Wednesday, May 6, 2020

Why Was Alexander Hamilton And Benjamin Franklin

My presentation is on why the pictures of American presidents are placed on money, and what the other symbols on money mean. I will also discuss why Alexander Hamilton and Benjamin Franklin are also on American money, despite the fact that they never served as President of the United States, and I will compare the symbols and portraits of Turkish lira to the symbols and portraits on the American dollar. Here are some interesting facts about American money: The United States Mint was created by Congress in 1792, tasked with creating and circulating official coinage. The Mint had the authority to convert any precious metals, like gold or silver, into standard coinage for anyone s account with no charge. President George Washington and Secretary of Treasury Alexander Hamilton asked Congress to pass the Coinage Act of 1792, which established the dollar as the basic unit of money for the United States. The word â€Å"dollar† is prounounced from the German word â€Å"thaler† , which means â€Å"coin†. Because of the lack of silver and gold mines in the United States, currency from other countries was allowed to be used to buy and sell goods and services until 1857, when silver and gold mines started to generate sufficient metal. In 1863, the National Banking Act was signed by President Abraham Lincoln, making the dollar the sole currency of the United States. A U.S. Note, also known as a Legal Tender Note, was paper money issued from 1862 to 1971 in the U.S. They earned the nameShow MoreRelatedWhat Makes A Great Leader?2212 Words   |  9 PagesMany people are responsible for providing Americans with the freedoms we have today. Benjamin Franklin, James Madison, and Alexander Hamilton were great world leaders due to their contributions to society, government, and public relations. 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