The present currency tensions are the result of a complex set of forces arising from the Great Recession. But a look at the break-up of the gold standard and of the fixed-rate dollar regime also sheds ...
Abraham Lincoln was three years away from being elected president when the half-cent coin was discontinued as an official ...
The last Lincoln penny was recently struck at the U.S. Mint in Philadelphia. Its removal from circulation marks just one of many changes that American currency has undergone since 1792, when the ...
Countries may change their currency over time, while others fold when their country ceases to exist. However, these five currencies have all endured for generations, some of which are well over a ...
Sometimes you run across a grimy, tattered dollar bill that seems like it’s been around since the beginning of time. Assuredly it hasn’t, but the history of human beings using cash currency does go ...
Benjamin Franklin just got a face-lift. And it’s about time. Over the past seven years, the Treasury Department has redesigned the $5, $10, $20 and $50 bills, citing counterfeiting concerns. On April ...
Why is Christian Science in our name? Our name is about honesty. The Monitor is owned by The First Church of Christ, Scientist, and we’ve always been transparent about that. The church publishes the ...
Money and currency are an important part of any country, playing an important role in its economy. The currency is also considered as a symbol of identity for the countries as well. Every country has ...
(This is an excerpt from Neil MacGregor's new book, "A History of the World in 100 Objects," just published by Penguin.) Oct. 26 (Bloomberg) -- We've all grown so accustomed to using little round ...
Recent changes in the appearance of American paper money are meant to discourage counterfeiting, writes Stephen Mihm, an assistant professor of history at the University of Georgia. But “if history is ...