence. But the turnover of one dollar is popular due to the image of the American eagle and the Masonic pyramid. It is worth noting that these images do not carry any mysticism, as fans believe the inexplicable. The pyramid and other signs of the Masonic lodge found their place on the banknotes due to the close connection of Freemasonry with statesmen at the beginning of the development of the United States.
How does the dollar stay afloat?
Gold reserves have not supported the US currency for a long time, and many call it plain paper. However, the value of the currency is not in its provision, but in the number of banking operations and the universality of money. A huge number of American corporations, commodity circulation around the world and currency support by strict national policies do not allow the dollar to collapse. Behind each banknote is a production, company and corporation, which affects high turnover. And the pressure and influence on third world countries from the United States presses national bills of other states, destroying worthy competition.