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Paper Currency of the World
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Paper Currency of the World

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The first true paper money was produced by the Jin Dynasty (1115-1234) of China in 1189. However, it was not used in the West until 1661, when the Stockholm Banco issued credit notes in an attempt to back the value of Swedish plate money (see Case 7) Letters of credit had been used previously by medieval bankers, but fully transferable bank notes were a new innovation.

Bank notes were viewed as a medium for transferring money, rather than as money in their own right. Individuals could take their paper notes to the bank to redeem them…

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Manhattan Money
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Manhattan Money

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From its early days in the 17th century, New York City was a growing…

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U.S. Treasures of the American Numismatic Society
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U.S. Treasures of the American Numismatic Society

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Great rarities of United States coinage owned by the American Numismatic Society include a…

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The Future of Money
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The Future of Money

1983.183.1

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1983.187.1

1983.188.1

 

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The Art of the Medal
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The Art of the Medal

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Medal making first appeared as an independent art form in 15th century Europe. As…

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The United States in the 20th Century
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The United States in the 20th Century

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U.S. coinage in the 20th century was greatly affected by governmental concerns about reserves…

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Coins of the World
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Coins of the World

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World coinage reveals the dramatic history of the 20th century. Wars and revolutions, the…

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Moving West: 19th-Century America
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Moving West: 19th-Century America

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The United States began the 19th century as a minor power struggling to claim…

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Empires and Colonialism in the 19th Century
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Empires and Colonialism in the 19th Century

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“It was the best of times, it was the worst of times.” So wrote…

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East and South Asia in the 19th Century
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East and South Asia in the 19th Century

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In the 19th century, three factors changed the Asian monetary system forever: the globalization…

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African Money
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African Money

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Although the rulers of the great Ethiopian kingdom of Aksum, which flourished between AD…

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Early America
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Early America

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North America’s first European settlers often traded by barter, using corn, tobacco, and other…

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The Enlightenment: The 18th Century
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The Enlightenment: The 18th Century

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The 18th century was an age of frequent and costly warfare between the states…

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