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Economics
Making Money



Making Money
Reading Level
     edHelper's suggested reading level:   grades 1 to 3
     Flesch-Kincaid grade level:   5.55

Vocabulary
     challenging words:    billion, bills, certificate, copper-colored, disme, dollar, dollar-bills, eisenhower, gold-colored, gram, grams, half-dollar, hundred-dollar, jobs, kinds, lasts
     content words:    Civil War, George Washington, United States Congress, United States Mint, United States, San Francisco, West Point, New York, Fort Knox, Abraham Lincoln


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Making Money
By Kathleen W. Redman
  

1     Did you know that a dollar bill, a five-dollar bill, a ten-dollar bill, and a one hundred-dollar bill all weigh the same? The approximate weight of all U.S. bills is one gram. There are 454 grams in one pound. If you had a pound of one-dollar bills, you would have $454.00!
 
2     The U.S. Department of the Treasury has been printing paper bills since 1861. During the Civil War, bills were printed for three cents, five cents, ten cents, twenty-five cents, and fifty cents. The paper "coins" had to be printed because people were saving their metal coins. They knew the metal coins would always be worth something.
 
3     The Bureau of Engraving and Printing calls bills "notes." The largest note ever printed was the $100,000 gold certificate. The largest note in use by the general public now is the one hundred-dollar bill.
 
4     The average amount of time a one-dollar bill lasts in use is about twenty-one months. One hundred dollar-bills last about eighty-nine months. They last longer because they are not passed from one person to another as many times as one-dollar bills are.
 
5     Only one woman has had her picture on American currency notes. Martha Washington's picture was put on one-dollar notes in 1886. Her husband, George Washington, had his picture printed on one-dollar notes in 1869.

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