30 Facts About Money That Will Blow Your Mind

The Civil War sparked paper money circulation

Though the colonies issued paper money prior to winning independence, the federal government didn’t start circulating paper money (greenbacks) until 1861. That’s because the government needed to finance the Civil War — which was expensive — and U.S. banks didn’t have the money to lend to the government, according to the Bureau of Engraving and Printing and the Financial Industry Regulatory Authority.

Claudia Calina

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Claudia Calina

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