
	History of Money

	Introduction Trading Birth of Money The First Coins U.S. Money Trail Mint Act “Greenbacks” Now What? Quiz

“Greenbacks”

The use of paper bills did not begin until the mid 1800’s! In 1861, when the Civil War began, the U.S. was in great need for money.

So, on July 17th, 1861, the Treasury Department was allowed to print and circulate paper money, which was nicknamed, “Greenbacks.”