United States Twenty Dollar Bill
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United States Twenty Dollar Bill
The United States twenty-dollar bill ($20) is a denomination of U.S. currency. A portrait of Andrew Jackson, the seventh U.S. president (1829–1837), has been featured on the obverse of the bill since 1928; the White House is featured on the reverse. As of December 2018, the average life of a $20 bill in circulation is 7.8 years before it is replaced due to wear. About 11% of all notes printed in 2009 were $20 bills. Twenty-dollar bills are delivered by Federal Reserve Banks in violet straps. History Large-sized notes * The back is printed green. * The back is different, with several small variations extant. * The reverse has a $20 gold coin and various abstract elements. The back is orange. * * The back design is green. * * The back design is black. * The back is orange and features an eagle. * The front is similar, but the back is different and printed in brown. * * Two different backs exist both with abstract designs. * The front features Hugh McCulloch, a ...
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United States Dollar
The United States dollar ( symbol: $; code: USD; also abbreviated US$ or U.S. Dollar, to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the official currency of the United States and several other countries. The Coinage Act of 1792 introduced the U.S. dollar at par with the Spanish silver dollar, divided it into 100 cents, and authorized the minting of coins denominated in dollars and cents. U.S. banknotes are issued in the form of Federal Reserve Notes, popularly called greenbacks due to their predominantly green color. The monetary policy of the United States is conducted by the Federal Reserve System, which acts as the nation's central bank. The U.S. dollar was originally defined under a bimetallic standard of (0.7735 troy ounces) fine silver or, from 1837, fine gold, or $20.67 per troy ounce. The Gold Standard Act of 1900 linked the dollar solely to gold. From 1934, it ...
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Alexander Hamilton
Alexander Hamilton (January 11, 1755 or 1757July 12, 1804) was an American military officer, statesman, and Founding Father who served as the first United States secretary of the treasury from 1789 to 1795. Born out of wedlock in Charlestown, Nevis, Hamilton was orphaned as a child and taken in by a prosperous merchant. He pursued his education in New York before serving as an artillery officer in the American Revolutionary War. Hamilton saw action in the New York and New Jersey campaign, served for years as an aide to General George Washington, and helped secure American victory at the Siege of Yorktown. After the war, Hamilton served as a delegate from New York to the Congress of the Confederation. He resigned to practice law and founded the Bank of New York. In 1786, Hamilton led the Annapolis Convention to replace the Articles of Confederation with the Constitution of the United States, which he helped ratify by writing 51 of the 85 installments of ''The Federalist ...
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Blacklight
A blacklight, also called a UV-A light, Wood's lamp, or ultraviolet light, is a lamp that emits long-wave (UV-A) ultraviolet light and very little visible light. One type of lamp has a violet filter material, either on the bulb or in a separate glass filter in the lamp housing, which blocks most visible light and allows through UV, so the lamp has a dim violet glow when operating. Blacklight lamps which have this filter have a lighting industry designation that includes the letters "BLB". This stands for "blacklight blue". A second type of lamp produces ultraviolet but does not have the filter material, so it produces more visible light and has a blue color when operating. These tubes are made for use in "bug zapper" insect traps, and are identified by the industry designation "BL". This stands for "blacklight". Blacklight sources may be specially designed fluorescent lamps, mercury-vapor lamps, light-emitting diodes (LEDs), lasers, or incandescent lamps. In medicine, for ...
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United States Note
A United States Note, also known as a Legal Tender Note, is a type of paper money that was issued from 1862 to 1971 in the U.S. Having been current for 109 years, they were issued for longer than any other form of U.S. paper money. They were known popularly as "greenbacks", a name inherited from the earlier greenbacks, the Demand Notes, that they replaced in 1862. Often termed Legal Tender Notes, they were named United States Notes by the First Legal Tender Act, which authorized them as a form of fiat currency. During the early 1860s the so-called ''second obligation'' on the reverse of the notes stated: By the 1930s, this obligation would eventually be shortened to: They were originally issued directly into circulation by the U.S. Treasury to pay expenses incurred by the Union during the American Civil War. During the next century, the legislation governing these notes was modified many times and numerous versions were issued by the Treasury. United States Notes that w ...
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Federal Reserve Note
Federal Reserve Notes, also United States banknotes, are the currently issued banknotes of the United States dollar. The United States Bureau of Engraving and Printing produces the notes under the authority of the Federal Reserve Act of 1913 and issues them to the Federal Reserve Banks at the discretion of the Board of Governors of the Federal Reserve System. The Reserve Banks then circulate the notes to their member banks, at which point they become liabilities of the Reserve Banks and obligations of the United States. Federal Reserve Notes are legal tender, with the words "this note is legal tender for all debts, public and private" printed on each note. The notes are backed by financial assets that the Federal Reserve Banks pledge as collateral, which are mainly Treasury securities and mortgage agency securities that they purchase on the open market by fiat payment. History Prior to centralized banking, each commercial bank issued its own notes. The first institution ...
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George Washington
George Washington (February 22, 1732, 1799) was an American military officer, statesman, and Founding Father who served as the first president of the United States from 1789 to 1797. Appointed by the Continental Congress as commander of the Continental Army, Washington led the Patriot forces to victory in the American Revolutionary War and served as the president of the Constitutional Convention of 1787, which created the Constitution of the United States and the American federal government. Washington has been called the " Father of his Country" for his manifold leadership in the formative days of the country. Washington's first public office was serving as the official surveyor of Culpeper County, Virginia, from 1749 to 1750. Subsequently, he received his first military training (as well as a command with the Virginia Regiment) during the French and Indian War. He was later elected to the Virginia House of Burgesses and was named a delegate to the Continental Congress ...
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Hugh McCulloch
Hugh McCulloch (December 7, 1808 – May 24, 1895) was an American financier who played a central role in financing the American Civil War. He served two non-consecutive terms as U.S. Treasury Secretary under three presidents. He was originally opposed to the creation of a system of national banks, but his reputation as head of the Bank of Indiana 1857 to 1863 persuaded the Treasury to bring him in to supervise the new system as Comptroller of the Currency 1863–65. As Secretary of the Treasury 1865–69 he reduced and funded the gigantic Civil War debt of the union, and reestablished the federal taxation system across the former Confederate States of America. He tried but failed to make a rapid return to the gold standard. He was the last surviving member of the Lincoln Cabinet. Biography Early life Born in Kennebunk, Maine, he was the son of Hugh McCulloch Sr., one of the largest shipbuilders in New England, and Abial Perkins. He was educated at Thornton Academy in Saco, M ...
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John Marshall
John Marshall (September 24, 1755July 6, 1835) was an American politician and lawyer who served as the fourth Chief Justice of the United States from 1801 until his death in 1835. He remains the longest-serving chief justice and fourth-longest serving justice in the history of the U.S. Supreme Court, and is widely regarded as one of the most influential justices ever to serve. Prior to joining the Court, Marshall served as the fourth U.S. Secretary of State under President John Adams. Marshall was born in Germantown in the Colony of Virginia in 1755. After the outbreak of the American Revolutionary War, he joined the Continental Army, serving in numerous battles. During the later stages of the war, he was admitted to the state bar and won election to the Virginia House of Delegates. Marshall favored the ratification of the U.S. Constitution, and he played a major role in Virginia's ratification of that document. At the request of President Adams, Marshall traveled to France i ...
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Daniel Manning
Daniel Manning (May 16, 1831 – December 24, 1887) was an American journalist, banker, and politician. A Democrat, he was most notable for his service as the 37th United States Secretary of the Treasury from 1885 to 1887 under President Grover Cleveland. A native of Albany, New York, Manning began a newspaper career at age 11 and worked his way through the ranks of the ''Albany Argus'' to become president and publisher. Manning also undertook self-study to compensate for his lack of formal education and became recognized for his expertise in topics as varied as finance and fine art. Manning was also involved in banking and business, and became president of Albany's National Commercial Bank. Manning was active in politics as a Democrat, and attended numerous state and national conventions as a delegate. As chair of the New York Democratic Party, Manning was a key supporter of Grover Cleveland's successful campaign for president in 1884. Cleveland appointed Manning Sec ...
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James Garfield
James Abram Garfield (November 19, 1831 – September 19, 1881) was the 20th president of the United States, serving from March 4, 1881 until his death six months latertwo months after he was shot by an assassin. A lawyer and Civil War general, he served nine terms in the United States House of Representatives and is to date the only sitting member of the House to be elected president. Before his candidacy for the White House, he had been elected to the U.S. Senate by the Ohio General Assemblya position he declined when he became president-elect. Garfield was born into poverty in a log cabin and grew up in northeastern Ohio. After graduating from Williams College, he studied law and became an attorney. He was active in the Disciples of Christ denomination. Garfield was elected as a Republican member of the Ohio State Senate in 1859, serving until 1861. He opposed Confederate secession, was a major general in the Union Army during the American Civil War, and fought in the b ...
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Stephen Decatur
Stephen Decatur Jr. (; January 5, 1779 – March 22, 1820) was an American naval officer and commodore. He was born on the eastern shore of Maryland in Worcester County. His father, Stephen Decatur Sr., was a commodore in the United States Navy who served during the American Revolution; he brought the younger Stephen into the world of ships and sailing early on. Shortly after attending college, Decatur followed in his father's footsteps and joined the U.S. Navy at the age of nineteen as a midshipman. Decatur supervised the construction of several U.S. naval vessels, one of which he later commanded. Promoted at age 25, he is the youngest man to reach the rank of captain in the history of the United States Navy. He served under three presidents, and played a major role in the early development of the U.S. Navy. In almost every theater of operation, Decatur's service was characterized by acts of heroism and exceptional performance. His service in the U.S. Navy took him ...
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Silver Certificate (United States)
Silver certificates are a type of representative money issued between 1878 and 1964 in the United States as part of its circulation of paper currency. They were produced in response to silver agitation by citizens who were angered by the Fourth Coinage Act, which had effectively placed the United States on a gold standard.Leavens, p. 24. The certificates were initially redeemable for their face value of silver dollar coins and later (for one year – June 24, 1967 to June 24, 1968) in raw silver bullion. Since 1968 they have been redeemable only in Federal Reserve Notes and are thus obsolete, but still valid legal tender at their face value and thus are still an accepted form of currency. Large-size silver certificates (1878 to 1923) were issued initially in denominations from to (in 1878 and 1880)Friedberg & Friedberg, p. 74. and in 1886 the , , and were authorized.Knox, p. 155. In 1928, all United States bank notes were re-designed and the size reduced. The small-si ...
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