A United States Note, also known as a Legal Tender Note, is a type of paper money that was issued from 1862 to 1971 in the U.S. Having been current for over 100 years, they were issued for longer than any other form of U.S. paper money. They were known popularly as "greenbacks" in their heyday, a name inherited from the Demand Notes that they replaced in 1862. Often called Legal Tender Notes, they were called United States Notes by the First Legal Tender Act, which authorized them as a form of fiat currency. During the 1860's the so-called second obligation on the reverse of the notes stated:
This Note is Legal Tender for All Debts Public and Private Except Duties On Imports And Interest On The Public Debt; And Is Redeemable In Payment Of All Loans Made To The United States.
They were originally issued directly into circulation by the U.S. Treasury to pay expenses incurred by the Union during the American Civil War. Over the next century, the legislation governing these notes was modified many times and numerous versions have been issued by the Treasury.
United States Notes that were issued in the large-size format, before 1929, differ dramatically in appearance when compared to modern American currency, but those issued in the small-size format, starting in 1929, are very similar to contemporary Federal Reserve Notes with the highly visible distinction of having red U.S. Treasury Seals and serial numbers in place of green ones.
Existing United States Notes remain valid currency in the United States. However, since no United States Notes have been issued since January 1971, they are vanishingly rare in circulation.
Other articles related to "united states note, united states, states, note, notes":
... The United States Congress had enacted the Legal Tender Acts during the U.S ... Secretary Chase had become Chief Justice of the United States and a Democrat, and spearheaded the decision invalidating his own actions during the war ... The states in the far west stayed loyal to the Union, but also had hard money sympathies ...
... was changed to its current size, the $2 bill was issued only as a United States Note ... The note's seal and serial numbers were red ... of 1928 $2 bill featured the treasury seal superimposed by the United States Note obligation to the left and a large gray to the right ...
... in ≅ 189 × 79 mm) 1862 The first one-dollar bill was issued as a Legal Tender Note (United States Note) with a portrait of Salmon P. 1869 The $1 United States Note was redesigned with a portrait of George Washington in the center and a vignette of Christopher Columbus sighting land ... The obverse of the note also featured green and blue tinting ...
... The Thirtieth United States Congress was a meeting of the legislative branch of the United States federal government, consisting of the United States Senate and the United States House of Representatives ... of seats in the House of Representatives was based on the Sixth Census of the United States in 1840 ...
... ( 7.4218 × 3.125 in ≅ 189 × 79 mm) 1861 Three-year 100 dollar Interest Bearing Notes were issued that paid 7.3% interest per year ... These notes were not primarily designed to circulate, and were payable to the original purchaser of the dollar bill ... The obverse of the note featured a portrait of General Winfield Scott ...
Famous quotes containing the words united states, note, united and/or states:
“... when we shall have our amendment to the Constitution of the United States, everyone will think it was always so, just exactly as many young people believe that all the privileges, all the freedom, all the enjoyments which woman now possesses were always hers. They have no idea of how every single inch of ground that she stands upon to-day has been gained by the hard work of some little handful of women of the past.”
—Susan B. Anthony (18201906)
“What is line? It is life. A line must live at each point along its course in such a way that the artists presence makes itself felt above that of the model.... With the writer, line takes precedence over form and content. It runs through the words he assembles. It strikes a continuous note unperceived by ear or eye. It is, in a way, the souls style, and if the line ceases to have a life of its own, if it only describes an arabesque, the soul is missing and the writing dies.”
—Jean Cocteau (18891963)
“I hate to do what everybody else is doing. Why, only last week, on Fifth Avenue and some cross streets, I noticed that every feminine citizen of these United States wore an artificial posy on her coat or gown. I came home and ripped off every one of the really lovely refrigerator blossoms that were sewn on my own bodices.”
—Carolyn Wells (18621942)
“The moment a mere numerical superiority by either states or voters in this country proceeds to ignore the needs and desires of the minority, and for their own selfish purpose or advancement, hamper or oppress that minority, or debar them in any way from equal privileges and equal rightsthat moment will mark the failure of our constitutional system.”
—Franklin D. Roosevelt (18821945)