History of the US Dollar

The video explores the history and evolution of the US dollar, from its colonial origins to its modern form. It covers the challenges faced by early settlers, the role of the Spanish peso, and the introduction of paper currency during the Revolutionary War. The video also delves into the design and security features of the dollar bill, including the symbolism of the Great Seal and the pyramid. Finally, it discusses the production and lifecycle of modern dollar bills, highlighting anti-counterfeiting measures.

What was used as a form of currency by the earliest settlers in the American colonies?

• Gold and British coins

• Beaver skins and wampum

• Portuguese coins

• Spanish pesos

Why did the Massachusetts Bay Colony issue the first paper currency in America?

• To replace commodity money

• To trade with Indigenous tribes

• To stabilize the economy

• To fund a military expedition

What is the origin of the word 'dollar'?

• It is derived from the Spanish peso

• It originated from the Dutch word 'Dela'

• It is an altered form of the Germanic word 'Tala'

• It was named after a British coin

Which US President was the first to have his face on a bill?

• Salmon P. Chase

• Abraham Lincoln

• Thomas Jefferson

• George Washington

What does the Latin phrase 'E Pluribus Unum' on the dollar bill mean?

• Out of many, one

• Providence has favored our undertakings

• In God We Trust

• A new order of the ages

What material is used to make the paper for US currency?

• 100% cotton

• 100% linen

• 25% linen and 75% cotton

• 50% linen and 50% cotton

What is the purpose of the color-shifting ink on US bills?

• To make the bills more durable

• To make the bills more colorful

• To prevent counterfeiting

• To make the bills glow under UV light

What is the average lifespan of a $1 bill?

• 5 years

• 3.5 years

• 1 year

• 10 years

Which feature on modern bills can be seen under ultraviolet light?

• Color-shifting ink

• Security thread

• Watermark

• Microprinting

What happens to old money that is taken out of circulation?

• It is recycled into new bills

• It is given away as souvenirs

• It is stored in a vault

• It is shredded and buried