Greenbacks. Moolah. Dough. Benjamins. All nicknames for the one thing we’re all in an endless quest to get more of—cash money. It’s as much a part of our everyday lives as is sleep, food, even breathing. But have you ever really stopped to take a look at these little green monsters that seem to run our lives?

If you really take a closer look at our notes of legal tender, there’s really quite a bit going on. So the next time you’re not busy spending one—or if you have absolutely nothing else to do—grab a dollar bill from your wallet and take a good long look at it. After you read this article, you’ll finally know what all those symbols and strange words mean.

First things first, feel the money in your hands. Doesn’t really feel like paper, does it? That’s because it isn’t. Paper money isn’t really paper at all. It’s actually a linen and cotton blend—a cloth! That’s why it doesn’t fall apart when it goes through the washing machine. In fact, there are even tiny red and blue silk fibers running through each bill.

Now, take a good look at the overall design. The dollar bill we use today first was first put into circulation in 1957. The ink used for printing is made of a secret blend—one of many built-in security features used to prevent counterfeiting.

Take a look at the front first, to the right of the portrait you’ll notice a green stamp—the seal of the U.S. Treasury. It includes scales representing a balanced budget, a carpenter’s square signifying an exact cut, and a key to the Treasury itself. On the front, you’ll also notice green serial numbers, the signatures of the U.S. treasurer and secretary of the treasury at the time the bill was printed, and the seal of the mint where the bill was printed.

Now, turn the bill over. You’ll notice a circle on either side. Together, they represent the Great Seal of the United States, created by Benjamin Franklin and a group of our country’s founders in 1782. Go to the left circle first and look at the pyramid. The face is lighted while the western side remains dark. The darkness signifies the Western U.S., which had yet to be explored. The unfinished pyramid represents the untapped potential of the country, while the all-seeing eye hovering above is symbolic of a divine being overseeing mankind. In this circle, you’ll find two Latin phrases, “ANNUIT COEPTIS” (God has favored our undertaking), and “NOVUS ORDO SECLORUM” (A new order has begun).The Roman Numerals at the base of the pyramid translate to 1776.

The circle on the right might look more familiar to you. That’s because it’s prevalent on many national monuments, cemeteries, and—though slightly tailored—is also the Seal of the President of the United States. The centerpiece of the Seal is the Bald Eagle. It was selected as the official symbol of the U.S. for a couple of reasons: Though not afraid to weather a storm if he must, the eagle first looks to fly above it. Also, though it may appear so, the eagle wears no actual crown—symbolic in the country’s break from the King of England. Additionally, the eagle’s shield requires no support; it now can stand by itself.

Other details of note: the white bar on the top of the shield represents the unifying power of congress, the term “E PLURIBUS UNIM” means “one nation from many people”, and the 13 stars signify the 13 original colonies. The eagle holds an olive branch in one set of talons arrows in the other. His gaze, though fixed at the peace-representing olive branch, won’t hesitate to turn to the sling of arrows if need be.

So there you have it; all you ever wanted to know about the design ideas behind our beloved U.S. currency. Use it to enlighten guests at your next dinner party, or inform the guy at the coffee shop as you hand him a five dollar bill for that latte.

Joe Kenny writes for the Personal Loans Store, allowing visitors to compare loans and also focuses on personal loans in the UK.

Visit Today: http://www.ukpersonalloanstore.co.uk

Article Source: http://EzineArticles.com/?expert=Joseph_Kenny
http://EzineArticles.com/?The-Anatomy-of-a-Dollar-Bill&id=316892

It’s funny to think just how many people use paper money yet do not really know how the whole concept of paper money started.

Paper money was non existent in the ancient world. Money was mostly coins made from gold or silver or other metals and the more you had, the richer you were.

In order to understand the concept behind paper money, we must look at pre-modern history.

The story of paper money started in eleventh century England. In those times, noblemen were rich and yet they were never satisfied with the amount they had. Besides having lavish life styles demands were placed upon all nobles by the king to pay royal taxes. In the days of the crusades these demands were almost unbearable. The crusades were crippling the economy.

Something had to be done to produce more money, money was power and without it, if you were a nobleman, you were nothing.

One way for nobles to raise money was to levy taxes on the inhabitants of their lands. This was a limited source of income because even if they were taxed to the maximum physically possible there was still only so much to be had.

The other way to acquire more treasure was to wage war on your neighbours, kill them and do of with their treasure. It wasn’t hard to find ligitate reasons for war in those days. Offense could be taken and honor defiled for reasons for which we would hardly even bat an eyelid at nowadays.

Noblemen began to look for ways of stopping others from doing away with their own hard plundered money.

Jews were now coming to live in England. Noblemen knew that Jews had experience in working with and guarding precious metals. The Jew was in a precarious position, he had no citizenship and few rights. By giving the Jew great responsibility he was committed to absolute loyalty.

To this end a number of specially guarded secret stongholds were set up in which to hold the funds and treasure of all the noblemen who cared to entrust it to the protective care of the Jews. Nobody dare attract these strongholds because to do so would be classed as absolute treason and the penalty for such treachery would result in the most terrible death imaginable.

For each pound’s weight of gold that a noble had in the vaults, they were issued with a paper certificate that promised to pay the bearer of that certificate the weight of one pound in gold.

Thus, the nobles could extract only as much gold as they intended to use, keeping the rest safe.

As time past these Jewish trustees realized that gold was not being reclaimed to the extent that they had originally expected. What they saw was that the bearers of the certificates were exchanging them for goods or services which they would have otherwise bought with gold or silver coins. A new method of payment was emerging.

This meant that if the gold was not being withdrawn, odds could be calculated on what the chances were that everybody would come to claim their gold at the same time. These odds varied from period to period according to various political and demographic factors and conditions but on the whole it was calculated that the odds that all gold would be reclaimed at any one specific time were about eighteen to one.

Gold and silver bullion was now becoming security for a new financial structure.

It was now possible to print more certificates that could be given on loan under the agreement that a certain level of interest would be added to the total sum to be paid back.

To the nobles and the monarchy, this was a huge benefit, it was now possible for them to think in business terms instead of being just feudal rulers.

Nobles could set up businesses with borrowed funds within their dominions and appoint people to run these businesses for them. These new businesses ranged from farms to mills to breweries and a great many other businesses.

Noblemen could now pay royal taxes from their earnings and not only through the levy of heavy taxes on constituents and waging war on other noblemen. A new order had come about in the nobility. Could it have been that this was the real reason for the writing of the Magna Carta? After all, in those days, such advancement was a good as a new world order.

The Jews who managed these systems, in time spread to many other countries and set up similar frameworks in those places. Nations protected these people with all their might. They became the very foundation of the wealth of nations. This special class of people became untouchables.

In time, those Jews who were entrusted with the wealth of nations (and indeed sill are), became the most powerful people in the world. They had the power to open and close the taps that feed economies.

Institutions were set up to deal with the withdrawal of funds so that there would be no need to deal directly with the holders of the bullion. In this way the families responsible for holding the nations wealth were able fade into a world of secrecy and virtual anonymity. These institutions are, of course, banks.

Nowadays, not all the families in the business of printing money and holding bullion are Jews. Others, by inter marrying with the Jews or by duplicating the system elsewhere have become established in the “money printing” business.

This, dear reader, is the true story behind the history of paper money.

Thought! Could this be the real reason behind modern anti-semitism? Could it be that some of those self same people who needed the help of the Jews so urgently in those troubled times resented the power that they inevitably had no option other than to hand over to their Jewish trustees?

Antisemitism has been rife throughout the cultured world throughout history but remember that the families who control the power of money have remained immune to this and rightly so. The rage of antisemitism has always fallen on Jews who are lower down on the socio-economic ladder, Jews who are merely trying to live their lives in peace and who have done nothing to deserve this hatred.

Rulers of countries of land who have traditionally kept their citizens in a state of abject squaller and poverty have systematically pointed their finger at the Jew who saved their skin by guarding their treasuries. What they hated was the fact that the Jew was the only one who could get him out of the utter state of futility that was his medieval reality.

Thus, these unscrupulous noblemen vented their frustration against their Jewish financiers by instilling hatred in the primitive minds of their subjects. The reason being that this distraction diverted the blame from them as the real cause of the hardship and misery.

In our modern times the need to print money is so great that there is only a very small fraction of the total worth of all the money in circulation that has physical gold or silver security behind it. Mostly, it is accepted to take security in the form of paper.

Hello, I'm Andy Routledge. Hi, how would you like to know how you can put a unique article like this one onto the internet with a URL that you create in less than five minutes and for free. Wait, there's more. You also get tools to help you add interesting sections to your web page that are just so easy to use. Plus, you can advertise on the pages and interlink with your other websites or affiliate sites all at no cost to you. Follow this link to see how.
http://www.squidoo.com/snake

Article Source: http://EzineArticles.com/?expert=Andrew_Routledge
http://EzineArticles.com/?The-History-Of-Paper-Money&id=368580

Would it be a wise thing to put away a few crisp new dollar bills for the future? As a face value investment? Would coins be better? Collectible paper currency has been with us since the Revolutionary War. In most families it was usually the coins that were saved, if any money was saved at all, during difficult times.

However, the fact that pristine examples of colonial notes can be found in fine currency collections today suggests that someone had the need, or the foresight, to put away a little cash. And over time, these mere scraps of paper became ever more scarce. Paper money, after all, is not such a durable commodity as coinage.

As living conditions evolved, and the life of the average citizen improved, there came to be time, interest and funds for leisure time activities, hobbies such as coin and stamp collecting, and to a lesser extent, the collecting of paper money.

Today coin collectors refer to paper money enthusiasts as Rag Pickers, and worse. However, many a coin collector eventually gives in to a growing interest in paper as a relevant adjunct to his growing stash of ancient and glowing metal. Both hobbies can be wickedly expensive. Investment in a choice coin or bill can pay off rather well. Or not.

But coins and paper bills still circulate. The final victory of the credit card, and who knows what after that, has yet to be concluded. The point is, even though coins are no longer made of gold and silver, or even solid copper for that matter, all things being equal, a coin will never sink below its face value. And the same can be said for a dollar bill, or a five, ten twenty, fifty, or one hundred dollar bill. (This is not the time to discuss purchasing power. Just let it go.)

So, you get coins and paper money at face value, just by removing it from your pocket or wallet and tossing it into your dresser drawer. Or neatly tuck each into a special collector envelope, holder, or album.

When you do this, you have made a face value investment. Especially if you make the effort to acquire uncirculated specimens at your bank instead of from your pocket, you may end up guilty of a successful investment. Whether collectible coins or collectible paper currency will make the better investment is an open question. If you must choose between the two, here are two things to consider:

There are more coin collectors than paper money collectors.

Demand for coins is perhaps higher overall, but remember, there are more coins in existence. Coins tend to last. Paper money is relatively fragile. Well, so it is. A one dollar bill lasts six months in circulation on average. Then it is destroyed by the government, with the banks as its accomplices.

Do these facts influence the relative value of coins versus paper. If you answer, I need more information, you get an A for the day.

My advice? Make no decision. Just put away some nice new coins and some equally fetching uncirculated (crisp) paper money. Learn how to store each.

Save them for your grandchildren.

In twenty to fifty years they will remember you as a genius.

About The Author:

David W. Baker has collected coins and paper money since age 11 -- so, more than half a century. The present article topic is covered in greater detail on his web site at http://www.valuable-coin-stories.com/collectible-paper-currency.html

Coins have been a pleasant distraction for Dave over the years. During that time he has learned more than a bit about coin value in the marketplace. But, he would be the first to admit that his greatest pleasure with coins has been the hooks they have to history and to other areas of learning. He also says that he can never quite get beyond the feeling that, if any of his coins could talk, the stories would be priceless!

The web site, http://www.valuable-coin-stories.com is an effort on his part to build enthusiasm for coin collecting among those who, like him, may find the exposure to these artifacts of the past a source of genuine enjoyment in the present.

Article Source: http://EzineArticles.com/?expert=David_W._Baker
http://EzineArticles.com/?Collectible-Paper-Currency-as-a-Face-Value-Investment?&id=1018242