The History of the Dollar
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- čas přidán 8. 11. 2022
- Though the United States dollar was officially adopted in 1785, paper currency didn't fully enter circulation until the Civil War. The current appearance of modern US bills developed only after a long period of economic development based on commodities and coinage. The earliest form of currency used on the North American continent includes Native American beads and coins minted in Europe. Given the choice, which form of currency would you want to revisit? Does the barter-based wampum appeal to your sensibilities, or perhaps a gold and silver system that would literally weigh you down?
#USCurrency #USdollar #weirdhistory - Zábava
Although I was familiar with the history of the dollar, I KNEW this would be well worth the listen. No one's delivery and mix of sarcasm is a match to this dude's lol. I love it. On another note, that was actually a lot of information put into 12 mins, which proves people can EASILY give pertinent informational detail in a video without dragging it out unnecessarily.
Have you heard of Huggbees?
💯❣
we have € Euro
no
$
US
Dollar
no
£
briTish
pound
no
¥
japanese
yen
...?
“Show Me the Money!!”
Ahh, Weird History strikes again! This channel is always answering the questions I had no idea I had! 😊
I've been wanting you to do the history of the $2 bill, would love to see that! New series perhaps????🤔
well you see, when a mommy $1 bill and a daddy $1 bill fall in love...
What about a $3 bill?
@@Leash23
Mommy and Daddy 1 dollar bill had triplets.
Right it's just silly my husband brought one home for me the other day and I have it saved in my on my bedroom mirror and I have no idea why I saved $2 bills but I do and I think it's pretty common
@@svt80221 SHUT UP!!!! You just made me burst out laughing.
The American government has been making things complicated since the beginning of are country establishment " best quote ever
Our*
Can’t even spell our.
Numbskull
I’m sure you would have done much better than the founding fathers.
@@SKa-tt9nmstop worshipling ppl u never met like they arent made equal to you
The reason $5 bills don’t have Lincoln’s watermark is because people used to bleach the bill leaving just the paper, and printed $50 bills on the same paper, and cashiers could not tell the difference between Lincoln and grants watermark for some reason, so in 2006 they changed the design from Lincoln’s watermark to a big “5”
I thought it was the one dollar bill without the watermark?
And just the think the Secret Service started out not to protect the president and his family but to go after counterfeiters.
yea
Also, Spanish Pieces of Eight were valid currency during the era of the Pirates.
"American colonists would use the Spanish dollar alongside British currency, as it was against the law for them to create their own money and coins from England were not plentiful. It took eight reales, another Spanish currency, to make up one Spanish dollar. Thus it was known as pieces of eight.
American colonists would sometimes cut the coins into 8 pieces like a pie in order to make change since smaller coins were often scarce."
Fun additional fact; Jachimsthalers were minted in the town called Joachimsthal, which had a long history of silver mining, and dumping the then worthless rock that was mixed up with the silver ore in tailings dumps.
They called this worthless rock "pitchblende",essentially "lying/hard luck rock", which if you know your nuclear history, is what uranium and ultimately plutonium is refined out of.
Another fun fact is Joachimsthal has a spa that has dissolved radiation particles in it built during the Radon Craze era that still exists (its safe, amount of Rads is less than you get taking a high altitude plane ride), and who in a very interesting coincidence has on its guest signature one for "Robert Oppenheimer" from the 20's...
So the "Father of the Bomb" visited the town were Marie Curie first discovered Radon in the Pitchblende piles as a child...
History is full of odd coincidences ain't it
Insightful video. I just want to know best how people split their pay, how much of it goes into savings, spendings or investments. I'm 27, and earn nothing less $150k per year, but nothing to show for it yet.
When people have money, they spend it. And some people spend more money when they have more of it. If you want to improve your financial management, you should consult with a financial advisor.
@@sherryie2 That's right, you can avoid the traps of lifestyle inflation by consulting an expert advisor to help you plan for your short- and long-term goals; it all comes down to proper guidance. Over the past two years and six months, I have seen my income build wealth and now have a fully paid off house and at least $650,000 in stocks. All this is the result of subsequent investments with my savings and the application of expert advice.
@@rickertcoles Nice, who is the Financial Advisor aiding you if this is not much i'm asking? my retirement plans are going down the drain with my 401k particularly losing everything it gained ever since 2021.
@@flemmingbrooke credits to NICOLE DESIREE SIMON, one of the best portfolio manager;s out there. she;s well known, you should look her up
@@rickertcoles I looked up NICOLE online using her fullname and researched her accreditation. She seem very proficient, I wrote her detailing my Financial market current position, goals and scheduled an appointment. Thanks
Love to see a new video from Weird History! Never disappointed 😎
Until the late 1960s or early 1970s, the original U.S. dollar sign had 2 straight vertical slashes "||" over the "S" instead of the simplified solitary vertical slash "|" that we see today in "$". Some people have suggested that this original, double-slashed dollar sign came from overlaying a "U" atop the "S" as an abbreviation for United States, with the lowest curved portion of the "U" eventually being dropped from usage to leave only 2 vertical slashes across the "S". Over time both vertical slashes evolved into today’s single slash.
The Spanish eight or dollar Real was the first global currency, and in fact, it has that S || also. The first settlers came to use it many.
8
PLVS VLTRA
I don't know how to go about researching this but now I really want to know if Massachusetts ever explicitly unrecognized wampum as acceptable currency. In fact now I wonder if any state has old currencies technically still legal currency simply cuz there isn't a law that actually unrecognized it written anywhere
Just sitting here remembering the first year of this channel and seeing where it is now, makes me so happy.
I absolutely love your channel ❤️
Dollar sign may have come from spanish currency depicting a scroll in the shape of an "S" and pillars on the one side of each coin. Due to spanish coin's abundance from new world gold and silver it became a common symbol.
Also at one point spanish empire extended to new world😮
i was taught that the $ came from people writing US dollar and over time the U and S were written on top of each other and then the bottom of the U was dropped....sign makers started to use only one line through the S to what we see today....i still use two lines when ever i write it!
It came from symbol from the mint of Potosi, which is where the Spanish minted most of their silver coins. I have been there and know this for a fact. I went to the mint museum they have there.
no
idea whaT you speak of
once again we in WEST EuropE have
only € Euro
no
$
Dollar
ThaT has meaning we have only The
Money of The Europe Union
HeadquaTer
France +
Germany ITaLy
Ijust so happened to buy a huge lot of various coins at an estate auction about 5 years ago. When I got home and went through the coins it turned out I got hold of several very rare 1700s Colonial coins I was surprised that no one noticed them before putting them up for auction. I still have them to this day!
You'd be surprised how little attention people pay to the change in their pocket. I used to do the accounting at a small grocery. The cashiers would set aside the "weird" coins or anything they couldn't identify. I swooped in and collected them every morning. I have a pretty cool collection. I don't think I'm paying for anyone's college, but there's some absolutely neat and bonkers stuff just sitting in tills or center consoles or old coats. And that fascinates me.
@@spookyskeptic4978 In the 80s my dad was a coin collector, and had this book showing how valuable coins were. As a kid I used to take any change I had and look through that book, and see if it has any of the symbols, letters, wheat back, etc. It was a fun hobby before the internet.
@@spookyskeptic4978 - My son is special needs and has worked at a grocery store for 10 years now. Sometimes customers would give him tips but what they were really doing was giving my son "money they had no idea about" (in other words they figured he didnt know any better) - Most the time they were tipping him collectible coins.
My favorite is the CoinStar machine. Ive noticed that CoinStar seems to reject silver coins quite a bit .... mostly Roosevelt dimes. I have tons of those alone. what amazes me is people just brring in coffee cans full of coins and dump them not knowing what they are dumping in. There were many time that Morgan silver dollars are just sitting there untouched. Many standing Liberty quarters. What I do miss out on the manager would show me a foam coffee cup full off coins he figured were worthless. He even gave me quarters that are still in circulation... 1976 Bicentennial quarters.
There have been a few times that some silver Canadian coins would show up. Amazingly, one 19 30s Canadian silver was there and it turned out to be appraised at $500 because uit was a rare piece. So yes, I know what you are saying.
@@nazfan01 bicentennial coins are rare?
@@Usafpararescue96 - No! That was my point, the manager of the store thinks they are either foreign coins or does not realize these coins are still in circulation. Either way, I take what ever he gives me
Really enjoyed the history of the dollar. How about covering British currency?
Or the Yen😮
They should cover The History of The Euro
or all money! What a fun idea for a series.
@@tammygant4216 Ya know I agree
This channel reminds me of a show I used to watch on the history channel in the early 2000s called The Most with Mike Rowe. The topics and tone of this show are both similar to that one.
I'd buy that for a dollar!
Hello Baco Tell lol
Great story.! Never really thought about this. Thanks for doing this.
I really love your sarcastic humor, the history part it's just a bonus to me.
Man, this is something. A fascinating and interesting topic. I like this.
Great Documentary and narration.
I'm surprised you didn't mention how Nixon in 1972 got the dollar out of the gold-based standard to prevent it's value decreasing against other currencies, thus, creating the base of the economical crisis and inflation we suffer today.
Link a referens please. Not bcs I dont believe you but id like to read up on it.
Links?
@@zack3g Yes cause taking from the people works... Said nobody ever.
@@zack3g Ok Commie
@@soybasedjeremy3653 just Google "gold standard u.s. dollar" people shouldn't have to spoonfeed you info, you imbecile
Thanks for this! 💸 #WeirdHistory #USCurrency #USDollar #HistoryOfTheDollar
I would love to see a video about company scrip. Seems like a weird thing in history. thank you for these videos. I love history and I love the jokes.
I worked for a money collecting contractor that picked up cash from businesses in those armored trucks. The amount of stuff I learned about money is insane. For instance, those fraud pens only detect for the paper but people bleach bills and print over them so they get through. Always inspect their other details! Another antifraud measure is that the shirts on the people on the bill are textured. So if you run your nail over it, it makes a scratching sound. Unfit money is sorted to be sent out to be destroyed and counterfeits are tracked based on the numbers all over the bill. Super interesting.
Please do more Currency history
I was just looking about Dollor History today, out of nowhere
and you dropped the video
*Here Take it*
I think that is both fascinating and informative.
Paper money used to be quite large. They were nearly 7 1/2 inches long and called "horseblankets" for their size. In the late 1920's they were shrunk to the size people know today!
In Europe, different denominations have different sizes, handy if you're blind, you can't tell the difference between a 1 and 100 in US currency if you're blind.
@@scottkrater2131 damn
Because you could buy a fucking house with one dollar
Well this about the dollar bill was very interesting , thanks
I did not know that Spanish currency was so popular at that time.
That Eye of Providence has always fascinated me.
Fantastic video and narration!
A+ video, my mother even watched it with me.
afaik, it was the first world currency for international trade. Similar to what the US dollar is nowadays. Popularly known as the piece of eight
@@JP-en7cc Very interesting, thanks for the info.
The Spanish legacy in the United States is enormous, but unfortunately it has been erased from history books in the States and in Anglo-Saxon world. The history of the United States is largely written in Spanish.
@@nomecreona3829 It's unfortunate that there aren't more cultural things like Spanish food, Spanish restaurants, etc.
There just isn't a very prominent Spanish prescence in the U.S. right now, even though there was long ago.
@Nomecreona Yep written in Spanish & still not erased... San Francisco, Los Angeles, San Diego, all in Califonia, next to Arizona, nearby Nevada, Colorado & Montana... Only Texas 😠 should be Tejas!... but hey San Antonio still there 😊
That is pretty interesting. I learned a lot that I didn't know about our currency.
I hope he's a professor or something that super engaging . He's awesome with the narrations
Excellent video maestro
I actually have one of those bags of shredded money mentioned at the end. I thought it was so cool when I was little.
Great video, but you left out the spider in the corner of the 1 dollar bill lol I've always wondered why they put that on there
This was so WEIRDLY AMAZING history ☺️
Good one! (No pun intended.)
Now make a video about all the money printing and coin striking errors. Please?
Old Silver Bar Market is in its infancy and starting to pop
Them old bills look beautiful. We should bring back that style.
You forgot to explain "bits" -- like in "two bits, four bits, six bits, a dollar, all for our team stand up and holler" and the door knock "shave and a haircut two bits." If I remember right -- and anybody out there help me if I'm wrong -- the bit is left over from the Spanish dollar that had eight bits/parts. In USA money, 2 bits = 25 cents, 4 bits = 50 cents, 6 bits = 75 cents, 8 bits = a dollar. A lot of people still say bits for prices and for insults: "Why, you two-bit crook, I oughta punch your lights out."
Fun video.
FYI, there is no "American eagle." That is a bald eagle. 🦅
Also a spread eagle.
My high school fashion wardrobe begs to differ.
Anyone know the track that starts at 5:34 ? Sounds like a film score track but I need to know lol very beautiful piece.
YAY! Weird History 😍
You learn something new every day
I agree! Yesterday I learned that an interesting discovery was made about frogs. Since they have soft bodies they get thorns and splinters and stuff like that imbedded in them. The cool part: Some species have urine bladders that have cells that grow around the foreign object. That pulls the object into the bladder and they can pee out the objects!
I really like this dollar video it’s so packed with info. One thing though I’m pretty sure the in God we trust was added all over the place by Macarthy ( sorry not sure of spelling) during his big Red Scare.
Yes, it had nothing to do with God, I hope that was a joke in the video. America added "In God We Trust" to money as a lame slap against communism. That's why "under God" is in the Pledge of Allegiance. As a nonreligious person I think it is time for it to go.
After a lot of counterfeits were being made with a color copier, preventative measures were put into scanners and copiers (and printers) that won't let you duplicate money.
You can still do if if you find an old scanner, but modern scanners will shut down...
really good quality wish I could make it :P
That crypto jab 😂😂😂
👍👍👍 Amazing 👏👏👏👏
Interesting
The finger print on his color was new to me!
I love this narrator so much lmao
I would be interested in research into how the broadway musical South Pacific was written and developed after WW2
Counterfeiting money is incredibly difficult and expensive, which is why the government assumes no one would counterfeit one dollar bills since the payoff would not be worth it
if you damage money, you can look up proper routes to have it replaced if you can salvage most of the physical bill. a bank can replace it if theres enough left of the bill, and if its questionable you can mail it/them away (the address is online) and they can deem if its replaceable or a total loss. REALLY hoping that lady on tiktok whose dog ate her hundreds knew this and she didnt just throw them out
I found money that blew out onto the sidewalk through a hospital's ventilation fan. I picked the pieces out of shrubbery and taped the pieces back together. 3 out of the 4 five dollar bills were accepted at a bank, but I was happy with my 15 dollars.😊
Topic everybody like to hear all the time. money
Kinda surprised he didn't talk about the tiny Owl nestled just to the left of the "1" on the top right of the 1 dollar bill.
The early dollar sign is a U and S overlapping. To show it is US currency. Over time the bend at the bottom has gone away to just one or two lines through the S.
False. The dollar sign $ comes from the symbol of the mint of Potosi. The largest silver mine in the world and where most Spanish silver coins were minted.
If you look at the Spanish silver coin 1:53 you'll see clearly the two pillars of the strait of Gibraltar (Hercules Columns). The early Americans using those coins wrote Sll (S for Spanish and ll for the pillars) on prices tags and handwritten documents, and when one writes quickly the S and the ll became eventually melted.
@@BangFarang1 false. The $ comes from the stamp of the mint of Potosi, the largest mint in the Spanish Empire.
I would really like to see a topic on comparison of money values around the world and how dollars or whatever they are in in different countries how they lose their value and about how the gold in the mint is actually what we owe not the paper dollar bill as Citizens
The '$' is not the first symbol used, and was originally a 'S' transposed on top of 'U' and stood for a 'unit of silver'. In 1792 the 'Sherman Coinage Act' determined that the money of the United States would be the US Dollar; and would have an exact size and shape and be stamped; and consist of 380 and 4/16 pure gains of silver.
See a book called: 'PIECES OF NINE'
You almost completely missed the mark when explaining the symbolism on the one dollar bill. You could do an entire video on it.
i visited the dallas federal reserve on a class field trip in elementary school, it was rlly cool!! they gave each of us little bags of shredded money that said it would’ve been worth $300 and it’s just super cool. i probably still have it somewhere :-)
That sounds cool.
I remember one time I was in my bank and they had a bunch of Free money in a plastic bag. It was shredded money.
It’s now Out of one. Many.
I was always taught that dollar sign came from the scroll & pillars on the Spanish coins
I love how in our constitution it states "no state shall use anything besides gold and silver coin for payments of debt"
The states shall pay in gold and silver, not their citizens.
The history of the inflation of the dollar should be next.
Not first but quick~ and I just had two beer!
What about the owl in the corner and Washington state building garden is shaped as a owl as well meaning please??
Surprised you didn’t talk about the tiny owl, perched on the dollar bill.
Could you do a video on Australian money like how we came to have dollars. Australia did have British money when it was formed
Australia, New-Zealand, Hong-Kong, Singapore, Canada...
Think it comes from Spanish dollars? Wikipedia says they used them in New South Wales... they punched a hole in the middle to make them Australian 😂
Chase Bank not only steals names but lots of undeserved money from customers!
Please make a video about Emma Goldman!
Major sticking points in both the revolutionary war and civil war were the issuing and financing of currency.
I’d like to hear weird history’s take on bernie madoff’s ponzi scheme, or even about the person named for a ponzi scheme: Carlo Ponzi.
"If you're trying to conquer the criminal underworld by printing counterfeit singles, the government apparently feels like you could use all the help you can get."
-😀😄😆
Best fact about the one dollar bill: You can make a mushroom out of George Washingtons head. As referenced in Bill and Teds Excellent Adventure.
This was fuckin fascinating
I understand why there are not as many security measures on the Washington one dollar bill, but why is the design still the old one with the small portrait and not enlarged like every other denomination was in the late 20th Century? It clashes with the rest, and since they have to destroy old singles anyway why not redesign it to match the others??
I had to check a hundred for those tiny letters hah. Crazy
I now invest in goldbacks, look into them! They have 5 denominations each with 24k fractional gold in the note and they can be exchanged for 🥇 coin on demand in any of the four states who are making them.
Can we try The History of GMO crops?
4:36 is an old picture of Copenhagen??
Hafnia Metropolis….Harbour, metropole.
Why?
Make silver money again!
Is the money, that is retired & removed from National circulation subtracted from the National befit? & if not, why not?
No mention on how the money supply when back into private hands with the bill passed in 1913? Or the First or Second bank when government used to be in control of the money supply.
Dollar Dollar, Bill, y’all
the dutch variation would be Daalder
"Daler" is the low german and danish version of Taler
You forgot to mention how they changed the color of the bills to reflect the colors used in the board game, Monopoly, as a way of mocking the public.
Mono = one
Poly = many
E Pluribus Unem = "out of many, one"
Interesting video
Leaving a physical backing of the dollar was a mistake.
The new 100 dollar bill is magnetic, not so much you can pick it up with a magnet but you can make it move
Look, the Narrator is definitely an Universal Treasure. He must be protected at all costs!
History of Fort Knox
At 10:09 is a counterfeit $100. Notice that the watermark is of Alexander Hamilton, when it should be Franklin.
I'm disappointed you didn't mention the owl in the corner. Why is it there? Why is it so small?
Cash rules everything around me, CREAM get the money dolla-dolla bills yall.
There is a spider on the upper right hand corner of the $1 bill also.
do a boston tea party video