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  • 03-05-2022
  • History
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What is paper money issued by the United States government

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  • 03-05-2022

After the Treasury issued Demand Notes, Congress authorizes a new class of currency known as “United States notes” or “Legal Tender notes.” These notes replace Demand Notes. They continue to circulate until 1971. Similar to Demand Notes, they are nicknamed "greenbacks."

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