The Story of Money: 14--Progress and Problems

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
$5 United States note
$10 refunding certificate
$10 refunding certificate
 
 
Gold and silver certificates Treasury or coin note
$100 gold certificate
$100 gold certificate
$20 silver certificate
$20 silver certificate
Treasury or coin note
Treasury or coin note
 
National bank notes
$10 national bank note
$10 national bank note
$20 national bank note
$20 national bank note
 
 
Checks became more important
Georgia Railroad & Banking Company check
Georgia Railroad & Banking Company check
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
$10 scrip from Altoona (Pennsylvania) Clearing House
$2 scrip from Altoona (Pennsylvania) Clearing House
$2 scrip from Altoona (Pennsylvania) Clearing House
hard times token
Hard times token
 
America's most beautiful money
beautiful American money
beautiful American money
beautiful American money