1.
Dollar coin (United States)
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The dollar coin is a United States coin worth one United States dollar. It is the second largest American coin currently minted in terms of size, with a diameter of 1.043 inches. Dollar coins have been minted in the United States in gold, silver, Dollar coins were first minted in the United States in 1794. The term silver dollar is used for any large white metal coin issued by the United States with a face value of one dollar. While true Gold dollars are no longer minted, the Sacagawea, Dollar coins have never been very popular in the United States since the removal of specie coins from circulation. Despite efforts by the government to promote their use, such as the Presidential $1 Coin Program, the gold dollar was a tiny coin measuring only 13 mm making it difficult to grasp and easy to lose, a serious problem when a dollar was almost a days wage. Dollar coins have found little acceptance in circulation in the United States since the early 20th century. This contrasts with currencies of most other developed countries, where denominations of similar value exist only in coin, a major reason for the lack of acceptance of dollar coins is their similarity in size to a quarter. Whatever the reason, a U. S. Mint official claimed in a November 2012 meeting that most of 2.4 billion dollar coins minted in the five years were not in circulation. The dollar coin is so unpopular with the Federal Reserve that it has contrived barriers to its distribution, the mint marks are C, CC, D, D, O, P, S, and W. C, Charlotte, North Carolina. Before the American Revolutionary War, coins from many European nations circulated freely in the American colonies, chief among these was the Spanish silver dollar coins minted in Mexico and other colonies with silver mined from Central and South American mines. These coins, along others of similar size and value, were in use throughout the colonies, and later the United States. In 1776, the Continental Congress authorized plans to produce a coin to prop up the rapidly failing Continental—the first attempt by the fledgling U. S. at paper currency. Several examples were struck in brass, pewter, and silver, the Continental Dollar bears a date of 1776, and while its true denomination is not known, it is generally the size of later dollars, and the name has stuck. The failure of the Continental exacerbated a distrust of paper money among both politicians and the populace at large, the Coinage Act of 1792 authorized the production of dollar coins from silver. The United States Mint produced silver coins from 1794 to 1803. The first silver dollars, precisely 1,758 of them, were coined on October 15,1794 and were delivered to Mint Director David Rittenhouse for distribution to dignitaries as souvenirs. Thereafter, until 1804, they were struck in varying quantities, there are two obverse designs, Flowing Hair and Draped Bust
2.
United States dollar
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The United States dollar is the official currency of the United States and its insular territories per the United States Constitution. It is divided into 100 smaller cent units, the circulating paper money consists of Federal Reserve Notes that are denominated in United States dollars. The U. S. dollar was originally commodity money of silver as enacted by the Coinage Act of 1792 which determined the dollar to be 371 4/16 grain pure or 416 grain standard silver, the currency most used in international transactions, it is the worlds primary reserve currency. Several countries use it as their currency, and in many others it is the de facto currency. Besides the United States, it is used as the sole currency in two British Overseas Territories in the Caribbean, the British Virgin Islands and Turks and Caicos Islands. A few countries use the Federal Reserve Notes for paper money, while the country mints its own coins, or also accepts U. S. coins that can be used as payment in U. S. dollars. After Nixon shock of 1971, USD became fiat currency, Article I, Section 8 of the U. S. Constitution provides that the Congress has the power To coin money, laws implementing this power are currently codified at 31 U. S. C. Section 5112 prescribes the forms in which the United States dollars should be issued and these coins are both designated in Section 5112 as legal tender in payment of debts. The Sacagawea dollar is one example of the copper alloy dollar, the pure silver dollar is known as the American Silver Eagle. Section 5112 also provides for the minting and issuance of other coins and these other coins are more fully described in Coins of the United States dollar. The Constitution provides that a regular Statement and Account of the Receipts and that provision of the Constitution is made specific by Section 331 of Title 31 of the United States Code. The sums of money reported in the Statements are currently being expressed in U. S. dollars, the U. S. dollar may therefore be described as the unit of account of the United States. The word dollar is one of the words in the first paragraph of Section 9 of Article I of the Constitution, there, dollars is a reference to the Spanish milled dollar, a coin that had a monetary value of 8 Spanish units of currency, or reales. In 1792 the U. S. Congress passed a Coinage Act, Section 20 of the act provided, That the money of account of the United States shall be expressed in dollars, or units. And that all accounts in the offices and all proceedings in the courts of the United States shall be kept and had in conformity to this regulation. In other words, this act designated the United States dollar as the unit of currency of the United States, unlike the Spanish milled dollar the U. S. dollar is based upon a decimal system of values. Both one-dollar coins and notes are produced today, although the form is significantly more common
3.
George Washington
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George Washington was an American politician and soldier who served as the first President of the United States from 1789 to 1797 and was one of the Founding Fathers of the United States. He served as Commander-in-Chief of the Continental Army during the American Revolutionary War and he is popularly considered the driving force behind the nations establishment and came to be known as the father of the country, both during his lifetime and to this day. Washington was widely admired for his leadership qualities and was unanimously elected president by the Electoral College in the first two national elections. Washingtons incumbency established many precedents still in use today, such as the system, the inaugural address. His retirement from office two terms established a tradition that lasted until 1940 when Franklin Delano Roosevelt won an unprecedented third term. The 22nd Amendment now limits the president to two elected terms and he was born into the provincial gentry of Colonial Virginia to a family of wealthy planters who owned tobacco plantations and slaves, which he inherited. In his youth, he became an officer in the colonial militia during the first stages of the French. In 1775, the Second Continental Congress commissioned him as commander-in-chief of the Continental Army in the American Revolution, in that command, Washington forced the British out of Boston in 1776 but was defeated and nearly captured later that year when he lost New York City. After crossing the Delaware River in the middle of winter, he defeated the British in two battles, retook New Jersey, and restored momentum to the Patriot cause and his strategy enabled Continental forces to capture two major British armies at Saratoga in 1777 and Yorktown in 1781. In battle, however, Washington was repeatedly outmaneuvered by British generals with larger armies, after victory had been finalized in 1783, Washington resigned as commander-in-chief rather than seize power, proving his opposition to dictatorship and his commitment to American republicanism. Washington presided over the Constitutional Convention in 1787, which devised a new form of government for the United States. Following his election as president in 1789, he worked to unify rival factions in the fledgling nation and he supported Alexander Hamiltons programs to satisfy all debts, federal and state, established a permanent seat of government, implemented an effective tax system, and created a national bank. In avoiding war with Great Britain, he guaranteed a decade of peace and profitable trade by securing the Jay Treaty in 1795 and he remained non-partisan, never joining the Federalist Party, although he largely supported its policies. Washingtons Farewell Address was a primer on civic virtue, warning against partisanship, sectionalism. He retired from the presidency in 1797, returning to his home, upon his death, Washington was eulogized as first in war, first in peace, and first in the hearts of his countrymen by Representative Henry Lee III of Virginia. He was revered in life and in death, scholarly and public polling consistently ranks him among the top three presidents in American history and he has been depicted and remembered in monuments, public works, currency, and other dedications to the present day. He was born on February 11,1731, according to the Julian calendar, the Gregorian calendar was adopted within the British Empire in 1752, and it renders a birth date of February 22,1732. Washington was of primarily English gentry descent, especially from Sulgrave and his great-grandfather John Washington emigrated to Virginia in 1656 and began accumulating land and slaves, as did his son Lawrence and his grandson, Georges father Augustine
4.
Great Seal of the United States
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The Great Seal of the United States is used to authenticate certain documents issued by the U. S. federal government. The phrase is used both for the seal itself, and more generally for the design impressed upon it. The Great Seal was first used publicly in 1782, the obverse of the great seal is used as the national coat of arms of the United States. It is officially used on such as United States passports, military insignia, embassy placards. As a coat of arms, the design has official colors, since 1935, both sides of the Great Seal have appeared on the reverse of the one-dollar bill. The Seal of the President of the United States is directly based on the Great Seal, the design on the obverse of the seal is the coat of arms of the United States. The shield, though sometimes drawn incorrectly, has two differences from the American flag. First, it has no stars on the blue chief, second, unlike the American flag, the outermost stripes are white, not red, so as not to violate the heraldic rule of tincture. The supporter of the shield is an eagle with its wings outstretched. Although not specified by law, the branch is usually depicted with 13 leaves and 13 olives. The eagle has its head turned towards the branch, on its right side. In its beak, the eagle clutches a scroll with the motto E pluribus unum, over its head there appears a glory with 13 mullets on a blue field. In the current dies of the seal, the 13 stars above the eagle are arranged in rows of 1-4-3-4-1. The 1782 resolution of Congress adopting the arms, still in force, legally blazoned the shield as Paleways of 13 pieces, argent and gules, a more technically proper blazon would have been argent, six pallets gules. But the phrase used was chosen to preserve the reference to the 13 original states, the 1782 resolution adopting the seal blazons the image on the reverse as A pyramid unfinished. In the zenith an eye in a triangle, surrounded by a glory, the pyramid is conventionally shown as consisting of 13 layers to refer to the 13 original states. The adopting resolution provides that it is inscribed on its base with the date MDCCLXXVI in Roman numerals, where the top of the pyramid should be, the Eye of Providence watches over it. Two mottos appear, Annuit cœptis signifies that Providence has approved of undertakings, Novus ordo seclorum, freely taken from Virgil, is Latin for a new order of the ages
5.
Denomination (currency)
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Denomination is a proper description of a currency amount, usually for coins or banknotes. Denominations may also be used other means of payment like gift cards. For example, five euros is the denomination of a five euro note, in a currency, there is usually a main unit, and a subunit that is a fraction of the main unit. In some countries, there are levels of subunits. In the former Ottoman Empire,1 lira =100 kuruş =4000 para =12000 akçe, today, only a few places have more than one subunit, notably Chinese speaking regions, the mainland China, the Hong Kong, and Republic of Chinas. In addition, the Jordanian dinar is divided into 10 dirham,100 qirsh/piastres, many countries where Western European languages are spoken currently have their main units divided into 100 subunits. Some currencies that previously had no longer do, because inflation has rendered the subunit useless. A prominent example is the Japanese yen, which was divided into 100 sen or 1000 rin. Both subunits were demonetized at the end of 1953, occasionally, a super unit is used as a multiple of the main unit. Examples include Korean won =5 yang in 1893, Iranian toman 10 rials, in the Ottoman Empire, lira and kuruş were super units at some point before becoming the main unit. A decimal currency is a currency where the ratio between the unit and the subunit is an integral power of 10. Non-decimal currencies are now rare but had advantages in daily life transactions. For example,1 South German Gulden =60 Kreuzer,60 can be divided into 2,3,4,5,6,10,12,15,20 or 30 parts that are still integers, making pricing easy. This advantage and the lack of widespread accurate weighing apparatus coupled with tradition were the reasons why non-decimal currencies were used, in theory, two countries currently use non-decimal currency, Mauritania and Madagascar. In practice, however, the value of the unit in each case is so low that the sub-unit is not of any practical use and is rarely seen in circulation. The last major countries to use non-decimal currencies in practice were the United Kingdom, Ireland, Malta, the average number of coins needed to make change. It is common to name a unit with a unit of weight, such as pound, lira, in most cases, these currencies were originally defined as that amount of some precious metal. Another choice of name is some form of derivative of the political entity, the Afghan afghani and European euro fall into this category
6.
President of the United States
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The President of the United States is the head of state and head of government of the United States. The president directs the executive branch of the government and is the commander-in-chief of the United States Armed Forces. The president is considered to be one of the worlds most powerful political figures, the role includes being the commander-in-chief of the worlds most expensive military with the second largest nuclear arsenal and leading the nation with the largest economy by nominal GDP. The office of President holds significant hard and soft power both in the United States and abroad, Constitution vests the executive power of the United States in the president. The president is empowered to grant federal pardons and reprieves. The president is responsible for dictating the legislative agenda of the party to which the president is a member. The president also directs the foreign and domestic policy of the United States, since the office of President was established in 1789, its power has grown substantially, as has the power of the federal government as a whole. However, nine vice presidents have assumed the presidency without having elected to the office. The Twenty-second Amendment prohibits anyone from being elected president for a third term, in all,44 individuals have served 45 presidencies spanning 57 full four-year terms. On January 20,2017, Donald Trump was sworn in as the 45th, in 1776, the Thirteen Colonies, acting through the Second Continental Congress, declared political independence from Great Britain during the American Revolution. The new states, though independent of each other as nation states, desiring to avoid anything that remotely resembled a monarchy, Congress negotiated the Articles of Confederation to establish a weak alliance between the states. Out from under any monarchy, the states assigned some formerly royal prerogatives to Congress, only after all the states agreed to a resolution settling competing western land claims did the Articles take effect on March 1,1781, when Maryland became the final state to ratify them. In 1783, the Treaty of Paris secured independence for each of the former colonies, with peace at hand, the states each turned toward their own internal affairs. Prospects for the convention appeared bleak until James Madison and Edmund Randolph succeeded in securing George Washingtons attendance to Philadelphia as a delegate for Virginia. It was through the negotiations at Philadelphia that the presidency framed in the U. S. The first power the Constitution confers upon the president is the veto, the Presentment Clause requires any bill passed by Congress to be presented to the president before it can become law. Once the legislation has been presented, the president has three options, Sign the legislation, the bill becomes law. Veto the legislation and return it to Congress, expressing any objections, in this instance, the president neither signs nor vetoes the legislation
7.
Gilbert Stuart
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Gilbert Charles Stuart was an American painter from Rhode Island. Gilbert Stuart is widely considered one of Americas foremost portraitists and his best known work is the unfinished portrait of George Washington that is sometimes referred to as The Athenaeum, begun in 1796 and never finished. Stuart retained the portrait and used it to paint 130 copies which he sold for $100 each, throughout his career, Gilbert Stuart produced portraits of over 1,000 people, including the first six Presidents of the United States. C. The National Portrait Gallery, London, Worcester Art Museum in Massachusetts, Gilbert Stuart was born on December 3,1755 in Saunderstown, Rhode Island, a village of North Kingstown, and baptized at Old Narragansett Church on April 11,1756. Stuarts father worked in the first colonial snuff mill in America, Gilbert Stuart moved to Newport, Rhode Island at the age of six, where his father pursued work in the merchant field. In Newport, Stuart first began to show promise as a painter. In 1770, Stuart made the acquaintance of Scottish artist Cosmo Alexander, a visitor of the colonies who made portraits of local patrons and who became a tutor to Stuart. Under the guidance of Alexander, Stuart painted the famous portrait Dr. Hunters Spaniels when he was fourteen years old, the painting is also referred to as Dr. Hunters Dogs by some accounts. In 1771, Stuart moved to Scotland with Alexander to finish his studies, Stuart tried to maintain a living and pursue his painting career, but to no avail, so he returned to Newport in 1773. Stuarts prospects as a portraitist were jeopardized by the onset of the American Revolution, Stuart departed for England in 1775 following the example set by John Singleton Copley. He was unsuccessful at first in pursuit of his vocation, the relationship was beneficial, with Stuart exhibiting at the Royal Academy as early as 1777. By 1782, Stuart had met with success, largely due to acclaim for The Skater, Stuart said that he was suddenly lifted into fame by a single picture. At one point, the prices for his pictures were exceeded only by those of renowned English artists Joshua Reynolds, despite his many commissions, however, Stuart was habitually neglectful of finances and was in danger of being sent to debtors prison. In 1787, he fled to Dublin, Ireland where he painted and accumulated debt with equal vigor, Stuart ended his 18-year stay in Britain and Ireland in 1793, leaving behind numerous unfinished paintings. He returned to the United States and settled briefly in New York City, in 1795, he moved to Germantown, Pennsylvania, near Philadelphia, where he opened a studio. It was here that he gained a foothold in the art world, Stuart painted George Washington in a series of iconic portraits, each of them leading in turn to a demand for copies, and keeping Stuart busy and highly paid for years. The most famous and celebrated of these likenesses is known as The Athenaeum and is portrayed on the United States one dollar bill. Stuart, along with his daughters, painted a total of 130 reproductions of The Athenaeum, however, he never completed the original version, after finishing Washingtons face, he kept the original version to make the copies
8.
Obverse and reverse
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In this usage, obverse means the front face of the object and reverse means the back face. The obverse of a coin is commonly called heads, because it depicts the head of a prominent person. In fields of scholarship outside numismatics, the front is more commonly used than obverse. For prints and drawings with material on both sides the one judged as more significant will be the recto, a convention now exists typically to display the obverse to the left and the reverse to the right in photographs and museum displays, but this is not invariably observed. Following this principle, in the most famous of ancient Greek coins, the tetradrachm of Athens, the obverse is the head of Athena, similar versions of these two images, both symbols of the state, were used on the Athenian coins for more than two centuries. The opposite side may have varied from time to time and this change happened in the coinage of Alexander the Great, which continued to be minted long after his death. The various Hellenistic rulers who were his successors followed his tradition and this script alone style then was used on nearly all Islamic coinage until the modern period. The type of Justinian II was revived after the end of Iconoclasm, without images, therefore, it is not always easy to tell which side will be regarded as the obverse without some knowledge. After 695, Islamic coins avoided all images of persons and usually, the side expressing the Six Kalimas is usually defined as the obverse. The form of currency follows its function, which is to serve as an accepted medium of exchange of value. Traditionally, most states have been monarchies where the person of the monarch, if not provided for on the obverse, the reverse side usually contains information relating to a coins role as medium of exchange. Additional space typically reflects the countrys culture or government, or evokes some aspect of the states territory. Regarding the euro, some regarding the obverse and reverse of the euro coins exists. This rule does not apply to the coins as they dont have a common side. A number of the used for obverse national sides of euro coins were taken from the reverse of the old pre-euro coins of some individual countries. Several countries continue to use portraits of the monarch and the Republic of Ireland continues to use the State Arms. The Chrysanthemum Crest was no longer used after the war, and so, the side on which the date continues to be regarded as the reverse. Following ancient tradition, the obverse of coins of the United Kingdom almost always feature the head of the monarch
9.
United States two-dollar bill
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The United States two-dollar bill is a current denomination of U. S. currency. The third U. S. President, Thomas Jefferson, is featured on the obverse of the note, the reverse features the painting The Declaration of Independence by John Trumbull. Throughout the $2 bills pre-1929 life as a note, it was issued as a United States Note, National Bank Note, silver certificate. When U. S. currency was changed to its current size, production went on until 1966, when the series was discontinued. Ten years went by before the $2 bill was reissued as a Federal Reserve Note with a new reverse design, $2 bills are seldom seen in circulation as a result of banking policies with businesses which has resulted in low production numbers due to lack of demand. The denomination of two dollars was authorized under an act, and first used in March 1862. The denomination was continuously used until the 1960s, by time the United States Note was the only remaining class of U. S. currency the two dollar bill was assigned to. In 1966 it was decided to discontinue all two dollar United States Notes from production and it has remained a current denomination since then. However, due to its use, two-dollar bills are not frequently reissued in a new series like other denominations which are printed according to demand. Though some cash registers accommodate it, its slot is used for things like checks. Some bill acceptors found in vending machines, self checkout lanes, although they usually are not handed out arbitrarily, two-dollar bills are usually available at banks. Many banks stocking $2 bills will not use them except upon specific request by the customer, the seeming rarity of a $2 bill can be attributed to its low printing numbers as a Federal Reserve Note. Hoarding of the due to lack of public knowledge of the $2 bill has resulted in very few bills seen in circulation. After its initial release, supplies of the Series 1976 $2 bill were allowed to dwindle until August 1996 when a new series dated 1995 began to be printed and this series was only printed for the Federal Reserve Bank of Atlanta. Today, there is a misconception by the general public that the $2 bill is no longer in production. According to the Treasury, it receives many letters asking why the $2 bill is no longer in circulation, in response, the Treasury stated, The $2 bill remains one of our circulating currency denominations. As of April 30,2007 there were $1,549,052,714 worth of $2 bills in circulation worldwide. Another popular misconception is that the average $2 bill is more than its face value
10.
Federal Reserve Note
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Federal Reserve Notes, also United States banknotes or U. S. banknotes, are the banknotes currently used in the United States of America. Denominated in United States dollars, Federal Reserve Notes are printed by the United States Bureau of Engraving and Printing on paper made by Crane & Co. of Dalton, Federal Reserve Notes are the only type of U. S. banknote currently produced. The notes are then put into circulation by the Federal Reserve Banks, at which point they become liabilities of the Federal Reserve Banks, Federal Reserve Notes are legal tender, with the words this note is legal tender for all debts, public and private printed on each note. They have replaced United States Notes, which were issued by the Treasury Department. Federal Reserve Notes are backed by the assets of the Federal Reserve Banks and these assets are generally Treasury securities which have been purchased by the Federal Reserve through its Federal Open Market Committee in a process called debt monetizing. This monetized debt can increase the supply, either with the issuance of new Federal Reserve Notes or with the creation of debt money. This increase in the base leads to a larger increase in the money supply through fractional-reserve banking as deposits are lent. Prior to centralized banking, each bank issued its own notes. The first institution with responsibilities of a bank in the U. S. was the First Bank of the United States. Its charter was not renewed in 1811, in 1816, the Second Bank of the United States was chartered, its charter was not renewed in 1836, after President Andrew Jackson campaigned heavily for its disestablishment. From 1837 to 1862, in the Free Banking Era there was no central bank. From 1862 to 1913, a system of banks was instituted by the 1863 National Banking Act. The first printed notes were Series 1914, in 1928, cost-cutting measures were taken to reduce the note to the size it is today. The authority of the Federal Reserve Banks to issue notes comes from the Federal Reserve Act of 1913, legally, they are liabilities of the Federal Reserve Banks and obligations of the United States government. Although not issued by the Treasury Department, Federal Reserve Notes carry the signature of the Treasurer of the United States, at the time of the Federal Reserves creation, the law provided for notes to be redeemed to the Treasury in gold or lawful money. The Emergency Banking Act of 1933 removed the gold obligation and authorized the Treasury to satisfy these redemption demands with current notes of equal face value, under the Bretton Woods system, although citizens could not possess gold, the federal government continued to maintain a stable international gold price. This system ended with the Nixon Shock of 1971, present-day Federal Reserve Notes are not backed by convertibility to any specific commodity, but only by the collateral assets that Federal Reserve Banks post in order to obtain them. Series 1914 FRN were the first of two large-size issues, denominations were $5, $10, $20, $50, and $100 printed first with a red seal and then continued with a blue seal
11.
Silver certificate (United States)
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Silver certificates are a type of representative money issued between 1878 and 1964 in the United States as part of its circulation of paper currency. They were produced in response to silver agitation by citizens who were angered by the Fourth Coinage Act, the certificates were initially redeemable for their face value of silver dollar coins and later in raw silver bullion. Since 1968 they have been only in Federal Reserve Notes and are thus obsolete. Large-size silver certificates were issued initially in denominations from $10 to $1,000 and in 1886 the $1, $2, in 1928, all United States bank notes were re-designed and the size reduced. The small-size silver certificate was issued in denominations of $1, $5. The complete type set below is part of the National Numismatic Collection at the Smithsonians National Museum of American History, the Coinage Act of 1873 intentionally omitted language authorizing the coinage of “standard” silver dollars and ended the bimetallic standard that had been created by Alexander Hamilton. By 1875 business interests invested in silver wanted the bimetallic standard restored, people began to refer to the passage of the Act as the Crime of 73. Further public agitation for silver use was driven by fear that there was not enough money in the community. Members of Congress claimed ignorance that the 1873 law would lead to the demonetization of silver, some blamed the passage of the Act on a number of external factors including a conspiracy involving foreign investors and government conspirators. In response, the Bland–Allison Act, as it came to be known, was passed by Congress on 28 February 1878, the first silver certificates were issued in denominations of $10 through $1,000. Reception by financial institutions was cautious, while more convenient and less bulky than dollar coins, the silver certificate was not accepted for all transactions. Congress used the National Banking Act of 12 July 1882 to clarify the legal status of silver certificates by clearly authorizing them to be included in the lawful reserves of national banks. A general appropriations act of 4 August 1886 authorized the issue of $1, $2, the introduction of low-denomination currency greatly increased circulation. Over the 12-year lifespan of the Bland–Allison Act, the United States government would receive a seigniorage amounting to roughly $68 million, Treasury Secretary Franklin MacVeagh appointed a committee to investigate possible advantages to issuing smaller sized United States banknotes. Due in part to the outbreak of World War I and the end of his appointed term, any recommendations may have stalled. On 20 August 1925, Treasury Secretary Andrew W. Mellon appointed a committee and in May 1927 accepted their recommendations for the size reduction. On 10 July 1929 the new currency was issued. This required that the Treasury maintain stocks of dollars to back
12.
In God We Trust
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In God We Trust is the official motto of the United States. In God We Trust first appeared on U. S. coins in 1864 and has appeared on paper currency since 1957. A law passed in a Joint Resolution by the 84th Congress and this phrase was first used on paper money in 1957, when it appeared on the one-dollar silver certificate. The first paper currency bearing the phrase entered circulation on October 1,1957, the 84th Congress later passed legislation, also signed by President Eisenhower on July 30,1956, declaring the phrase to be the national motto. It is also the motto of the U. S. state of Florida and its Spanish equivalent, En Dios Confiamos, is the motto of the Republic of Nicaragua. The phrase appears to have originated in The Star-Spangled Banner, written by Francis Scott Key during the War of 1812, the fourth stanza includes the phrase, And this be our motto, In God is our Trust. This version of the made a early appearance on the twenty dollar interest bearing notes issued in 1864 along with the motto God. At least part of the motivation was to declare that God was on the Union side of the Civil War, chase chose his favorite designs and presented a proposal to Congress for the new designs in late 1863. This meant that the mint could make no changes without the enactment of legislation by the Congress. Such legislation was introduced and passed on April 22,1864, an Act of Congress passed on March 3,1865, allowed the Mint Director, with the Secretarys approval, to place the motto on all gold and silver coins that shall admit the inscription thereon. In 1873, Congress passed the Coinage Act, granting that the Secretary of the Treasury may cause the motto IN GOD WE TRUST to be inscribed on coins as shall admit of such motto. The use of In God We Trust has been interrupted, the motto disappeared from the five-cent coin in 1883, and did not reappear until production of the Jefferson nickel began in 1938. However, at least two other coins minted in every year in the interim still bore the motto, including the Morgan dollar, in 1908, Congress made it mandatory that the phrase be printed on all coins upon which it had previously appeared. This decision was motivated after an outcry following the release of a $20 coin which did not bear the motto. The motto has been in use on the one-cent coin since 1909. It also has appeared on all coins and silver dollar coins, half-dollar coins. Since 1938, all US coins have borne the motto, during the Cold War era, the government of the United States sought to distinguish itself from the Soviet Union, which promoted state atheism and thus implemented antireligious legislation. The 84th Congress passed a joint resolution declaring IN GOD WE TRUST the national motto of the United States, the law was signed by President Eisenhower on July 30,1956
13.
Federal Reserve System
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The Federal Reserve System is the central banking system of the United States. Over the years, events such as the Great Depression in the 1930s, the U. S. Congress established three key objectives for monetary policy in the Federal Reserve Act, maximizing employment, stabilizing prices, and moderating long-term interest rates. The first two objectives are sometimes referred to as the Federal Reserves dual mandate. S, the Fed conducts research into the economy and releases numerous publications, such as the Beige Book. S. member banks, and various advisory councils. The federal government sets the salaries of the seven governors. Nationally chartered commercial banks are required to hold stock in the Federal Reserve Bank of their region, thus, the Federal Reserve System has both private and public components to serve the interests of the public and private banks. The structure is considered unique among central banks and it is also unusual in that the United States Department of the Treasury, an entity outside of the central bank, prints the currency used. The U. S. Government receives all the annual profits, after a statutory dividend of 6% on member banks capital investment is paid. In 2015, the Federal Reserve made a profit of $100.2 billion, the primary motivation for creating the Federal Reserve System was to address banking panics. Before the founding of the Federal Reserve System, the United States underwent several financial crises, a particularly severe crisis in 1907 led Congress to enact the Federal Reserve Act in 1913. Today the Federal Reserve System has responsibilities in addition to ensuring the stability of the financial system. S. S and this practice is called fractional-reserve banking. As a result, banks usually invest the majority of the funds received from depositors, on rare occasions, too many of the banks customers will withdraw their savings and the bank will need help from another institution to continue operating, this is called a bank run. Bank runs can lead to a multitude of social and economic problems, the Federal Reserve System was designed as an attempt to prevent or minimize the occurrence of bank runs, and possibly act as a lender of last resort when a bank run does occur. Many economists, following Milton Friedman, believe that the Federal Reserve inappropriately refused to lend money to banks during the bank runs of 1929. Because some banks refused to clear checks from certain others during times of economic uncertainty, to address these problems, Congress gave the Federal Reserve System the authority to establish a nationwide check-clearing system. It took over this role from the private sector clearing houses which operated during the Free Banking Era, whether public or private, through its discount window and credit operations, Reserve Banks provide liquidity to banks to meet short-term needs stemming from seasonal fluctuations in deposits or unexpected withdrawals. Longer term liquidity may also be provided in exceptional circumstances, the rate the Fed charges banks for these loans is called the discount rate. By making these loans, the Fed serves as a buffer against unexpected day-to-day fluctuations in reserve demand and this contributes to the effective functioning of the banking system, alleviates pressure in the reserves market and reduces the extent of unexpected movements in the interest rates. For example, on September 16,2008, the Federal Reserve Board authorized an $85 billion loan to stave off the bankruptcy of international insurance giant American International Group
14.
United States Note
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A United States Note, also known as a Legal Tender Note, is a type of paper money that was issued from 1862 to 1971 in the U. S. Having been current for more than 100 years, they were issued for longer than any form of U. S. paper money. They were known popularly as greenbacks, a name inherited from the earlier greenbacks, the Demand Notes, often termed Legal Tender Notes, they were named United States Notes by the First Legal Tender Act, which authorized them as a form of fiat currency. They were originally issued directly into circulation by the U. S. Treasury to pay expenses incurred by the Union during the American Civil War, during the next century, the legislation governing these notes was modified many times and numerous versions were issued by the Treasury. S. Treasury Seals and serial numbers in place of green ones, existing United States Notes remain valid currency in the United States, however, as no United States Notes have been issued since January 1971, they are increasingly rare in circulation. The Act of July 17,1861 authorized United States Secretary of the Treasury Salmon P. Chase to raise money via the issuance of $50,000,000 in Treasury Notes payable on demand. These Demand Notes were paid to creditors directly and used to meet the payroll of soldiers in the field. While issued within the framework of Treasury Note Debt, the Demand Notes were intended to circulate as currency and were of the same size as banknotes. During December 1861, economic conditions deteriorated and a suspension of specie payment caused the government to cease redeeming the Demand Notes as coins, the beginning of 1862 found the Unions expenses increasing, and the government was having trouble funding the escalating war. Demand Notes—which were used, among other things, to pay Union soldiers—were unredeemable, congressman and Buffalo banker Elbridge G. Spaulding prepared a bill, based on the Free Banking Law of New York, that eventually became the National Banking Act of 1863. This caused tremendous controversy in Congress, as hitherto the Constitution had been interpreted as not granting the government the power to issue a paper currency. Spaulding justified the action as a means of carrying into execution the powers granted in the Constitution to raise and support armies. Initially, the emission was limited to $150,000,000 total face value between the new Legal Tender Notes and the existing Demand Notes, the Act also intended for the new notes to be used to replace the Demand Notes as soon as practical. The Demand Notes had been issued in denominations of $5, $10, and $20, in addition, notes of entirely new design were introduced in denominations of $50, $100, $500 and $1000. The Demand Notes printed promise of payment On Demand was removed, Legal tender status guaranteed that creditors would have to accept the notes despite the fact that they were not backed by gold, bank deposits, or government reserves, and had no interest. The Act did provide that the notes be receivable by the government for short term deposits at 5% interest, the rationale for these terms was that the Union government would preserve its credit-worthiness by supporting the value of its bonds by paying their interest in gold. Lastly, by making the bonds available for purchase at par in United States Notes, the limitations of the legal tender status were quite controversial. This controversy would continue until the removal of the exceptions during 1933, the largest amount of greenbacks outstanding at any one time was calculated as $447,300,203.10
15.
Martha Washington
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Martha Washington was the wife of George Washington, the first president of the United States. Although the title was not coined until after her death, Martha Washington is considered to be the first First Lady of the United States, during her lifetime she was often referred to as Lady Washington. Widowed at 25, she had four children with her first husband Daniel Parke Custis, two of her children by Custis survived to young adulthood. She brought great wealth to her marriage to Washington, which enabled him to buy land and she also brought nearly 100 dower slaves for her use during her lifetime, they and their descendants reverted to her first husbands estate at her death and were inherited by his heirs. She and Washington did not have children together but they did rear her two children by Daniel Parke Custis, including son John Jacky Parke Custis, as well as helped both of their extended families. Martha Dandridge was born on June 2,1731 on her parents plantation Chestnut Grove in the British colony, Province of Virginia. She was the oldest daughter of John Dandridge, a Virginia planter and immigrant from England, by his wife Frances Jones, who was of American birth and English, Welsh, and French descent. Martha had three brothers and four sisters, John, William, Bartholomew, Anna Marie Fanny Bassett, Frances Dandridge, Elizabeth Aylet Henley, Marthas father may also have fathered an out-of-wedlock half-brother to Martha named Ralph Dandridge, who was probably white. They had four children together, Daniel, Frances, John, Daniel and Frances died in childhood. The other two children, John Parke Custis and Martha Parke Custis, survived to young adulthood, in all, she was left in custody of some 17,500 acres of land and 300 slaves, apart from other investments and cash. According to her biographist, she ran the five plantations left to her when her first husband died. Martha Dandridge Custis, age 27, and George Washington, age nearly 27, married on January 6,1759, as a man who lived and owned property in the area, Washington likely knew both Martha and Daniel Parke Custis for some time before Daniels death. During March 1758 he visited her twice at White House, the time he came away with either an engagement of marriage or at least her promise to think about his proposal. At the time, she was also being courted by the planter Charles Carter, Washingtons suit was of blue and silver cloth with red trimming and gold knee buckles. The bride wore purple silk shoes with spangled buckles, which are displayed at Mount Vernon. The couple honeymooned at White House for several weeks before setting up house at Washingtons Mount Vernon estate and they appeared to have had a solid marriage. Martha and George Washington had no children together, but they raised Marthas two surviving children and her daughter, nicknamed Patsy, died as a teenager during an epileptic seizure, classed as SUDEP. John Parke Jacky Custis returned from college to comfort his mother, Custis later married and had children, he served as an aide to Washington during the siege of Yorktown in 1781 during the American Revolutionary War
16.
Educational Series
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The notes depict various allegorical motifs and are considered by some numismatists to be the most beautiful monetary designs ever produced by the United States. The obverse of the notes depict a neoclassical allegorical motif, which dominates the front of the note, the motifs are meant as representations of the theme written on the note. The back contained the profiles of two American figures set against an ornate background, denominations of $1, $2, and $5 were produced. In addition to $1, $2 and $5 notes denominations of $10, $20, $50, designs for a $10 and $50 denomination were being prepared but were never completed or produced before the series was abandoned and replaced by the series of 1899. The term Educational is derived from the title of the vignette on the $1 note, smillie Border Engraver, Charles Schlecht Rear Back Designer, Thomas F. Morris Robert Fulton and Samuel F. B. Smillie Border Engraver, Thomas F. Morris Rear Back Designer, Lorenzo J. Hatch and Thomas F. Morris Rear Back Engraver, some bankers reportedly refused to accept the notes in transactions, and the term banned in Boston allegedly originates from the $5 silver certificate. In response the Bureau of Engraving and Printing prepared a draped bosom $5 vignette design for a proposed 1897 series, the redesign also included a highly modified front face but was never utilized. Also for the first time in 1893, Bureau authorities invited a group of outside artists. The presence of the group caused tremendous creative problems within the BEP. Great personality conflicts and jealousy could be one reason that although the $1 design was approved in July 1894 the remaining two notes were not accepted until late 1895, at one point during the process BEP designer Thomas Morris resigned. Coupled with being banned in Boston the notes were replaced by the Series of 1899 notes. ISBN 0-7948-1786-6 FRBSF Currency Exhibit Portions of this article used material from the Federal Reserve Bank of San Francisco website, which is in the public domain
17.
Salmon P. Chase
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Salmon Portland Chase was an American politician and jurist who served as the sixth Chief Justice of the United States from 1864 to his death in 1873. Earlier in his career, Chase was the 23rd Governor of Ohio, senator from Ohio prior to service under Abraham Lincoln as the 25th Secretary of the Treasury. As Secretary of the Treasury, Chase strengthened the government, introducing its first paper currency as well as a national bank. He coined the slogan of the Free Soil Party, Free Soil, Free Labor, Chief Justice Chase presided over the Senate trial of Andrew Johnson during the Presidents impeachment proceedings in 1868. Chase was born in Cornish, New Hampshire, on January 13,1808, to Janet Ralston and Ithamar Chase, senator Dudley Chase of Vermont was another uncle. He studied in the schools of Windsor, Vermont, and Worthington, Ohio. He was a member of the Alpha Delta Phi Fraternity and Phi Beta Kappa, while at Dartmouth, he taught at the Royalton Academy in Royalton, Vermont. Chase then moved to the District of Columbia, where he opened a school while studying law under U. S. Attorney General William Wirt. He was admitted to the bar in 1829, Chase moved to a country home near Loveland, Ohio, and practiced law in Cincinnati from 1830. He rose to prominence for his compilation of the states statutes. From the beginning, despite the risk to his livelihood, he defended runaway slaves and he worked initially with the American Sunday School Union. Chase was also a member of the literary Semi-Colon Club, its members included Harriet Beecher Stowe, Chase became the leader of the political reformers, as opposed to the Garrisonian abolitionist movement. For his defense of escaped slaves seized in Ohio under the Fugitive Slave Law of 1793 and his argument in the case of Jones v. Van Zandt on the constitutionality of fugitive slave laws before the U. S. Supreme Court attracted particular attention. In this and similar cases, the court ruled against him, Chase contended that slavery was local, not national, and that it could exist only by virtue of positive state law. Elected as a Whig to the Cincinnati City Council in 1840, for seven years he was the leader of the Liberty Party in Ohio. He helped balance its idealism with his approach and political thought. He was skillful in drafting platforms and addresses, and he prepared the national Liberty platform of 1843, building the Liberty Party was slow going. By 1848 Chase was leader in the effort to combine the Liberty Party with the Barnburners or Van Buren Democrats of New York to form the Free Soil Party
18.
Secretary of the Treasury
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This position in the Federal Government of the United States is analogous to the Minister of Finance in many other countries. The Secretary of the Treasury is a member of the Presidents Cabinet, nominees for The Secretary of the Treasury undergo a confirmation hearing before the United States Senate Committee on Finance before being confirmed by the United States Senate. The Secretary of the Treasury is a member of the U. S. National Security Council. The Secretary along with the Treasurer must sign Federal Reserve notes before they can become legal tender, the Secretary also manages the United States Emergency Economic Stabilization fund. Most of the Departments law enforcement agencies such as the U. S. Customs Service, the Bureau of Alcohol, Tobacco, Firearms and Explosives, secret Service were reassigned to other Departments in 2003 in conjunction with the creation of the Department of Homeland Security. The Secretary of the Treasury salary is $205,700 annually,2 Deputy Secretary of the Treasury M. Peter McPherson served as Acting Secretary of the Treasury from August 17,1988, to September 15,1988. 4 Deputy Secretary of the Treasury Kenneth W. Dam served as Acting Secretary of the Treasury from December 31,2002,5 Deputy Secretary of the Treasury Robert M. Kimmitt served as Acting Secretary of the Treasury from June 30,2006, to July 9,2006. 7 Deputy Secretary of the Treasury Neal Wolin served as Acting Secretary of the Treasury from January 25,2013, as of April 2017, there are eleven living former Secretaries of the Treasury, the oldest being George P. Shultz. The most recent Secretary of the Treasury to die was Lloyd M. Bentsen, United States Department of the Treasury
19.
Abraham Lincoln
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Abraham Lincoln was an American politician and lawyer who served as the 16th President of the United States from March 1861 until his assassination in April 1865. Lincoln led the United States through its Civil War—its bloodiest war and perhaps its greatest moral, constitutional, in doing so, he preserved the Union, abolished slavery, strengthened the federal government, and modernized the economy. Born in Hodgenville, Kentucky, Lincoln grew up on the frontier in Kentucky. Largely self-educated, he became a lawyer in Illinois, a Whig Party leader, elected to the United States House of Representatives in 1846, Lincoln promoted rapid modernization of the economy through banks, tariffs, and railroads. Reentering politics in 1854, he became a leader in building the new Republican Party, in 1860, Lincoln secured the Republican Party presidential nomination as a moderate from a swing state. Though he gained little support in the slaveholding states of the South. Subsequently, on April 12,1861, a Confederate attack on Fort Sumter inspired the North to enthusiastically rally behind the Union. Politically, Lincoln fought back by pitting his opponents against each other, by carefully planned political patronage and his Gettysburg Address became an iconic endorsement of the principles of nationalism, republicanism, equal rights, liberty, and democracy. Lincoln initially concentrated on the military and political dimensions of the war and his primary goal was to reunite the nation. He suspended habeas corpus, leading to the ex parte Merryman decision. Lincoln closely supervised the war effort, especially the selection of top generals, including his most successful general, Lincoln tried repeatedly to capture the Confederate capital at Richmond, each time a general failed, Lincoln substituted another, until finally Grant succeeded. As the war progressed, his moves toward ending slavery included the Emancipation Proclamation of 1863. On April 14,1865, five days after the surrender of Confederate commanding general Robert E. Lee, Lincoln was assassinated by John Wilkes Booth, a Confederate sympathizer. Secretary of War Edwin Stanton launched a manhunt for Booth, and 12 days later on April 26, Lincoln has been consistently ranked both by scholars and the public as among the greatest U. S. presidents. Abraham Lincoln was born February 12,1809, the child of Thomas and Nancy Hanks Lincoln, in a one-room log cabin on the Sinking Spring Farm near Hodgenville. He was a descendant of Samuel Lincoln, an Englishman who migrated from Hingham, Norfolk to its namesake of Hingham, samuels grandson and great-grandson began the familys western migration, which passed through New Jersey, Pennsylvania, and Virginia. Lincolns paternal grandfather and namesake, Captain Abraham Lincoln, moved the family from Virginia to Jefferson County, Captain Lincoln was killed in an Indian raid in 1786. His children, including eight-year-old Thomas, the presidents father
20.
Vignetting
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In photography and optics, vignetting is a reduction of an images brightness or saturation at the periphery compared to the image center. The word vignette, from the root as vine, originally referred to a decorative border in a book. Later, the word came to be used for a portrait which is clear in the center. A similar effect occurs when photographing projected images or movies off a projection screen, vignetting is often an unintended and undesired effect caused by camera settings or lens limitations. However, it is deliberately introduced for creative effect, such as to draw attention to the center of the frame. A photographer may deliberately choose a lens which is known to produce vignetting to obtain the effect, when using superzoom lenses, vignetting may occur all along the zoom range, depending on the aperture and the focal length. However, it may not always be visible, except at the widest end, in these cases, vignetting may cause an exposure value difference of up to 0. 75EV. There are several causes of vignetting and this has the effect of changing the entrance pupil shape as a function of angle. Darkening can be gradual or abrupt – the smaller the aperture, when some points on an image receives no light at all due to mechanical vignetting, then this results in an restriction of the field of view – parts of the image are then completely black. This type of vignetting is caused by the dimensions of a multiple element lens. Rear elements are shaded by elements in front of them, which reduces the lens opening for off-axis incident light. The result is a decrease in light intensity towards the image periphery. Optical vignetting is sensitive to the aperture and can often be cured by a reduction in aperture of 2–3 stops. Unlike the previous types, natural vignetting is not due to the blocking of light rays, the falloff is approximated by the cos4 or cosine fourth law of illumination falloff. Here, the light falloff is proportional to the power of the cosine of the angle at which the light impinges on the film or sensor array. Wideangle rangefinder designs and the designs used in compact cameras are particularly prone to natural vignetting. Telephoto lenses, retrofocus wideangle lenses used on SLR cameras, a gradual grey filter or postprocessing techniques may be used to compensate for natural vignetting, as it cannot be cured by stopping down the lens. Some modern lenses are designed so that the light strikes the image parallel or nearly so
21.
Christopher Columbus
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Christopher Columbus was an Italian explorer, navigator, colonizer, and citizen of the Republic of Genoa. Under the auspices of the Catholic Monarchs of Spain, he completed four voyages across the Atlantic Ocean and those voyages and his efforts to establish permanent settlements on the island of Hispaniola initiated the European colonization of the New World. Western imperialism and economic competition were emerging among European kingdoms through the establishment of routes and colonies. During his first voyage in 1492, he reached the New World instead of arriving at Japan as he had intended, landing on an island in the Bahamas archipelago that he named San Salvador. Over the course of three voyages, he visited the Greater and Lesser Antilles, as well as the Caribbean coast of Venezuela and Central America. These voyages had, therefore, an impact in the historical development of the modern Western world. He spearheaded the transatlantic trade and has been accused by several historians of initiating the genocide of the Hispaniola natives. Columbus himself saw his accomplishments primarily in the light of spreading the Christian religion, Columbus never admitted that he had reached a continent previously unknown to Europeans, rather than the East Indies for which he had set course. He called the inhabitants of the lands that he visited indios, the name Christopher Columbus is the Anglicisation of the Latin Christophorus Columbus. His name in Italian is Cristoforo Colombo and, in Spanish and he was born before 31 October 1451 in the territory of the Republic of Genoa, though the exact location remains disputed. His father was Domenico Colombo, a wool weaver who worked both in Genoa and Savona and who also owned a cheese stand at which young Christopher worked as a helper. Bartolomeo, Giovanni Pellegrino, and Giacomo were his brothers, Bartolomeo worked in a cartography workshop in Lisbon for at least part of his adulthood. He also had a sister named Bianchinetta, Columbus never wrote in his native language, which is presumed to have been a Genoese variety of Ligurian. In one of his writings, he says he went to sea at the age of 10, in 1470, the Columbus family moved to Savona, where Domenico took over a tavern. In the same year, Christopher was on a Genoese ship hired in the service of René of Anjou to support his attempt to conquer the Kingdom of Naples. Some modern historians have argued that he was not from Genoa but, instead and these competing hypotheses have generally been discounted by mainstream scholars. In 1473, Columbus began his apprenticeship as business agent for the important Centurione, Di Negro, later, he allegedly made a trip to Chios, an Aegean island then ruled by Genoa. In May 1476, he took part in a convoy sent by Genoa to carry valuable cargo to northern Europe
22.
Allegory
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As a literary device, an allegory is a metaphor whose vehicle may be a character, place or event, representing real-world issues and occurrences. Many ancient religions are based on astrological allegories, that is, allegories of the movement of the sun, in classical literature two of the best-known allegories are the Cave in Platos Republic and the story of the stomach and its members in the speech of Menenius Agrippa. One of the examples of allegory, Platos Allegory of the Cave. In this allegory, Plato describes a group of people who have lived chained in an all of their lives. The people watch shadows projected on the wall by things passing in front of a fire behind them and begin to ascribe forms to these shadows, using language to identify their world. He tries to tell the people in the cave of his discovery, also allegorical is Ezekiel 16 and 17, wherein the capture of that same vine by the mighty Eagle represents Israels exile to Rome. Allegory has an ability to freeze the temporality of a story, Mediaeval thinking accepted allegory as having a reality underlying any rhetorical or fictional uses. The allegory was as true as the facts of surface appearances, if, then, the Greeks or others say that they were not committed to the care of Peter and his successors, they necessarily confess that they are not of the sheep of Christ. This text also demonstrates the frequent use of allegory in religious texts during the Mediaeval Period, following the tradition, since meaningful stories are nearly always applicable to larger issues, allegories may be read into many stories which the author may not have recognised. This is allegoresis, or the act of reading a story as an allegory. S, lewis and A Kingdom Far and Clear, The Complete Swan Lake Trilogy by Mark Helprin. The story of the apple falling onto Isaac Newtons head is another famous allegory and it simplified the idea of gravity by depicting a simple way it was supposedly discovered. It also made the scientific revelation well known by condensing the theory into a short tale. According to Henry Littlefields 1964 article, L. Yet, George MacDonald emphasised in 1893 that, A fairy tale is not an allegory, I much prefer history – true or feigned– with its varied applicability to the thought and experience of readers. I think that many confuse applicability with allegory, but the one resides in the freedom of the reader, and this further reinforces the idea of forced allegoresis, as allegory is often a matter of interpretation and only sometimes of original artistic intention. Like allegorical stories, allegorical poetry has two meanings – a literal meaning and a symbolic meaning, some unique specimens of allegory can be found in the following works, Edmund Spenser – The Faerie Queene, The several knights in the poem actually stand for several virtues. Nathaniel Hawthorne – Young Goodman Brown, The Devils Staff symbolises defiance of God, the characters names, such as Goodman and Faith, ironically serve as paradox in the conclusion of the story. Nathaniel Hawthorne – The Scarlet Letter, The scarlet letter symbolises many things, the characters, while developed with interiority, are allegorical in that they represent ways of seeing the world. George Orwell – Animal Farm, The pigs stand for political figures of the Russian Revolution, lászló Krasznahorkai - The Melancholy of Resistance and the film Werckmeister Harmonies, It uses a circus to describe an occupying dysfunctional government
23.
Washington, D.C.
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Washington, D. C. formally the District of Columbia and commonly referred to as Washington, the District, or simply D. C. is the capital of the United States. The signing of the Residence Act on July 16,1790, Constitution provided for a federal district under the exclusive jurisdiction of the Congress and the District is therefore not a part of any state. The states of Maryland and Virginia each donated land to form the federal district, named in honor of President George Washington, the City of Washington was founded in 1791 to serve as the new national capital. In 1846, Congress returned the land ceded by Virginia, in 1871. Washington had an population of 681,170 as of July 2016. Commuters from the surrounding Maryland and Virginia suburbs raise the population to more than one million during the workweek. The Washington metropolitan area, of which the District is a part, has a population of over 6 million, the centers of all three branches of the federal government of the United States are in the District, including the Congress, President, and Supreme Court. Washington is home to national monuments and museums, which are primarily situated on or around the National Mall. The city hosts 176 foreign embassies as well as the headquarters of international organizations, trade unions, non-profit organizations, lobbying groups. A locally elected mayor and a 13‑member council have governed the District since 1973, However, the Congress maintains supreme authority over the city and may overturn local laws. D. C. residents elect a non-voting, at-large congressional delegate to the House of Representatives, the District receives three electoral votes in presidential elections as permitted by the Twenty-third Amendment to the United States Constitution, ratified in 1961. Various tribes of the Algonquian-speaking Piscataway people inhabited the lands around the Potomac River when Europeans first visited the area in the early 17th century, One group known as the Nacotchtank maintained settlements around the Anacostia River within the present-day District of Columbia. Conflicts with European colonists and neighboring tribes forced the relocation of the Piscataway people, some of whom established a new settlement in 1699 near Point of Rocks, Maryland. 43, published January 23,1788, James Madison argued that the new government would need authority over a national capital to provide for its own maintenance. Five years earlier, a band of unpaid soldiers besieged Congress while its members were meeting in Philadelphia, known as the Pennsylvania Mutiny of 1783, the event emphasized the need for the national government not to rely on any state for its own security. However, the Constitution does not specify a location for the capital, on July 9,1790, Congress passed the Residence Act, which approved the creation of a national capital on the Potomac River. The exact location was to be selected by President George Washington, formed from land donated by the states of Maryland and Virginia, the initial shape of the federal district was a square measuring 10 miles on each side, totaling 100 square miles. Two pre-existing settlements were included in the territory, the port of Georgetown, Maryland, founded in 1751, many of the stones are still standing
24.
United States Capitol
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The United States Capitol, often called the Capitol Building or Capitol Hill, is the home of the United States Congress, and the seat of the legislative branch of the U. S. federal government. It sits atop Capitol Hill at the end of the National Mall in Washington. Though not at the center of the Federal District, the Capitol forms the origin point for the Districts street-numbering system. The original building was completed in 1800 and was subsequently expanded, like the principal buildings of the executive and judicial branches, the Capitol is built in a distinctive neoclassical style and has a white exterior. Both its east and west elevations are referred to as fronts, though only the east front was intended for the reception of visitors. In 2014, scaffolding was erected around the dome for a project scheduled to be completed by early 2017. All exterior scaffolding was removed by the end of summer 2016, prior to establishing the nations capital in Washington, D. C. the United States Congress and its predecessors had met in Philadelphia, New York City, and a number of other locations. In September 1774, the First Continental Congress brought together delegates from the colonies in Philadelphia, followed by the Second Continental Congress, Congress requested that John Dickinson, the Governor of Pennsylvania, call up the militia to defend Congress from attacks by the protesters. In what became known as the Pennsylvania Mutiny of 1783, Dickinson sympathized with the protesters and refused to remove them from Philadelphia. As a result, Congress was forced to flee to Princeton, New Jersey, on June 21,1783, and met in Annapolis, Maryland, the United States Congress was established upon ratification of the United States Constitution and formally began on March 4,1789. New York City remained home to Congress until July 1790, when the Residence Act was passed to pave the way for a permanent capital. As part of the legislation, Philadelphia was chosen as a capital for ten years, until the nations capital in Washington. Pierre Charles LEnfant was given the task of creating the city plan for the new capital city, in reviewing LEnfants plan, Thomas Jefferson insisted the legislative building be called the Capitol rather than Congress House. The word Capitol comes from Latin and is associated with the Temple of Jupiter Optimus Maximus on Capitoline Hill, the connection between the two is not, however, crystal clear. In spring 1792, United States Secretary of State Thomas Jefferson proposed a competition to solicit designs for the Capitol and the Presidents House. The prize for the competition was $500 and a lot in the Federal City, the most promising of the submissions was by Stephen Hallet, a trained French architect. However, Hallets designs were overly fancy, with too much French influence, a late entry by amateur architect William Thornton was submitted on January 31,1793, to much praise for its Grandeur, Simplicity, and Beauty by Washington, along with praise from Thomas Jefferson. Thornton was inspired by the east front of the Louvre, as well as the Paris Pantheon for the portion of the design
25.
Bald eagle
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The bald eagle is a bird of prey found in North America. A sea eagle, it has two subspecies and forms a species pair with the white-tailed eagle. Its range includes most of Canada and Alaska, all of the contiguous United States and it is found near large bodies of open water with an abundant food supply and old-growth trees for nesting. The bald eagle is a feeder which subsists mainly on fish. It builds the largest nest of any North American bird and the largest tree nests ever recorded for any species, up to 4 m deep,2.5 m wide. Sexual maturity is attained at the age of four to five years, Bald eagles are not actually bald, the name derives from an older meaning of the word, white headed. The adult is brown with a white head and tail. The sexes are identical in plumage, but females are about 25 percent larger than males, the beak is large and hooked. The plumage of the immature is brown, the bald eagle is both the national bird and national animal of the United States of America. The bald eagle appears on its seal, in the late 20th century it was on the brink of extirpation in the contiguous United States. Populations have since recovered and the species was removed from the U. S. governments list of endangered species on July 12,1995 and it was removed from the List of Endangered and Threatened Wildlife in the Lower 48 States on June 28,2007. The plumage of an bald eagle is evenly dark brown with a white head. The tail is long and slightly wedge-shaped. Males and females are identical in coloration, but sexual dimorphism is evident in the species. The beak, feet and irises are bright yellow, the legs are feather-free, and the toes are short and powerful with large talons. The highly developed talon of the toe is used to pierce the vital areas of prey while it is held immobile by the front toes. The beak is large and hooked, with a yellow cere, the adult bald eagle is unmistakable in its native range. The closely related African fish eagle also has a body, white head and tail
26.
Flag of the United States
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The flag of the United States, often referred to as the American flag, is the national flag of the United States. S. Nicknames for the flag include The Stars and Stripes, Old Glory, the current design of the U. S. flag is its 27th, the design of the flag has been modified officially 26 times since 1777. The 48-star flag was in effect for 47 years until the 49-star version became official on July 4,1959, the 50-star flag was ordered by the then president Eisenhower on August 21,1959, and was adopted in July 1960. It is the version of the U. S. flag and has been in use for over 56 years. At the time of the Declaration of Independence in July 1776, the flag contemporaneously known as the Continental Colors has historically been referred to as the first national flag. The name Grand Union was first applied to the Continental Colors by George Preble in his 1872 history of the American flag, the flag closely resembles the British East India Company flag of the era, and Sir Charles Fawcett argued in 1937 that the company flag inspired the design. Both flags could have been constructed by adding white stripes to a British Red Ensign. However, an East India Company flag could have nine to 13 stripes. In any case, both the stripes and the stars have precedents in classical heraldry, Flag Day is now observed on June 14 of each year. While scholars still argue about this, tradition holds that the new flag was first hoisted in June 1777 by the Continental Army at the Middlebrook encampment. The first official U. S. flag flown during battle was on August 3,1777, Massachusetts reinforcements brought news of the adoption by Congress of the official flag to Fort Schuyler. A voucher is extant that Capt. Swartwout of Dutchess County was paid by Congress for his coat for the flag, the 1777 resolution was most probably meant to define a naval ensign. In the late 18th century, the notion of a flag did not yet exist. The flag resolution appears between other resolutions from the Marine Committee, on May 10,1779, Secretary of the Board of War Richard Peters expressed concern it is not yet settled what is the Standard of the United States. However, the term, Standard, referred to a standard for the Army of the United States. Each regiment was to carry the standard in addition to its regimental standard. The national standard was not a reference to the national or naval flag, the appearance was up to the maker of the flag. Some flag makers arranged the stars into one big star, in a circle or in rows, one arrangement features 13 five-pointed stars arranged in a circle, with the stars arranged pointing outwards from the circle, the so-called Betsy Ross flag
27.
Ulysses S. Grant
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Ulysses S. Grant was the 18th President of the United States. As Commanding General, Grant worked closely with President Abraham Lincoln to lead the Union Army to victory over the Confederacy in the American Civil War and he implemented Congressional Reconstruction, often at odds with President Andrew Johnson. His presidency has often criticized for tolerating corruption and for the severe economic depression in his second term. Grant graduated in 1843 from the United States Military Academy at West Point, after the war he married Julia Boggs Dent in 1848, their marriage producing four children. Grant initially retired from the Army in 1854 and he struggled financially in civilian life. When the Civil War began in 1861, he rejoined the U. S. Army, in 1862, Grant took control of Kentucky and most of Tennessee, and led Union forces to victory in the Battle of Shiloh, earning a reputation as an aggressive commander. He incorporated displaced African American slaves into the Union war effort, in July 1863, after a series of coordinated battles, Grant defeated Confederate armies and seized Vicksburg, giving the Union control of the Mississippi River and dividing the Confederacy in two. After his victories in the Chattanooga Campaign, Lincoln promoted him to lieutenant general, Grant confronted Robert E. Lee in a series of bloody battles, trapping Lees army in their defense of Richmond. Grant coordinated a series of devastating campaigns in other theaters, as well, in April 1865, Lee surrendered to Grant at Appomattox, effectively ending the war. Historians have hailed Grants military genius, and his strategies are featured in history textbooks. After the Civil War, Grant led the armys supervision of Reconstruction in the former Confederate states and he also used the army to build the Republican Party in the South. After the disenfranchisement of some former Confederates, Republicans gained majorities, in his second term, the Republican coalitions in the South splintered and were defeated one by one as redeemers regained control using coercion and violence. In May 1875, Grant authorized his Secretary of Treasury Benjamin Bristow to shut down and his peace policy with the Indians initially reduced frontier violence, but is best known for the Great Sioux War of 1876. Grant responded to charges of corruption in executive offices more than any other 19th Century president and he appointed the first Civil Service Commission and signed legislation ending the corrupt moiety system. In foreign policy, Grant sought to trade and influence while remaining at peace with the world. His administration successfully resolved the Alabama claims by the Treaty of Washington with Great Britain, Grant avoided war with Spain over the Virginius Affair, but Congress rejected his attempted annexation of the Dominican Republic. His administration implemented a standard and sought to strengthen the dollar. Grant left office in 1877 and embarked on a two-year diplomatic world tour that captured the nations attention, in 1880, Grant was unsuccessful in obtaining the Republican presidential nomination for a third term
28.
Federal Reserve Bank Note
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They had the same value as other kinds of notes of similar face value. Federal Reserve Bank Notes differ from Federal Reserve Notes in that they are backed by one of the twelve Federal Reserve Banks, rather than by all collectively. They were backed in a way to National Bank Notes, using U. S. bonds. Federal Reserve Bank Notes are no longer issued, the only U. S. banknotes still in production since 1971 are the Federal Reserve Notes, additional denominations of $1, $2, and $50 were issued in 1918. Small size Federal Reserve Bank Notes were printed as an issue in 1933 using the same paper stock as National Bank Notes. They were printed in denominations of $5 through $100, a National Bank Note has a line for the national banks presidents signature. The small size Federal Reserve Bank Note printed a bar over the label for this line since Federal Reserve Banks had governors, not presidents. The wording also was changed to add, Or by like deposit of other securities after the phrase, the twelve Federal Reserve Districts also appear on the bills as black alphabetically sequenced letters, from A to L, a system essentially followed today on the $1 and $2 bills. This emergency issue was prompted by the hoarding of cash because of the many bank failures happening at the time. This also limited the ability of the National Banks to issue notes of their own, small size Federal Reserve Bank Notes were discontinued in 1934 and no longer available from banks since 1945. As small size notes, they have brown seals and serial numbers, but while they look very similar, and both say National Currency across the top of the obverse, the issuers were not the same and they are considered to be distinctly different types of bills
29.
Series of 1928 (United States Currency)
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The Series of 1928 was the first issue of small-size currency printed and released by the U. S. government. These notes, first released to the public on July 10,1929, were the first standardized notes in terms of design and characteristics, featuring similar portraits and other facets. This was the type of currency that, at first. These notes also carried a seal bearing the identity of the Federal Reserve Bank of issuance, the bank was noted in the black, circular seal to the left of the portrait. This can be seen in the picture at the upper right, the Federal Reserve Bank of Chicago, responsible for the 7th district of the Federal Reserve System, issued this note. The regional seal is a design unique to Federal Reserve Notes. While these notes were issued by the Federal Reserve Banks, they were still obligations of the U. S. Government, as stated, The United States of America will pay to the bearer on demand dollars. This obligation to exchange FRNs for gold ended in the early 1930s as the United States outlawed the private ownership of gold, the $5, $10, and $20 denominations were the first to be issued. Series of 1928A for $5, $10, and $20 resulted from a signature change, the four corner numbers were aligned vertically, as well, causing a shift in plate position letters on certain denominations. Series of 1928C included only fives, tens, and twenties and this series of notes saw very low printing figures, as only certain districts issued notes. This series, the result of a change, is also known for its specific light green Treasury Seal variety. Series of 1928D, also the result of a change, included only fives. These notes are among the rarest small-size notes in existence today, all banknotes in the following table are Series of 1928 Federal Reserve Notes from the National Numismatic Collection at the National Museum of American History. Series of 1928 United States Notes were issued in $2 and $5 denominations until the early 1950s, also, for a brief period in 1933, Series of 1928 $1 United States Notes were issued as a response to the Great Depression. Most of these remained in storage before being released in Puerto Rico during 1948-9, Series of 1928 through 1928E silver certificates were only issued in the $1 denomination. The design closely followed the 1923 $1 Silver Certificate,1928 saw the last issuance of Gold Certificates to the public prior to their confiscation during the Great Depression
30.
Puerto Rico
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Puerto Rico, officially the Commonwealth of Puerto Rico and briefly called Porto Rico, is an unincorporated territory of the United States located in the northeast Caribbean Sea. It is an archipelago that includes the island of Puerto Rico and a number of smaller ones such as Mona, Culebra. The capital and most populous city is San Juan and its official languages are Spanish and English, though Spanish predominates. The islands population is approximately 3.4 million, Puerto Ricos rich history, tropical climate, diverse natural scenery, renowned traditional cuisine, and attractive tax incentives make it a popular destination for travelers from around the world. Four centuries of Spanish colonial government transformed the ethnic, cultural and physical landscapes primarily with waves of African captives, and Canarian. In the Spanish imperial imagination, Puerto Rico played a secondary, in 1898, following the Spanish–American War, the United States appropriated Puerto Rico together with most former Spanish colonies under the terms of the Treaty of Paris. Puerto Ricans are natural-born citizens of the United States, however, Puerto Rico does not have a vote in the United States Congress, which governs the territory with full jurisdiction under the Puerto Rico Federal Relations Act of 1950. As a U. S. territory, American citizens residing on the island are disenfranchised at the level and may not vote for president. However, Congress approved a constitution, allowing U. S. citizens on the territory to elect a governor. A fifth referendum will be held in June 2017, with only Statehood, in early 2017, the Puerto Rican government-debt crisis posed serious problems for the government. The outstanding bond debt that had climbed to $70 billion or $12,000 per capita at a time with 12. 4% unemployment, the debt had been increasing during a decade long recession. Puerto Ricans often call the island Borinquen – a derivation of Borikén, its indigenous Taíno name, the terms boricua and borincano derive from Borikén and Borinquen respectively, and are commonly used to identify someone of Puerto Rican heritage. The island is also known in Spanish as la isla del encanto. Columbus named the island San Juan Bautista, in honor of Saint John the Baptist, eventually traders and other maritime visitors came to refer to the entire island as Puerto Rico, while San Juan became the name used for the main trading/shipping port and the capital city. The islands name was changed to Porto Rico by the United States after the Treaty of Paris of 1898, the anglicized name was used by the US government and private enterprises. The name was changed back to Puerto Rico by a joint resolution in Congress introduced by Félix Córdova Dávila in 1931, the ancient history of the archipelago known today as Puerto Rico is not well known. The scarce archaeological findings and early Spanish scholarly accounts from the colonial era constitute the basis of knowledge about them. The first comprehensive book on the history of Puerto Rico was written by Fray Íñigo Abbad y Lasierra in 1786, the first settlers were the Ortoiroid people, an Archaic Period culture of Amerindian hunters and fishermen who migrated from the South American mainland
31.
World War II
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World War II, also known as the Second World War, was a global war that lasted from 1939 to 1945, although related conflicts began earlier. It involved the vast majority of the worlds countries—including all of the great powers—eventually forming two opposing alliances, the Allies and the Axis. It was the most widespread war in history, and directly involved more than 100 million people from over 30 countries. Marked by mass deaths of civilians, including the Holocaust and the bombing of industrial and population centres. These made World War II the deadliest conflict in human history, from late 1939 to early 1941, in a series of campaigns and treaties, Germany conquered or controlled much of continental Europe, and formed the Axis alliance with Italy and Japan. Under the Molotov–Ribbentrop Pact of August 1939, Germany and the Soviet Union partitioned and annexed territories of their European neighbours, Poland, Finland, Romania and the Baltic states. In December 1941, Japan attacked the United States and European colonies in the Pacific Ocean, and quickly conquered much of the Western Pacific. The Axis advance halted in 1942 when Japan lost the critical Battle of Midway, near Hawaii, in 1944, the Western Allies invaded German-occupied France, while the Soviet Union regained all of its territorial losses and invaded Germany and its allies. During 1944 and 1945 the Japanese suffered major reverses in mainland Asia in South Central China and Burma, while the Allies crippled the Japanese Navy, thus ended the war in Asia, cementing the total victory of the Allies. World War II altered the political alignment and social structure of the world, the United Nations was established to foster international co-operation and prevent future conflicts. The victorious great powers—the United States, the Soviet Union, China, the United Kingdom, the Soviet Union and the United States emerged as rival superpowers, setting the stage for the Cold War, which lasted for the next 46 years. Meanwhile, the influence of European great powers waned, while the decolonisation of Asia, most countries whose industries had been damaged moved towards economic recovery. Political integration, especially in Europe, emerged as an effort to end pre-war enmities, the start of the war in Europe is generally held to be 1 September 1939, beginning with the German invasion of Poland, Britain and France declared war on Germany two days later. The dates for the beginning of war in the Pacific include the start of the Second Sino-Japanese War on 7 July 1937, or even the Japanese invasion of Manchuria on 19 September 1931. Others follow the British historian A. J. P. Taylor, who held that the Sino-Japanese War and war in Europe and its colonies occurred simultaneously and this article uses the conventional dating. Other starting dates sometimes used for World War II include the Italian invasion of Abyssinia on 3 October 1935. The British historian Antony Beevor views the beginning of World War II as the Battles of Khalkhin Gol fought between Japan and the forces of Mongolia and the Soviet Union from May to September 1939, the exact date of the wars end is also not universally agreed upon. It was generally accepted at the time that the war ended with the armistice of 14 August 1945, rather than the formal surrender of Japan
32.
Hawaii overprint note
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A Hawaii overprint note is one of a series of banknotes issued during World War II as an emergency issue after the attack on Pearl Harbor. The intent of the overprints was to easily distinguish US currency captured by Japanese forces in the event of an invasion of Hawaii, on June 25,1942, new overprinted notes were first issued. The hope was that should there have been a Japanese invasion, with this issue, military officials made the use of non-overprinted notes redundant and ordered all Hawaii residents to turn in unstamped notes for Hawaii-stamped notes by July 15. Starting from August 15,1942, no paper currency could be used except under special permission. At first, a crematorium was pressed into service to burn the notes. To ensure complete destruction, a fine mesh was placed on the top of the smokestacks to catch, progress on the destruction was slow, and pressed with time, the bigger furnaces of the Aiea sugar mill were requisitioned to help burn the currency. The notes and issuance continued in use until October 21,1944, by April 1946, many notes were saved as curios and souvenirs by servicemen. Of the series, the $5 note is considered the most desirable, over 35 million $1 notes were made, making them the most common of the series. Star notes exist for all the notes, and command a sizable premium, hawaiis Forgotten History, the good. the bad. the embarrassing. Friedberg, Arthur L. & Ira S, a Guide Book Of United States Paper Money, Complete Source for History, Grading, and Prices Whitman Publishing ISBN 0-7948-2362-9 Simpson, MacKinnon. Hawaii Homefront, Life in the Islands during World War II
33.
Hawaii
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Hawaii is the 50th and most recent state to have joined the United States of America, having received statehood on August 21,1959. Hawaii is the only U. S. state located in Oceania and it is the northernmost island group in Polynesia, occupying most of an archipelago in the central Pacific Ocean. Hawaii is the only U. S. state not located in the Americas, the state encompasses nearly the entire volcanic Hawaiian archipelago, which comprises hundreds of islands spread over 1,500 miles. At the southeastern end of the archipelago, the eight main islands are—in order from northwest to southeast, Niʻihau, Kauaʻi, Oʻahu, Molokaʻi, Lānaʻi, Kahoʻolawe, Maui, and the Island of Hawaiʻi. The last is the largest island in the group, it is called the Big Island or Hawaiʻi Island to avoid confusion with the state or archipelago. The archipelago is physiographically and ethnologically part of the Polynesian subregion of Oceania, Hawaii has over a million permanent residents, along with many visitors and U. S. military personnel. Its capital is Honolulu on the island of Oʻahu, Hawaii is the 8th-smallest and the 11th-least populous, but the 13th-most densely populated of the fifty U. S. states. It is the state with an Asian plurality. The states coastline is about 750 miles long, the fourth longest in the U. S. after the coastlines of Alaska, Florida, the state of Hawaii derives its name from the name of its largest island, Hawaiʻi. A common Hawaiian explanation of the name of Hawaiʻi is that was named for Hawaiʻiloa and he is said to have discovered the islands when they were first settled. The Hawaiian language word Hawaiʻi is very similar to Proto-Polynesian *Sawaiki, cognates of Hawaiʻi are found in other Polynesian languages, including Māori, Rarotongan and Samoan. According to linguists Pukui and Elbert, lsewhere in Polynesia, Hawaiʻi or a cognate is the name of the underworld or of the home, but in Hawaii. A somewhat divisive political issue arose in 1978 when the Constitution of the State of Hawaii added Hawaiian as an official state language. The title of the constitution is The Constitution of the State of Hawaii. Article XV, Section 1 of the Constitution uses The State of Hawaii, diacritics were not used because the document, drafted in 1949, predates the use of the okina and the kahakō in modern Hawaiian orthography. The exact spelling of the name in the Hawaiian language is Hawaiʻi. In the Hawaii Admission Act that granted Hawaiian statehood, the government recognized Hawaii as the official state name. Official government publications, department and office titles, and the Seal of Hawaii use the spelling with no symbols for glottal stops or vowel length
34.
Bureau of Engraving and Printing
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The BEP does not produce coins, all coinage is produced by the United States Mint. With production facilities in Washington, DC, and Fort Worth, Texas, the Bureau of Engraving and Printing has its origins in legislation enacted to help fund the Civil War. In July 1861, Congress authorized the Secretary of the Treasury to issue currency in lieu of coins due to the lack of funds needed to support the conflict. The paper notes were essentially government IOUs and were called Demand Notes because they were payable on demand in coin at certain Treasury facilities, at this time the government had no facility for the production of paper money so a private firm produced the Demand Notes in sheets of four. These sheets were then sent to the Treasury Department where dozens of clerks signed the notes and scores of workers cut the sheets, initially, the currency processing operations in the Treasury were not formally organized. For years, however, the operations were known by various semi-official labels, such as the Printing Bureau, Small Note Bureau, Currency Department. It was not until 1874 that the Bureau of Engraving and Printing was officially recognized in legislation with a specific allocation of operating funds for fiscal year 1875. From almost the beginning of its operations, the Bureau of Engraving and Printing designed and printed a variety of products in addition to currency. As early as 1864, the offices which would become the BEP made passports for the State Department. Passports are now produced by the Government Publishing Office, other early items produced by the BEP included various government debt instruments, such as interest-bearing notes, refunding certificates, compound interest Treasury notes, and bonds. The production of stamps began in 1894, and for almost the next century the BEP was the sole producer of postage stamps in the country. The Bureau of Engraving and Printing officially took over production of stamps for the United States government in July 1894. Paper currency was produced on hand presses around 1918, utilizing plates capable of printing four notes per sheet. The Bureau of Engraving and Printing officially took over production of stamps for the United States government in July 1894. The first of the works printed by the BEP was placed on sale on July 18,1894, and by the end of the first year of stamp production, the BEP had printed and delivered more than 2.1 billion stamps. The United States Postal Service switched purely to private postage stamp printers in 2005, starting in 2011 the United States Postal Service in housed all postage stamp printing services. Plate capacity on power presses increased from four to eight notes per sheet in 1918 in order to greatly expanded production requirements related to World War I. Due to this reduction in size, the Bureau was able to convert from eight-note printing plates to twelve-note plates, the redesign effort came about for several reasons, chief among them a reduction in paper costs and improved counterfeit deterrence through better public recognition of currency features
35.
Replacement banknote
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Also, since no two serial numbers can be the same, the bill is simply reprinted with a symbol in the serial number, identifying it as a replacement for an error note. Replacement bills have different symbols to mark the error around the world and this saves time and money compared to re-printing exactly the same serial number that was used before. It is rare that the replacement banknote has the serial number as the original faulty one. A replacement note will have its own numbering system that separates it from the normal numbering system. The United States uses, and Australia used until 1972, the * in the number to mark a replacement banknote. These are known as Star Notes, argentina uses R in the serial number to mark replacement banknotes. The Bahamas use Z in the number to mark replacement banknotes. Scotland, Hong Kong and Mongolia use ZZ in the number to mark replacement banknotes. Singapore uses Z/1 in the number to mark replacement banknotes. Sri Lanka uses Z in the number to mark replacement banknotes. Indonesia uses X in the number to mark replacement banknotes. Iraq uses prefix Letter/99 in the number to mark replacement banknotes. Zambia uses X3 in the number to mark replacement polymer banknotes. Malaysia uses Z in the number to mark replacement banknotes of the current series. Thailand uses 5 OS in the number to mark replacement polymer banknotes. Serbia uses ZA in the number to mark replacement banknotes. Different countries may also have their own numbering or marking schemes, there is no guaranteed way to know the rarity of replacement banknotes as they are only introduced to replace defective ones. Some banknote collectors go after these rather unusual banknotes as their specialty, both paper and polymer replacement notes exist as this control mechanism
36.
Federal Reserve Bank of Dallas
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The Federal Reserve Bank of Dallas covers the Eleventh Federal Reserve District, which includes Texas, northern Louisiana and southern New Mexico, a district sometimes referred to as the Oil Patch. The Federal Reserve Bank of Dallas is one of 12 regional Reserve Banks that, along with the Board of Governors in Washington, the Dallas Fed is the only one where all external branches reside in the same state. The Dallas Fed has branch offices in El Paso, Houston, the Dallas bank is located at 2200 Pearl St. in the Uptown neighborhood of Oak Lawn, just north of downtown Dallas and the Dallas Arts District. Prior to 1992, the bank was located at 400 S. Akard Street, the Dallas Fed also focused on research dealing with maquiladoras and other U. S. -Mexico border economics. The president is Robert Steven Kaplan, who replaced Richard W. Fisher in September 2015
37.
Web notes
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Web notes are a type of United States currency named after the web printing production method of printing on continuous rolls of paper. There are several types of web printing production methods, including offset, gravure, flexography, however high-pressure web intaglio printing, front and back of the intaglio process, was a totally new idea. The affected notes are dollar bills from Series 1988A, Series 1993 and they are legal tender and are not considered error notes, although they are valuable due to their rarity. BEP officials hoped that the test would replace the sheet fed intaglio presses by switching to a possibly quicker, alexander-Hamilton Web Currency Press was a true web currency press. There are several differences between the two types of presses, Sheet fed, Intaglio prints three times, once on each side for front and back, and then once more for seals, serial numbers, and plate numbers. 32 notes printed, in three stages Delivered over 8,000 sheets per hour, problems arose with the web press. The main drawback was its inability to sustain long continuous runs compared to the sheet fed method of intaglio printing, resulting in constant breakdown. In addition, the quality of the prints were compared to the established method. Due to these factors, the web press was discontinued in July 1996, a currency note that was printed on a web press can be identified by two distinct characteristics. The following images illustrate the differences, the top note in each image is a web note, the bottom note is a sheet fed note. On the web note, the plate number is just to the side of TRUST in the motto IN GOD WE TRUST. On the sheet fed note, the plate number is to the lower right corner of the central white space. Web notes were made for three series of dollar bills, of the series, Series 1988A bills hold the two key issues. Notes of the New York FRB and the Atlanta FRB are the two keys, FRBNY used the B-L serial number block, while FRBA used a Star Note serial number block, with the specific serial numbers in place of the dash. While an accurate print run has never disclosed by the BEP, estimates are 1,920,000 notes for the B-L serial number block for the FRBNY. FRBNY B-L notes can fetch from $300 for circulated examples, to $1,300 for uncirculated examples, FRBA F-* notes can fetch from $600 for circulated examples, to $1250 for uncirculated examples. A Guide Book of United States Paper Money, Complete Source for History, Grading, and Prices by Arthur L. Friedberg, Ira S. Friedberg, and Q. ISBN 0-7948-1786-6 Portions of this article use material from the Bureau of Engraving and Printing website, Money Facts, Intaglio Printing Money Facts, Web Press The web-press- About U. S
38.
Federal Reserve Bank of Philadelphia
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The Federal Reserve Bank of Philadelphia, also known as the Philadelphia Fed and the Philly Fed – headquartered at 10 N. Its geographical territory is by far the smallest in the system, the current President of the Philadelphia Fed is Patrick T. Harker. The Philadelphia Fed conducts research on both the national and regional economy, the Federal Reserve Bank of Philadelphia publishes a quarterly survey of professional economic forecasters, the Survey of Professional Forecasters, also called The Anxious Index. It is a highly predictive report on the prospects for the Economy of the United States and it also publishes a quarterly publication entitled Business Review. The Federal Reserve Bank of Philadelphia also publishes the Livingston Survey, the following people serve on the board of directors as of 2013, All terms expire December 31. Eastburn, former President of the Federal Reserve Bank of Philadelphia
39.
Offset printing
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Offset printing is a commonly used printing technique in which the inked image is transferred from a plate to a rubber blanket, then to the printing surface. The modern web process feeds a large reel of paper through a press machine in several parts, typically for several metres. Development of the press came in two versions, in 1875 by Robert Barclay of England for printing on tin, and in 1904 by Ira Washington Rubel of the United States for printing on paper. Lithography was initially created to be a method of reproducing artwork. This printing process was limited to use on flat, porous surfaces because the plates were produced from limestone. In fact, the word lithograph historically means an image from stone or printed from stone, tin cans were popular packaging materials in the 19th century, but transfer technologies were required before the lithographic process could be used to print on the tin. The first rotary offset lithographic printing press was created in England and this development combined mid-19th century transfer printing technologies and Richard March Hoes 1843 rotary printing press—a press that used a metal cylinder instead of a flat stone. The offset cylinder was covered with specially treated cardboard that transferred the image from the stone to the surface of the metal. Later, the covering of the offset cylinder was changed to rubber. As the 19th century closed and photography became popular, many lithographic firms went out of business, photoengraving, a process that used halftone technology instead of illustration, became the primary aesthetic of the era. Many printers, including Ira Washington Rubel of New Jersey, were using the low-cost lithograph process to produce copies of photographs, Rubel discovered in 1901—by forgetting to load a sheet—that when printing from the rubber roller, instead of the metal, the printed page was clearer and sharper. After further refinement, the Potter Press printing Company in New York produced a press in 1903, by 1907 the Rubel offset press was in use in San Francisco. The Harris Automatic Press Company also created a similar press around the same time, charles and Albert Harris modeled their press on a rotary letter press machine. One of the most important functions in the process is prepress production. This stage makes sure that all files are processed in preparation for printing. This includes converting to the proper CMYK color model, finalizing the files, Offset lithography is one of the most common ways of creating printed materials. A few of its common applications include, newspapers, magazines, brochures, stationery, compared to other printing methods, offset printing is best suited for economically producing large volumes of high quality prints in a manner that requires little maintenance. Many modern offset presses use computer-to-plate systems as opposed to the older computer-to-film work flows, advantages of offset printing compared to other printing methods include, consistent high image quality
40.
Intaglio (printmaking)
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Intaglio is the family of printing and printmaking techniques in which the image is incised into a surface and the incised line or sunken area holds the ink. It is the direct opposite of a relief print, normally, copper or zinc plates are used as a surface or matrix, and the incisions are created by etching, engraving, drypoint, aquatint or mezzotint. Collagraphs may also be printed as intaglio plates, in etching, for example, the plate is covered in a resin ground or an acid-resistant wax material. Using an etching needle, or a tool, the image is engraved into the ground. The plate is dipped into acid. The acid bites into the surface of the plate where it was exposed, biting is a printmaking term to describe the acids etching, or incising, of the image. After the plate is bitten, the plate is removed from the acid bath. To print an intaglio plate, ink is applied to the surface by wiping and/or dabbing the plate to push the ink into the recessed lines, the plate is then rubbed with tarlatan cloth to remove most of the excess ink. The final smooth wipe is often done with newspaper or old public phone book pages, a damp piece of paper is placed on top of the plate, so that when going through the press the damp paper will be able to be squeezed into the plates ink-filled grooves. The paper and plate are covered by a thick blanket to ensure even pressure when going through the rolling press. The rolling press applies very high pressure through the blanket to push the paper into the grooves on the plate, the blanket is then lifted, revealing the paper and printed image. Martin Schongauer was one of the earliest known artists to exploit the copper-engraving technique, italian and Netherlandish engraving began slightly after the Germans, but were well developed by 1500. Drypoint and etching were also German inventions of the century, probably by the Housebook Master. In the nineteenth century, Viennese printer Karel Klíč introduced a combined intaglio, photogravure retained the smooth continuous tones of photography but was printed using a chemically-etched copper plate. This permitted a photographic image to be printed on regular paper, at one time intaglio printing was used for all mass-printed materials including banknotes, stock certificates, newspapers and magazines, fabrics, wallpapers and sheet music. Today intaglio engraving is largely used for paper or plastic currency, banknotes, passports, photogravure, an intaglio photo-printmaking process Rotogravure Line engraving Viscosity printing History of printing Intaglio and other printmaking definitions
41.
Federal Reserve Bank
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A Federal Reserve Bank is a regional bank of the Federal Reserve System, the central banking system of the United States. There are twelve in total, one for each of the twelve Federal Reserve Districts that were created by the Federal Reserve Act of 1913. C, alexander Hamilton, the first Secretary of Treasury, started a movement in 1780 advocating for the creation of a central bank. The Bank Bill created by Hamilton was a proposal to institute a national bank in order to improve the stability of the nation after its independence from Britain. Although the national bank was to be used as a tool for the government, in response to this, the First Bank of the United States was established in 1791, its charter signed by George Washington. The First Bank of the United States was headquartered in Philadelphia, the Bank performed the basic banking functions of accepting deposits, issuing bank notes, making loans and purchasing securities. When its charter expired 20 years later, the United States was without a bank for a few years. In 1816, James Madison signed the Second Bank of the United States into existence. Then, in 1833, before that banks charter expired, President Jackson removed the government funds as part of the Bank War, and the United States went without a central bank for 40 years. A financial crisis known as the Panic of 1907 was headed off by a private conglomerate and this effort succeeded in stopping the panic, and led to calls for a Federal agency to do the same thing. Congress approved the Act, and President Wilson signed it into law on December 23,1913, the legislation provided for a system that included a number of regional Federal Reserve Banks and a seven-member governing board. All national banks were required to join the system and other banks could join, on April 2,1914, the Reserve Bank Organization Committee announced its decision, and twelve Federal Reserve banks were established to cover various districts throughout the country. Those opposed to the establishment of an overwhelmingly powerful New York Fed prevailed in their desire that its scope, initially, this banks influence was restricted to New York State. Nonetheless, with over $20,000,000 in capital stock, as a result, it was impossible to prevent the New York Fed from being the largest and most dominant bank in the system. The Federal Reserve Banks opened for business in November 1914, the New York Fed opened for business under the leadership of Benjamin Strong, Jr. previously president of the Bankers Trust Company, on November 16,1914. The initial staff consisted of seven officers and 85 clerks, many on loan from local banks. Mr. Strong recalled the days at the Bank in a speech. During its first day of operation, the Bank took in $100 million from 211 member banks, Congress created Federal Reserve notes to provide the nation with a flexible supply of currency. The notes were to be issued to Federal Reserve Banks for subsequent transmittal to banking institutions in accordance with the needs of the public
42.
Federal Reserve Bank of San Francisco
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The Federal Reserve Bank of San Francisco is the federal bank for the twelfth district in the United States. The twelfth district is made up of nine western states-—Alaska, Arizona, California, Hawaii, Idaho, Nevada, Oregon, Utah, and Washington—plus the Northern Mariana Islands, American Samoa, and Guam. The Federal Reserve Bank of San Francisco has branch offices in Los Angeles, Portland, Salt Lake City and it also has a cash processing center in Phoenix. The twelfth district is the nations largest by area and population, the Federal Reserve Bank of San Francisco is the second-largest by assets held, after New York. In 2004 the San Francisco Fed processed 20.8 billion currency notes and 1.5 billion commercial checks, the current president, appointed in 2011, is John C. Williams. The Federal Reserve Bank in San Francisco has one of the largest collections of U. S. paper money in the United States, which is displayed in the American Currency Exhibit. In 1924, the San Francisco staff moved out of locations and into the Banks newly built headquarters at 400 Sansome Street. In 1983, the relocated to 101 Market St. The old headquarters building of the bank, designed by George W. Kelham, has an Ionic colonnade that is pure Beaux-Arts, the lobby with murals by Jules Guerin who created the palette for the 1915 Panama-Pacific International Exhibition. In 1983 the bank relocated to larger and more facilities on 101 Market Street as the 400 Sansome Street location was sold to private developers who rented out the space. Prominent law firm Orrick Herrington & Sutcliffe was headquartered in the building until 2002 when the firm moved out of the space, the building continues to be owned by private developers and current tenants include the Bar Association of San Francisco. It is listed on the National Register of Historic Places, there is also a Federal Reserve Bank of San Francisco building in Los Angeles. The 1929 built building is also NRHP-listed, from 1951 to 2008, the Seattle branch was headquartered at the Federal Reserve Bank Building in Downtown Seattle, which had been built in 1951 for the branch and is listed on the NRHP. The following people serve on the board of directors as of 2013, All terms expire December 31. 7943°N122. 4008°W /37.7943, -122.4008
43.
Latin
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Latin is a classical language belonging to the Italic branch of the Indo-European languages. The Latin alphabet is derived from the Etruscan and Greek alphabets, Latin was originally spoken in Latium, in the Italian Peninsula. Through the power of the Roman Republic, it became the dominant language, Vulgar Latin developed into the Romance languages, such as Italian, Portuguese, Spanish, French, and Romanian. Latin, Italian and French have contributed many words to the English language, Latin and Ancient Greek roots are used in theology, biology, and medicine. By the late Roman Republic, Old Latin had been standardised into Classical Latin, Vulgar Latin was the colloquial form spoken during the same time and attested in inscriptions and the works of comic playwrights like Plautus and Terence. Late Latin is the language from the 3rd century. Later, Early Modern Latin and Modern Latin evolved, Latin was used as the language of international communication, scholarship, and science until well into the 18th century, when it began to be supplanted by vernaculars. Ecclesiastical Latin remains the language of the Holy See and the Roman Rite of the Catholic Church. Today, many students, scholars and members of the Catholic clergy speak Latin fluently and it is taught in primary, secondary and postsecondary educational institutions around the world. The language has been passed down through various forms, some inscriptions have been published in an internationally agreed, monumental, multivolume series, the Corpus Inscriptionum Latinarum. Authors and publishers vary, but the format is about the same, volumes detailing inscriptions with a critical apparatus stating the provenance, the reading and interpretation of these inscriptions is the subject matter of the field of epigraphy. The works of several hundred ancient authors who wrote in Latin have survived in whole or in part and they are in part the subject matter of the field of classics. The Cat in the Hat, and a book of fairy tales, additional resources include phrasebooks and resources for rendering everyday phrases and concepts into Latin, such as Meissners Latin Phrasebook. The Latin influence in English has been significant at all stages of its insular development. From the 16th to the 18th centuries, English writers cobbled together huge numbers of new words from Latin and Greek words, dubbed inkhorn terms, as if they had spilled from a pot of ink. Many of these words were used once by the author and then forgotten, many of the most common polysyllabic English words are of Latin origin through the medium of Old French. Romance words make respectively 59%, 20% and 14% of English, German and those figures can rise dramatically when only non-compound and non-derived words are included. Accordingly, Romance words make roughly 35% of the vocabulary of Dutch, Roman engineering had the same effect on scientific terminology as a whole
44.
Fort Worth
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Fort Worth is the 16th-largest city in the United States and the fifth-largest city in the state of Texas. The city is in North Central Texas and covers nearly 350 square miles in the counties of Denton, Parker, Wise, according to the 2015 census, estimates, Fort Worths population is 833,319. The city is the second-largest in the Dallas–Fort Worth–Arlington metropolitan area, the city was established in 1849 as an Army outpost on a bluff overlooking the Trinity River. Today, Fort Worth still embraces its Western heritage and traditional architecture, USS Fort Worth is the first ship of the United States Navy named after the city. Fort Worth is home to the Van Cliburn International Piano Competition, also of note is the Modern Art Museum of Fort Worth, designed by Tadao Ando. The Amon Carter Museum of American Art, designed by Philip Johnson, the Sid Richardson Museum, redesigned by David M. Schwarz, has one of the most focused collections of Western Art in the U. S. emphasizing Frederic Remington and Charles Russell. The Treaty of Birds Fort between the Republic of Texas and several Native American tribes was signed in 1843 at Birds Fort in present-day Arlington, Texas. Article XI of the treaty provided that no one may pass the line of trading houses without permission of the President of Texas and these trading houses were later established at the junction of the Clear Fork and West Fork of the Trinity River in present-day Fort Worth. At this river junction, the U. S, War Department established Fort Worth in 1849 as the northernmost of a system of 10 forts for protecting the American Frontier following the end of the Mexican–American War. The City of Fort Worth continues to be known as where the West begins, originally 10 forts had been proposed by Major General William Jenkins Worth, who commanded the Department of Texas in 1849. In January 1849, Worth proposed a line of 10 forts to mark the western Texas frontier from Eagle Pass to the confluence of the West Fork, One month later, Worth died from cholera in South Texas. General William S. Harney assumed command of the Department of Texas, Arnold to find a new fort site near the West Fork and Clear Fork. On June 6,1849, Arnold, advised by Middleton Tate Johnson, established a camp on the bank of the Trinity River, in August 1849, Arnold moved the camp to the north-facing bluff, which overlooked the mouth of the Clear Fork of the Trinity River. The United States War Department officially named the post Fort Worth on November 14,1849, E. S. Terrell from Tennessee claimed to be the first resident of Fort Worth. The fort was flooded the first year and moved to the top of the bluff, the fort was abandoned September 17,1853. As a stop on the legendary Chisholm Trail, Fort Worth was stimulated by the business of the cattle drives, millions of head of cattle were driven north to market along this trail. Fort Worth became the center of the drives, and later. It was given the nickname of Cowtown, during Civil War, Fort Worth suffered from shortages of money, food, and supplies
45.
Texas
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Texas is the second largest state in the United States by both area and population. Other major cities include Austin, the second most populous state capital in the U. S. Texas is nicknamed the Lone Star State to signify its former status as an independent republic, and as a reminder of the states struggle for independence from Mexico. The Lone Star can be found on the Texan state flag, the origin of Texass name is from the word Tejas, which means friends in the Caddo language. Due to its size and geologic features such as the Balcones Fault, although Texas is popularly associated with the U. S. southwestern deserts, less than 10 percent of Texas land area is desert. Most of the centers are located in areas of former prairies, grasslands, forests. Traveling from east to west, one can observe terrain that ranges from coastal swamps and piney woods, to rolling plains and rugged hills, the term six flags over Texas refers to several nations that have ruled over the territory. Spain was the first European country to claim the area of Texas, Mexico controlled the territory until 1836 when Texas won its independence, becoming an independent Republic. In 1845, Texas joined the United States as the 28th state, the states annexation set off a chain of events that caused the Mexican–American War in 1846. A slave state before the American Civil War, Texas declared its secession from the U. S. in early 1861, after the Civil War and the restoration of its representation in the federal government, Texas entered a long period of economic stagnation. One Texan industry that thrived after the Civil War was cattle, due to its long history as a center of the industry, Texas is associated with the image of the cowboy. The states economic fortunes changed in the early 20th century, when oil discoveries initiated a boom in the state. With strong investments in universities, Texas developed a diversified economy, as of 2010 it shares the top of the list of the most Fortune 500 companies with California at 57. With a growing base of industry, the leads in many industries, including agriculture, petrochemicals, energy, computers and electronics, aerospace. Texas has led the nation in export revenue since 2002 and has the second-highest gross state product. The name Texas, based on the Caddo word tejas meaning friends or allies, was applied by the Spanish to the Caddo themselves, during Spanish colonial rule, the area was officially known as the Nuevo Reino de Filipinas, La Provincia de Texas. Texas is the second largest U. S. state, behind Alaska, though 10 percent larger than France and almost twice as large as Germany or Japan, it ranks only 27th worldwide amongst country subdivisions by size. If it were an independent country, Texas would be the 40th largest behind Chile, Texas is in the south central part of the United States of America. Three of its borders are defined by rivers, the Rio Grande forms a natural border with the Mexican states of Chihuahua, Coahuila, Nuevo León, and Tamaulipas to the south
46.
Franklin D. Roosevelt
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Franklin Delano Roosevelt, commonly known as FDR, was an American statesman and political leader who served as the 32nd President of the United States from 1933 until his death in 1945. A Democrat, he won a record four presidential elections and emerged as a figure in world events during the mid-20th century. He directed the United States government during most of the Great Depression and he is often rated by scholars as one of the three greatest U. S. Presidents, along with George Washington and Abraham Lincoln. Roosevelt was born in 1882 to an old, prominent Dutch family from Dutchess County and he attended the elite educational institutions of Groton School, Harvard College, and Columbia Law School. At age 23 in 1905, he married Eleanor Roosevelt, and he entered politics in 1910, serving in the New York State Senate, and then as Assistant Secretary of the Navy under President Woodrow Wilson. In 1920, Roosevelt was presidential candidate James M. Coxs running mate and he was in office from 1929 to 1933 and served as a reform governor, promoting the enactment of programs to combat the depression besetting the United States at the time. In the 1932 presidential election, Roosevelt defeated incumbent Republican president Herbert Hoover in a landslide to win the presidency, Roosevelt took office while in the United States was in the midst of the worst economic crisis in its history. Energized by his victory over polio, FDR relied on his persistent optimism and activism to renew the national spirit. He created numerous programs to support the unemployed and farmers, and to labor union growth while more closely regulating business. His support for the repeal of Prohibition in 1933 added to his popularity, the economy improved rapidly from 1933–37, but then relapsed into a deep recession in 1937–38. The bipartisan Conservative Coalition that formed in 1937 prevented his packing the Supreme Court, when the war began and unemployment ended, conservatives in Congress repealed the two major relief programs, the WPA and CCC. However, they kept most of the regulations on business, along with several smaller programs, major surviving programs include the Securities and Exchange Commission, the Wagner Act, the Federal Deposit Insurance Corporation and Social Security. His goal was to make America the Arsenal of Democracy, which would supply munitions to the Allies, in March 1941, Roosevelt, with Congressional approval, provided Lend-Lease aid to Britain and China. He supervised the mobilization of the U. S. economy to support the war effort, as an active military leader, Roosevelt implemented a war strategy on two fronts that ended in the defeat of the Axis Powers and initiate the development of the worlds first atomic bomb. His work also influenced the creation of the United Nations. Roosevelts physical health declined during the war years, and he died 11 weeks into his fourth term. One of the oldest Dutch families in New York State, the Roosevelts distinguished themselves in other than politics. One ancestor, Isaac Roosevelt, had served with the New York militia during the American Revolution, Roosevelt attended events of the New York society Sons of the American Revolution, and joined the organization while he was president
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