1. MONEY Paige Riley

2. WHAT IS THE GREENBACK DOLLAR CASH!!

3. HISTORY  Circulation of foreign coins and competing state currency  Lincoln administration attempting to united the country!  Due to the war the government had no taxing ability  There for money was printed that was not backed.  In 1860’s the US printed $400 million to fund a war against itself  The value of these notes fluctuated based on the Union’s successes and failures during the civil war.

4. FIAT MONEY Fiat is a latin word meaning “let it be done” “Currency the a government has declared to be legal tender despite the fact that it has no intrinsic value and and is not backed by reserves. ”

5. CHARACTERISTICS OF FIAT MONEY  Faith based money declared tender legal by the government  No Intrinsic Value- there is no value or security held within the item itself  High risk of becoming worthless due to inflation  Most countries use fiat money the US dollar and the euro are both fiat.

6. NIXON SHOCK  After the Vietnam War the US was in a bit of economic pickle  The gold coverage of the US dollar decreased from 55% to 22%  Dollar was losing its value on the global marked as well  Nixon cancelled the the direct convertibility of the US dollar to gold  This later led to the collapse of the Bretton Woods system  UN agreement that established how value of global funds would be measured…by gold

7. ROTHSCHILD FAMILY  A European family that began in the late 1500’s Izaak Rothschild  Established European banking and finance houses in the 1700’s  The family was elevated to nobility in the 1800’s  Created a financial empire throughout Europe  Considered the pioneers of international banking DYNASTY

8. CONSPIRACY  Control the worlds wealth?  Started wars?  Illuminati?  Hand picked presidents?