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On this blog you I am going to share my world with you. What can you expect to find here -- First of all lots of sexy men, off all shapes and types, something for everyone, as I can find beauty in most men. You are going to find that I have a special fondness for Vintage Beefcake and Porn of the 60's, 70's, and 80's. Also, I love the average guy, and if you want to see yourself on here, just let me know. Be as daring as you like, as long as you are of age, let me help you share it with the world! Also, you are going to find many of my points of views, on pop culture, politics and our changing world. Look to see posts about pop culture, politics, entertainment, sex, etc. There is not any subject that I find as something I won't discuss or offer my point of view. Most of all, I hope you are going to enjoy what I post. ENJOY!

Thursday, March 10, 2016

March 10th is US Paper Money Day

On this date in 1862, the United States issued its first paper money in bills worth $5, $10, $20, $50, $100, $500, and $1,000.

Are you surprised that there was no paper money in the U.S. until 1862? I sure was!

It turns out, of course, not to be so simple. There was paper currency (money) in America since at least 1690, when the Massachusetts Bay Colony issued some and then other colonies followed suit. Coins and barter—such as trading a chicken for a basket of vegetables—had been common up to that point, but there was a lot of trade within and between colonies, and coins were scarce—so the colonial governments printed notes that were supposed to be redeemable for silver or gold.

Sometimes, when somebody went to the bank to trade their paper money for silver or gold, the notes were redeemed, and the customer got the precious metals, and everyone was happy. But when bankers couldn't redeem paper money by paying out silver and gold, people lost faith in paper money.

During the Revolutionary War, the need for money was great, and the Continental Congress decided to issue federal paper currency. These dollars were called Continentals, and they were backed with “anticipation” of future tax dollars. In other words, this paper money wasn't backed up at all!

And so people didn't trust the paper money very much.

When people don't trust paper money, it really does lose its value. After all...if people won't give you food or clothes or services when you hand them paper money...then the paper money isn't really money. It's just paper!

All of this mistrust of paper money before the United States was quite born is the reason that it took our federal government so long to issue paper money!

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