The American Currency Exhibit Online Quiz

Please complete this quiz and print out your answer sheet for your teacher.

1. Name two primary roles the First Bank of the United States performed until 1811.

2. Why did President Andrew Jackson veto the re-charter of the Second Bank of the United States? What ramification did this decision have on U.S. currency?

3. What were “shinplasters, shingles, stump tails, and red dogs”?

4. Why was financing the Civil War seen as a catalyst for the continuing evolution of U.S. Currency?

5. What caused the scarcity of coins during the Civil war?

6. Find the Spencer Clark bill. Why is this bill significant?

7. What law was signed into existence to solve the United States’ money and credit problems after the Civil War? Was it successful in establishing more U.S. government control over the issuance of currency?

8. What caused the United States to increase its reserves of precious metals in the late nineteenth century?

9. Why was the Federal Reserve Act passed in 1913?

10. What was the purpose behind Allied Military Currency?

Bonus Question: (Visit www.moneyfactory.com for the answer.)

Name the three security features on the new $10 bill: