Break out the candles and get ready to sing! Aug. 8 is the U.S. dollar's 228th birthday. Back in 1786, Congress decided that America deserved its own currency, and the dollar was born. To celebrate National Dollar Day, here's what you need to know about the history of U.S. money and some awesome treats you can buy for under a buck.
When the colonists first settled in North America in the late 1600s, they started using their own paper money. However, Britain didn't want its colonies to have their own currency, so there was a ban placed on these paper bills in 1764.
At the start of the Revolutionary War, the Continental Congress issued a new form of currency to pay for military expenses. However, the bills were easily forged, leading to serious inflation. If you've ever heard the phrase "it's not worth a Continental," this is where it came from.
In 1786, Congress finally announced that the dollar would be America's main form of currency. By the end of the century, the First Central Bank had been founded and new coins had been created to supplement the paper money.
These first bills were larger than the ones we use today and varied significantly in design. In 1929, the government implemented a new, more unified design for all bills. The size of the dollar shrunk 30 percent! The next redesign would happen in 1996 in response to counterfeiters. At this point, the Bureau of Engraving and Printing decided to redesign bills every decade to keep everyone on their toes.
That brings us up to the ever-evolving currency that we use today! A dollar may not go as far as it did in 1786, but you can still buy a few things for less than a buck. Here are 10 great products that you can call your own for just one George Washington:
- One song on iTunes
- An oyster during happy hour
- Monthly razors from the Dollar Shave Club
- A solar flower toy from Amazon.com
- 18 sticks of Trident gum
- Any of the Angry Birds apps
- One lime
- Two Reese's peanut butter cups
- A 3-ounce candle
- Anything off the McDonald's Dollar Menu
Enjoy your treat this Dollar Day and think about how far America has come in the last 228 years!
The information in these articles is intended to provide guidance on the proper maintenance and care of systems and appliances in the home. Not all of the topics mentioned are covered by our home warranty or maintenance plans. Please review your home warranty contract carefully to understand your coverage.
- 4 easy fire prevention tips for your home
- Did you know these simple tricks may fix your appliances?
- 3 appliances that can become fire hazards
- How to file a claim through HMS
- Did you know- these 3 common problems could spell disaster for your heating system?
- Baby it's cold outside: How to maintain your heating system
- Did you know: certain foods should never go down your garbage disposal
- 4 reasons to renew your home warranty
- How to get your appliances ready for the holiday season
- Do you need a home warranty?