| Section 14: Progress and problems | Previous Section | Main Menu | Next Section |
| After the Civil War, the federal government issued most of the nation’s notes. Deposit money gradually gained importance as well. But bank panics remained a problem throughout the 19th century, climaxing in a severe panic in 1907. | ||
| United States note and refunding certificate | ||
 $5 United States note |
 $10 refunding certificate |
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| Gold and silver certificates | Treasury or coin note | |
 $100 gold certificate |
 $20 silver certificate |
 Treasury or coin note |
| National bank notes | ||
 $10 national bank note |
 $20 national bank note |
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| Checks became more important | ||
 Georgia Railroad & Banking Company check |
 Georgia Railroad & Banking Company check |
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| Banking panics and scrip | When coins ran out, tokens like this one were issued | |
 $10 scrip from Altoona (Pennsylvania) Clearing House |
 $2 scrip from Altoona (Pennsylvania) Clearing House |
 Hard times token |
| America's most beautiful money | ||
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