7min chapter

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Summer School 4: Banker vs president and the birth of the dollar

Planet Money

CHAPTER

Greenbacks and the Birth of a National Currency

This chapter explores the introduction of the first U.S. paper money, known as greenbacks, during the Civil War and its implications for the nation's economy. It delves into the evolution of the U.S. banking system, the challenges of financial stability, and the eventual establishment of the Federal Reserve.

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