A Brief History Of American Money
Money has been a constantly evolving facet of the American government. Notes were first printed in 1775 in the form of “Continentals” which were backed by ‘future tax revenue,’ and ever since this rudimentary form of cash was vigorously counterfeited the United States Government has strived toward a more stable and secure form of currency.
TThere were successes and failures along the way; the failed state issued notes the most damaging of them all, but with the founding of The Secret Service in 1865, when about one third of American currency was suspected to be counterfeit, the dollar has grown steadily in integrity.
It seems the Treasury Department’s only consistent problem in it’s tenure is the battle against counterfeiting. Every few years, new intricacies are implanted in to paper money to keep counterfeiters on their toes. As of late, all the paper money being printed (barring the single) is of a new design.
Now, with instant payment through credit cards and electronic checks, money has become increasingly less physical and more digital. Within a few years, inexpensive modern technology could lead the country, or even the world, into a completely cashless environment. The only real question is whether or not the world can handle it.