Q4W2 SS connection

What year did the U.S. Mint begin coining money?

• 1791

• 1792

• 1860

• 1811

Who initially printed paper money in the United States?

• Federal Government

• State banks

• Bureau of Engraving and Printing

• U.S. Mint

Why did the federal bank disappear in 1811?

• The U.S. Mint took over.

• Its charter was not renewed.

• State banks replaced it.

• Paper money was banned.

What problem did some state banks cause by printing too many bills?

• Bills were worth less and less.

• Banks went bankrupt.

• Coins became rare.

• Storekeepers refused to accept money.

What does the word "complex" most likely mean in this text?

• Simple

• Difficult and complicated

• Fake

• Small

What event in the 1860s caused a change in the U.S. money system?

• The invention of coins

• The Civil War

• The establishment of the U.S. Mint

• The disappearance of state banks

What were "greenbacks"?

• Coins made by the U.S. Mint

• Uniform national paper currency

• State bank notes

• Counterfeit money

What tactic did the government use to stop people from using state bank notes?

• It printed more coins.

• It taxed state bank notes.

• It banned paper money entirely.

• It closed state banks.

What organization fights counterfeit money today?

• The Federal Government

• The Bureau of Engraving and Printing

• The U.S. Mint

• State Banks

What does the Bureau of Engraving and Printing do today?

• Prints only coins

• Prints and develops all U.S. paper money

• Creates state bank notes

• Fights the Civil War