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The dollar: what's it to you?


The love of Mom and home may be your first priorities in life, but the love of money may run a close third. Most people know where, how and why they spend their money, but what do you actually know about the legal tender?

It's a fact, for example, that not only can you use a dollar bill for its buying power Buying Power

The money an investor has available to buy securities. In a margin account, the buying power is the total cash held in the brokerage account plus maximum margin available.

Also referred to as "Excess Equity.
, but as an American history lesson as well.

Take the front of a dollar bill. The serial numbers there describe where and when the bill was printed. These numbers are used for national security and identification purposes.

But this is only the beginning. If you turn your bill over, you get a visual presentation of Yankee patriotism in a 6-by-3-inch frame.

What you see first are the two sides of the Great Seal of the United States Great Seal of the United States: see United States, Great Seal of the. , which was created in 1782. The recurring re·cur  
intr.v. re·curred, re·cur·ring, re·curs
1. To happen, come up, or show up again or repeatedly.

2. To return to one's attention or memory.

3. To return in thought or discourse.
 theme of the seal is the number 13. On the front of the seal, there is a picture of an American bald eagle bald eagle

Species of sea eagle (Haliaeetus leucocephalus) that occurs inland along rivers and large lakes. Strikingly handsome, it is the only eagle native solely to North America, and it has been the U.S. national bird since 1782. The adult, about 40 in.
 holding 13 arrows (symbolizing sym·bol·ize  
v. sym·bol·ized, sym·bol·iz·ing, sym·bol·iz·es

v.tr.
1. To serve as a symbol of:
 war), 13 olive leaves (symbolizing peace), 13 stripes on its shield (which stand for unity), and 13 stars above its head (the number of the original colonies).

The back of the seal shows a pyramid with a triangular eye at the top. This image symbolizes mateial strength, endurance and the belief that the eternal eye of God is ever watchful over America and its interests.

You could teach a whole history class on the dollar bill and the quizzes are just as much fun: What's the difference between the Treasurer of the United States TREASURER OF THE UNITED STATES, government. Before entering on the duties of his office, the treasurer is required to give bond with sufficient sureties, approved by the secretary of the treasury and the first comptroller, in the sum of one hundred and fifty thousand dollars, payable to  and the Secretary of the Treasury? Why are both their signatures printed on the bill? How many holders of which office have been women? For trivia buffs The name Buffs can mean:
  • Buffs (Royal East Kent Regiment), a British army unit
  • Royal Antediluvian Order of Buffaloes
  • Buffs Company, a Rifle Company of The Queen's Own Rifles of Canada that parades out of Dalton Armoury in Scarborough.
: How many times does the number "1" appear on the bill? How many times does the word "one" appear? How can you tell which Federal Reserve Bank branch your bill was issued from? For the answers to these and other questions, call the Federal Reserve at 404-521-8020 and request a copy of Fundamental Facts About U.S. Money.

There are a lot more of these fun facts, so the next time you find yourself with a dollar bill and some spare time, look over the curious thing that's been blamed for everything from being the root of all evil to making the entire world go 'round. What you learn may be worth more than just 100 pennies.
COPYRIGHT 1994 Earl G. Graves Publishing Co., Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1994, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Title Annotation:Moneywise
Author:Azizi, Ayubu
Publication:Black Enterprise
Date:Oct 1, 1994
Words:411
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