Source
Scholastic News Edition 5/6
Scholastic News Edition 5/6 helps students build skills and connects classroom learning to timely current events in an accessible, kid-friendly way.
Subscribe
An uncut sheet of $1 bills An uncut sheet of $1 bills (Mark Wilson / Getty Images)

The Dollar Bill’s Birthday

The U.S. $1 bill turns 150

November 3, 2008

Do you know whose face was on the first U.S. one-dollar bill? (Hint: It wasn’t George Washington’s.)

Salmon P. Chase appeared on the first dollar bills, which were printed 150 years ago, in 1862. At the time, he was the Secretary of the U.S. Treasury—the department that handles the government’s money.

Before 1862, gold and silver coins were the main national currency. That changed during the Civil War (1861-1865), when thousands of soldiers were fighting for the Union. President Abraham Lincoln needed a lot of money to pay the troops, but there was a shortage of coins.

A man named Spencer Clark came to the rescue. He built a machine that could cut bills from huge sheets of paper.

On August 29, 1862, Clark and five workers started cranking out bills in Washington, D.C. Today, the U.S. Bureau of Engraving and Printing is entrusted with that job. Each year, it prints billions of bills, ranging from $1 to $100.

This article will appear in the October 1, 2012 issue of Scholastic News Edition 5/6. For more from Scholastic News, click here.

 

  • Teacher Store
  • The Teacher Store  
    Fractions, Decimals, and Percents

    Fractions, Decimals, and Percents

    by David A. Adler and Edward Miller

    A day at a county fair provides a colorful setting for an in-depth, accessible lesson on the relationship between fractions, decimals and percents. Conveys "a sense of sheer fun."—Kirkus

    $4.46 You save: 25%
    Paperback Book | Grades 3-5
    Add To Cart
    Educators Only
    Fractions, Decimals, and Percents
    Grades 3-5 $4.46
    Add To Cart
  • Teacher Store
  • The Teacher Store  
    Flat Broke

    Flat Broke

    by Gary Paulsen

    14-year-old Kevin is full of ideas on how to tackle the problems of the world and no matter how disastrous his attempts are, he never gives up! "Totally hilarious"—SLJ

    $3.71 You save: 25%
    Paperback Book | Grades 6-8
    Add To Cart
    Educators Only
    Flat Broke
    Grades 6-8 $3.71
    Add To Cart
Privacy Policy
EMAIL THIS

* YOUR FIRST NAME ONLY

* FRIEND'S FIRST NAME ONLY

* FRIEND'S EMAIL ADDRESS

MESSAGE
Here's something interesting from Scholastic.com