Did you know...
1. The U.S. Bureau of Engraving and Printing produces 38 million notes each day. These notes have a face value totaling approximately $541 million.
2. Of the notes printed each year, 95% are used to replace notes already in circulation.
3. Of the notes printed, 48% are $1 notes.
4. The U.S. Department of the treasury first issued paper currency in 1862 because of a coin shortage and the need to finance the War Between the States.
5. A stack of currency one mile (1.6km) high would contain more than 14.5 million notes.
6. If you had 10 billion $1 notes and spent one every second of every day, it would require 317 years to spend them all.
7.Currency paper is composed of 25% linen and 75% cotton. You would have to fold and unfold a note about 8,000 times before it would tear.
8. In God We Trust became part of the design of U.S. currency in 1957 and has appeared on all currency since 1963.
I learned these in my Economics at school.
2. Of the notes printed each year, 95% are used to replace notes already in circulation.
3. Of the notes printed, 48% are $1 notes.
4. The U.S. Department of the treasury first issued paper currency in 1862 because of a coin shortage and the need to finance the War Between the States.
5. A stack of currency one mile (1.6km) high would contain more than 14.5 million notes.
6. If you had 10 billion $1 notes and spent one every second of every day, it would require 317 years to spend them all.
7.Currency paper is composed of 25% linen and 75% cotton. You would have to fold and unfold a note about 8,000 times before it would tear.
8. In God We Trust became part of the design of U.S. currency in 1957 and has appeared on all currency since 1963.
I learned these in my Economics at school.
1 comment:
Wow! That's a lot of interesting information, Ben. Thanks for summarizing many pages into this readable portion. Your hard work is appreciated.
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