Who invented the dollar bill?

Category: History

The dollar bill was first issued during the tenure of President Abraham Lincoln as a Legal Tender Note in 1862 and was designed by Salmon P. Chase, the Secretary of Treasury. This dollar bill had the portrait of Salmon P Chase.

The materials that are used to manufacture a dollar bill are Crane brand of paper and silk, cotton and linen. In United States, 42% of the currency is one dollar bills. The dollar bill is usually green in color as it was believed to be a psychological color associated with the strength and stability of any government and hard to be copied. The current design of the United States one dollar bill, however, was introduced in 1963, when the dollar bill became a Federal Reserve Note instead of a Silver Certificate. The dollar bill available today has George Washington, the first president of America’s portrait on the bill and it was painted by Gilbert Stuart. This one dollar bill became the first dollar currency that bears the motto IN GOD WE TRUST in 1957.

The dollar bill also contains the figure of a bald eagle, the symbol and national bird of United States. The eagle is also said to be clutching 13 arrows and 13 olive branches which symbolizes the eternal quest for peace.

More Entries

Leave a Comment

*

code