Museum of American Finance Photo: Museum of American Finance

Museum of American Finance is located where it should be – on wall street, in a former Bank building in new York. He is relatively young (founded in 1988), but its exhibits are excellent samples of the full dramatic story of the most powerful financial system in the world.

The Creator of the US financial system is considered one of the founding fathers of the Republic, Alexander Hamilton. An illegitimate child born in the backwoods of the island of Nevis in the Caribbean, showed such ability that the rich plantation owners sent him to study in Boston. Here Hamilton volunteered in the troops of the rebellious colonies and showed great personal courage. Brilliant officer became the assistant to the commander-in-chief George Washington, and after the war – Congressman. He had a chance to solve the problems associated with non-payment of promised wages to soldiers and officers, is threatened by insurgencies. In 1789 President Washington appointed Hamilton as Minister of Finance. It is Hamilton created the first national Bank and US Mint. The great statesman was killed in a duel with Vice President Aaron Burr in 1804. One of the exhibitions of the Museum tells about the life and work of this key character of American history.

Own money America began producing during the war for independence – before the colonies were paying British pounds and Spanish silver Reales, which are called dollars. When in 1794 the U.S. government began to mint its own coins, the new name she can think of. The Museum presents the most money from different eras, including beaver skins, which were used by American Indians, a huge gold bar, worth today about two million dollars, Treasury bonds, signed personally by George Washington.

Until 1861 the US had no uniform system of currency, paid either in specie or by cheque. The impetus for the production of modern currency has become a Civil war. The Congress adopted a decision on the enormous monetary expansion, the company, the contractor for the painting of the banknotes found green paint – the paper dollar has gained green.

The Museum collection includes more than ten thousand exhibits – notes and coins, checks, bonds, stocks, rare historical documents and artifacts related to cash handling. Here you can see the signed Isaac Newton famous documents of the Company of the Southern seas, whose collapse in the XVIII century gave rise to the European financial panic, the real Ticker machine, which conveyed a message about the stock crash of 1929, Bank check, signed by John D. Rockefeller.

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