119 posts on "Historical Echoes"
January 9, 2015
January 2, 2015
Historical Echoes: The Demise of Silver Certificates
On June 24, 1968, thousands of people swarmed assay offices in the United States, anxious to unload their holdings of silver certificates.
Posted at 11:04 am in Historical Echoes | Permalink
December 19, 2014
Historical Echoes: Santa Claus as Legal Tender
From 1793 until 1861, when the U. S. Treasury Department was given exclusive rights to produce legal tender, thousands of different styles of bank notes were created by U.S. banks.
November 21, 2014
Historical Echoes: Postage Stamps Portray Stories of American Banking History
Prior to 1876, there was fierce competition among engraving firms and private bank note companies for contracts to print U.S. Treasury bank notes.
November 14, 2014
Historical Echoes: Personal Effects
Does the Federal Reserve or the government care about pocketbooks?
Posted at 7:00 am in Historical Echoes | Permalink
November 7, 2014
Historical Echoes: A Stitch in Time Saves You from Carrying Around Worthless Money
Lauren DiCioccio, a mixed media artist, sews (in the sense of embroiders) money.
Posted at 7:00 am in Historical Echoes | Permalink
October 10, 2014
Historical Echoes: “Burns Money” on What’s My Line?
In a May 2014 Historical Echoes post, Marja Vitti describes what happened to money too old to be left in circulation: it was incinerated by the Federal Reserve Banks until passage of the Clean Air Act of 1970, after which the money was shredded.
Posted at 7:00 am in Historical Echoes | Permalink
August 22, 2014
Historical Echoes: Federal Reserve Clams
We’ve already talked about clams being used as money as late as 1933, but some genuine clam shells found during the construction of the New York Fed’s building at 33 Liberty Street sparked both geological interest and many witty remarks about “clams” being fossilized under a bank.
August 15, 2014
Historical Echoes: Caricatures of Financial Leaders in the National Portrait Gallery
Caricatures of Alan Greenspan and Warren Buffett in the National Portrait Gallery?
Posted at 7:00 am in Historical Echoes | Permalink
July 18, 2014
Historical Echoes: The Worst Bank Robbers in Mendham, New Jersey
There are many methods by which financial institutions can ready themselves for worst-case scenarios: they acquire FDIC insurance, they follow a variety of banking regulations, and they prepare for natural disasters, for starters.
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