Email
Print Friendly
A A A

Story of Money


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
 
 
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
 
 
Checks became more important

Georgia Railroad & Banking Company check

Georgia Railroad & Banking Company check
 
 
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