bonds were issued by the government to raise money during WW1
paper $$$ - AnDrea C. chheeaaa!
World War 1 sparked a hatred for the government of Russia by their people. This eventually led to the Russian Revolution of 1917. I have a short paper that i have written on the topic if you would like to know a little of what happen to Russia between the two World wars. leave me a comment and i will post the paper if you would like.
China.
Yes it is phoney money.
China.
1863
money that can not convertible into the Gold and Silver like paper and coins money issued by Government.
bonds
B. legal tender act
Fiat money. This is money that has no tangible value. An alternative is gold, which in itself has tangible value.
The first people to use paper money were the Chinese during the Tang Dynasty in the 7th century. The government issued the world's first official paper money to reduce the need to carry heavy metal coins.
paper money
paper $$$ - AnDrea C. chheeaaa!
Paper money of the United States is issued as Notes by the Federal Reserve, signed by the Secretary of the Treasury and the Treasurer of the US and is backed by the "full faith and credit" of the United States. So it is issued by and in the name of the US Government.
The first known paper currency was issued in China during the Tang Dynasty in the 7th century. It was introduced by merchants and eventually adopted by the government to facilitate trade.
Paper money is issued by the Federal Reserve.
When paper was first printed, the states were still colonies. The colonies released the paper money and called them bills of credit. They were issued by the government and then citizens used them to pay their taxes.