This video basically sums up the distribution of wealth throughout the US population. The distribution of wealth in other countries, like the UK, is very similar. These figures are more than a decade old. It’s even more concentrated now.
Duration : 0:0:46
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All us money starting with smallest demononation
penny
nickel
dime
quarter
all 50 states
6 2009 quarters
dc and district of columbia
50 cent piece
1 dollar coin
$1
$2
$5
$10
$20
$50
$100
$500
$1000
$10000
$100000
e continental currency suffered from printing press inflation and was replaced by the silver dollar at the rate of 1 silver dollar = 1000 continental dollars.
[edit] Silver and gold standards
From 1792, when the Mint Act was passed, the dollar was pegged to silver at 371.25 grains, 24.75 grains (1.604 g). Many historians[who?] erroneously assume gold was standardized at a fixed rate in parity with silver, however there is no evidence of Congress making this law. This has to do with Alexander Hamilton’s suggestion to Congress of a fixed 15:1 ratio of silver to gold, respectively. The gold coins that were minted however, were not given any denomination whatsoever and traded for a market value relative to the Congressional standard of the silver dollar. 1834 saw a shift in the gold standard to 23.2 grains (1.50 g), followed by a slight adjustment to 23.22 grains (1.505 g) in 1837 (16:1 ratio).[citation needed]
In 1862, paper money was issued without the backing of precious metals, due to the Civil War. Silver and gold coins continued to be issued and in 1878 the link between paper money and coins was reinstated. This disconnect from gold and silver backing also occurred during the War of 1812. The use of paper money not backed by precious metals had occurred under the Articles of Confederation from 1777 to 1788 when paper money became referred to as “not worth a continental”. This was a primary reason for the “No state shall… make any thing but gold and silver coin a tender in payment of debts” clause in article 1, section 10 of the United States Constitution.
In 1900, the bimetallic standard was abandoned and the dollar was defined as 23.22 grains (1.505 g) of gold, equivalent to setting the price of 1 troy ounce of gold at $20.67. Silver coins continued to be issued for circulation
Duration : 0:3:47
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Duration : 0:9:59