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jan 5, 1861 - Demand Notes

Description:

In order to finance the Civil War, Congress authorizes the U.S. Department of the Treasury to issue non-interest-bearing Demand Notes. These notes earn the nickname “greenbacks” because of their color. All U.S. currency issued since 1861 remains valid and redeemable at full face value.

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Money History

ByCollin Miller
8 Feb 2020
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Date:

jan 5, 1861
Now
~ 164 years ago
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