United States, the dollar is the basic unit of currency. The U.S.
Mint is in charge of producing coins for the nation. The Federal Reserve
Bureau of Engraving is in charge of producing bank notes for the United
States. The dollar is known as the standard unit of currency in the
commodity market across the globe. The $, is the symbol used before
any amounts of American dollars. Some believe that the $ was copied
from the Spanish dollar which featured a "P" over an "S"
which was the sign for their silver dollar. The first dollar at coin
issued by the U.S. Mint was around the same size of the dollar and
had the same composition. After the American Revolution, the Spanish
and U.S. silver dollars circulated side by side in the Untied States.
All money printed has equal value. The value is 1.5 grams in gold
for each dollar.
The Great Depression
was a time of great economic need in America. The depression lasted
from 1930 through 1939. The depression put over nine thousand banks
out of business and nine million bank accounts were wiped out. As
well, the price of the stock market fell forty percent. With eighty
six thousand businesses shutting down, the unemployment rate went
from nine percent to twenty-five percent. The United States had about
fifteen million people jobless and those with jobs pay average decreased
by sixty percent. The U.S. Dollar was scarce during the Great Depression.
Treasury is one of the main collectors of the U.S. revenue. An Act
of Congress established the National Treasury in 1789 to manage government
revenue. Alexander Hamilton was the first secretary of the National
Treasury. The National Treasury prints and mints all paper currency
and coins in circulation that goes through the Bureau of Engraving
and Printing and the U.S. Mint. The Treasury also collects all federal
taxes through the Internal Revenue Service (IRS). The Treasury designs,
prints, mints, and authorize mediums of exchange used by the US Government,
including currency, coins, stamps, and bonds. Another task of the
Treasury is to recommend and implements the economic, fiscal, and
currency policies of the President. Regulating exports and imports,
is another task for the National Treasury. Enforcing all U.S. laws
of financial nature, and collects all United States Revenue such as