Have you ever seen 100 000$ bill?!steemCreated with Sketch.

in #money6 years ago

Here is little story about 100k (100,000) USD bill that you would like to know by the way ot is the highest single bill denomination ever printed in the US...

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In 1933, President Franklin Roosevelt ordered all US citizens to surrender all gold coins, gold bullion, and gold certificates in their possession. This was at the height of the Great Depression when people hoarded their gold and refused to accept paper money. In fact, paper money became so worthless that barter (the exchange of goods for other goods or services) became the preferred medium of exchange.

With most citizens separated from their gold, they were forced to spend the paper money. The federal government itself printed more money including a new $100,000 bill that featured the portrait of Woodrow Wilson, the 28th president of the United States.

There was a catch though. The bill was not legal tender since it was not intended for general use. It was specially made for branches of the Federal Reserve to use in high-value transactions. It remains the highest single bill denomination ever printed in the US.

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