{"page":"\n\n
\n
\n
\n
\n
\n\nVideo\n
\n

\n121 The US Dollar - One Minute History\n

\n
\n
\nGet Free Access for 10 Days!\n
\n
\n
\n
\n
\n
×
\n\n\n
\n\nPublisher:\n\nOne Minute History\n\n\n
\n
\nIn order to fund the American Revolutionary War, The Continental Congress created a paper currency called the “Continental”. It’s value plummeted after the war leading to the coinage act of 1792, which created the US Dollar in the form...\nIn order to fund the American Revolutionary War, The Continental Congress created a paper currency called the “Continental”. It’s value plummeted after the war leading to the coinage act of 1792, which created the US Dollar in the form of a silver coin. Gold and silver were the only legal tender in the US until another paper currency called the “Greenback” was created tom fund the ”Civil War”. In1873, the standard was set back to gold. The first paper US dollar was printed in 1914 when the Federal Reserve Bank was established. During World War Two, allies traded gold for the dollar, making the United States the World’s largest holder of gold and propelling the dollar to world dominance. In 1970, Nixon removed the gold standard, making the dollar no longer redeemable for gold. It’s value was blacked solely by the might of the US government. \n
\n
\n\n
\n
\n
\n
\n

Resource Details

\n
\n
\n
\n
Curator Rating
\n
\n
\n
\n
\n
\n
Educator Rating
Not yet Rated
\n
\n
\n
\n
\n
Media Length
\n
1:00
\n
\n
\n
\n
\n
Grade
12th - Higher Ed
\n
\n
\n
\n
\n
Subjects
Social Studies & History
4 more...
\n
\n
\n
\n
\n
Media Type
Instructional Videos
\n
\n
\n
\n
\n
Source:
\n
\nOne Minute History\n\n
\n
\n
\n
\n
\n
Date
\n
2023
\n
\n
\n
\n
\n\n
Language
English
\n
\n
\n
\n
\n
Audiences
For Teacher Use
2 more...
\n
\n
\n
\n
\n
Usage Permissions
Fine Print: Educational Use
\n
\n
\n
\n
\n
\n

Additional Materials

\n
\n\nSign in or Join Now
\" data-title=\"Get Full Access\" data-container=\"body\" rel=\"popover\" tabindex=\"0\" href=\"/subscription/new\">Video Transcript\n
\n
\n\nSign in or Join Now
\" data-title=\"Get Full Access\" data-container=\"body\" rel=\"popover\" tabindex=\"0\" href=\"/subscription/new\">Video Preview\n
\n
\n
\n

Concepts

\n
\n
american history, silver, gold
\n
\n\n\n
\n
\n
\n
\n

Additional Tags

\n
\n
history lesson, one minute history, one minute, the united states dollar, who made the dollar first, how the the dollar start, history of the dollar bill, the first dollar bill, paper money, how was money made, history of money and gold, the history of gold, dollar vs gold, the creation of money, what was the first currency, dollar bill, spanish dollar, american dollar, the us sontinentals, whats was the united states first currency, federal reserve, paper currency, created, standard, world, fund, continental, dollar, called, printed, making
\n
\n\n\n
\n
\n
\n
\n

Classroom Considerations

\n
Best For: Explaining a topic
Video is ad-free
\n
\n
\n

Educator Ratings

\n
\n
\n
\n
\n
\n\nShow resource details\n
\n
\n\" data-title=\"Get Full Access\" data-container=\"body\" rel=\"popover\" tabindex=\"0\" aria-label=\"Play video: 121 The US Dollar - One Minute History\" href=\"/subscription/new\">\"121\n\n
\n
\n
\n\n\n\n"}