Federal Reserve notes, introduced in 1913 after the creation of the Federal Reserve System, are the main form of US paper currency still used today; the Federal Reserve manages their supply to support economic stability, and their designs have evolved over time to include improved printing techniques and security features to prevent counterfeiting.
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Part 10 Currency in the United States Explained#money#moneyexplained#currency#explained#banknotesAdded:
Federal Reserve notes.
In 1913, the United States created the Federal [music] Reserve System to provide stronger control over the nation's banking and currency [music] supply. Soon after, a new type of paper money called Federal Reserve notes was introduced. [music] These notes are the main form of US paper currency still used today.
The Federal Reserve manages the supply of these notes [music] to support economic stability.
Over time, the designs evolved to include [music] improved printing techniques and security features to prevent counterfeiting.
This is only a small part of the full story. In the full video on the channel, I showed even more of the strangest and most unbelievable currencies that actually existed. Click the button below or visit the Money Explained channel to watch the full version.
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