Bell Ringers

Bell Ringer: Greenbacks and Early Currency in the United States

Bank Notes and Shinplasters

Author Joshua Greenberg discussed the system of paper currency that was in place prior to the establishment of the Greenback. He explained how bank notes and shinplasters were used as currency and the challenges with this system.

Description

Author Joshua Greenberg discussed the system of paper currency that was in place prior to the establishment of the Greenback. He explained the challenges in using bank notes and shinplasters as currency and how the Civil War changed this system.

Bell Ringer Assignment

  • What were bank notes and how did they serve as currency prior to the Civil War?
  • Explain the challenges with using bank notes as currency.
  • How were shinplasters different from bank notes?
  • What were challenges with using shinplasters?
  • How did the federal government change the system of currency during the Civil War?
  • What were the advantages of using Greenbacks over bank notes and shinplasters?
  • What is meant by fractional currency? Why is that important?

Additional Resources

Participants

    Vocabulary

    • Bank Notes
    • Circulate
    • Currency
    • Face Value
    • Fractional Currency
    • Greenbacks
    • Legal Tender
    • Merchants
    • Redeem
    • Shinplasters

    Topics

    Economics & Financial LiteracyU.S. History

    Grades

    High SchoolUniversity