by Anonymous on October 29th, 2006

Anonymous

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When and how did u.s. paper currency(money), become the color green?

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  • by Im Alec has abandoned this account on October 29th, 2006

    Im Alec has abandoned this account

    The first "greenback" notes were the Demand Notes of 1861.

    http://en.wikipedia.org/wiki/Demand_Note

    These were effectively zero-interest bonds - they were not legal tender but could be exchanged for such. However, within a year they were followed by formal currency notes which had the same value.

    US currency printing tracked "state of the art" anti-forgery up to about the 1890s, when it froze. The international status of "the greenback" caused its format to be frozen unti quite recently.

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  • by latkins on October 17th, 2007

    latkins

    why is u.s. currency the color green?

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