Back In Time - The American Dollar
February 25, 2008 - 1,695 views
I have a fascination for vintage stuff. I like seeing what people wore a few decades ago or what they did for fun. This time, I found what people used decades or centuries ago as a currency. Some really interesting designs, some better - I say - than the current bills we use.
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Notice they all say, “Payable to the bearer on demand”. Look for that on current bills, it’s not there. Because during Vietnam the government was lacking in money, so what did they decide to do? Make more! So they printed out more bills, and soon there wasn’t nearly enough money in the US treasury to be able to pay back the amount of money America had pumped out. This is the reason why the US dollar is so low in worth these days.
Stupid America. 0_o
They used to say that because it was backed by silver and gold. Obviously it wouldn’t make sense to have it on there now because as you said the dollar value is based on dollars printed now.