EPISODE · Jul 17, 2026 · 2 MIN
July 17: Greenbacks
from Dakota Datebook · host Carole Butcher
Paper money has been part of United States currency since the Continental Congress authorized a two-dollar note in June 1776. But those notes were not the paper money we know today. They were bills of credit used to fund the defense of a new country's struggle for independence. When the Constitution was ratified in 1788, it prohibited states from issuing bills of credit or using anything other than gold and silver as legal tender.
What this episode covers
Paper money has been part of United States currency since the Continental Congress authorized a two-dollar note in June 1776. But those notes were not the paper money we know today. They were bills of credit used to fund the defense of a new country's struggle for independence. When the Constitution was ratified in 1788, it prohibited states from issuing bills of credit or using anything other than gold and silver as legal tender.
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July 17: Greenbacks
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