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What's the average lifespan of US paper money?

In the past, Money Digest has discussed how much it costs to manufacture U.S. currency, what it's really made from (hint: it's not paper), and why money is colored green. Following up with what we ...

This Day in History: US Congress creates currency required to be accepted as legal payment

February 25, 1862. Congress passed the Legal Tender Act, creating the greenback. This was the United States first paper ...