Trivia Question 11/1/12 – Dollar Bill

1862 Dollar BillWith the Presidential election less than a week away, we thought we’d come up with a question that has to do with our very first President, George Washington.  We’re used to seeing Washington’s portrait on today’s one dollar bill, but…

QUESTION:

Who’s portrait was on the one dollar bill when George Washington was President?

ANSWER:

Nobody.  There was no one dollar bill when Washington was President.

EXPLANATION:

Although experiments with paper money did occur throughout the early history of the country, they were largely unsuccessful. People, for good reason, didn’t trust the notes and preferred gold and silver coin. In 1861, needing money to finance the Civil War, Congress authorized the issuance of Demand notes in $5, $10 and $20 denominations. The Demand notes were so named because they were redeemable in coin “on demand.” The notes were nicknamed Greenbacks, a name which is still in use today to refer to United States currency.

The first $1 bill was issued in 1862 as a Legal Tender Note with a portrait of Salmon P. Chase, the Treasury Secretary under President Abraham Lincoln.

NET CHECK IN’s:

A total of 30 people checked into the Net tonight and 9 of those had the correct answer.  Congratulations to:

  • Robert – KE6CZH
  • Khalil – K6FCC
  • Alex – KJ6JXL
  • Al – KJ6LPE
  • Ron – K6MSU
  • Phil -K6MUG
  • Greg – N6RRY
  • Leon – AF6TT
  • Louie – AD6UP

Thanks to everyone who checked into the Net tonight.

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