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Evolution Of The Dollar Essay

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Have you ever wondered what the dollar was worth in the 1900’s? This paper is on everything you need to know about the dollar, its value, and how it affects our economy. Some people think that the dollar has not changed and has always been worth the same price, but the price of the dollar has also gone up and down in value since 1900. The first dollar was created in 1862 and has changed many times since. Congress also changed U.S. currency in 1960 when they got rid of the silver certificate and stopped using silver in quarters and dimes. The dollar bill today was actually created in 1963, most of the illustrations on the dollar bill are from 1929 when it changed in size. Not only did congress get rid of the silver certificate, but they also …show more content…
The dollar has decreased in value since 2002 but, still has done damage from the high value of 1990. When the value dropped in 2002 people lost a lot of money. Roughly 740,000. Lost their manufacturing jobs due in 2002 and over 2.6 million lost jobs since 1998. When people lost their jobs they couldn’t make money and even if they did, it wouldn’t be worth much anymore. This was really bad for America U.S., because people couldn’t buy what they needed. The U.S. dollar has gone up in value since 1995 and stopped rising in 2002. Then it fell from 2002 to 2003, this has been the latest big since 1973. This is how the dollar changed our economy and life forever, not just in food and oil but also in jobs and everyday lives. In conclusion the dollar has changed in the last 20 years and it has it decreased, but also increased or so and has affected our economy today in many ways. Not only has it decreased, but also increased in value many times. The dollar is a big part of American history, not just in stores, but how it affect us when it dropped and when it arose. This is more than a dollar to us, it affected the way we live now. Next time you buy something imagine that it might have cost different years ago. This is how the dollar is a big part of U.S.

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