What do you know about money? We all want it…and I’m sure there are some of us who would do some crazy, embarrassing things just to get some of it (Fear Factor, anyone?). But when all is said and done, it’s just paper, right?
- Before the days of paper money, Americans traded animal skins, including deer & elk bucks, for goods and currency. Hence the word “buck” to describe money.
- Zero Trees are cut down each year to make your money. All paper currency is made from a custom blend of 25% cotton and 75% linen. It’s closer to cloth than paper. Additionally…this blend cannot legally be used by anyone outside the Bureau of Engraving and Printing.
- A check is only an instruction to a bank, therefore it can be written on anything. In the past, people have written checks on such things as stone slabs, bananas, and cows.
- It costs 1.5 cents to make one penny. Over the years, the cost of production has fluctuated.
- On average, the flu virus can survive outside of the body for about 48 hours…it can live on a dollar bill for over 10 days!
- It wasn’t until 1963 that the motto “In God We Trust” appeared on U.S paper currency. Interestingly so, this motto is by law, the national motto- signed by President Eisenhower in 1956.
- During the Middle Ages, knights did not want to carry cash around because of robbers. Instead, knights wore special rings. When a knight stayed at an inn, for example, he would stamp the bill with his ring. The innkeeper later took the stamped bill to the knight’s castle to be paid.
- The word “bankrupt” is from the Italian banca rotta, literally “broken bench.” In the years of early banking, people who exchanged, stored, or lent money did their business in the public marketplace at a bench. If the man at the bench, or the “banker,” ran out of money or was unfair, his bench would be broken.
- A person who drives 10 miles to buy a lottery ticket is 3 times more likely to be killed in a car accident while driving to buy the ticket, than he is to win the jackpot.
- Icelanders use credit cards and debit cards more than any other country in the world. Seventy percent of all consumer business in Iceland is done with plastic, compared to 39% in North America.
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