Guess what 150th birthday happens today...
The U.S. dollar bill celebrates its 150th birthday today. But as the Financial Times reports, this isn't the cheeriest birthday that the green back has seen:
The US dollar, which turned 150 this week, is finally starting to act its age. After a stormy childhood, it spent much of its 20th century prime as the unquestioned linchpin of global finance, particularly during the Bretton Woods era, when it was tied to gold. Today, the greenback is the primary reserve currency, largely due to tradition and lack of alternatives. With traders unwilling to bet on the troubled euro and unable to bet against the renminbi, gold’s nominal record in dollar terms this week shows unease about the dollar’s long-term strength.
Click here to read more about the tumultous history of America's experiment with paper currency.
Related recent Blogs
- President Obama visits Baltimore factory to promote infrastructure investment as a means of revitalizing the middle class • by LDonia • 05/17/2013
- It's Fashion Friday, but NoCargo carries more than just American-made clothing! • by LDonia • 05/17/2013
- May 17, 2013 Headlines: Strengthening our national security, focusing on jobs, and more. • by LRaup • 05/17/2013
- Five reasons you should be concerned about the U.S. military's reliance on foreign manufacturers. • by LDonia • 05/16/2013
- Looking for a manufacturing job? Consider heading to one of these ten metro areas! • by mmcmullan • 05/16/2013
- National Retail Federation dismisses global safety plan for garment factories while Cambodian shoe factory collapses. • by LDonia • 05/16/2013
- OPINION: Aren't we better off buying safe, Made-in-USA products? • by scapozzola • 05/16/2013
- May 16, 2013 Headlines: factory collapses in Cambodia, U.S. retail industry dismisses plan for safer working conditions, & more • by LDonia • 05/16/2013
- U.S. Senate Passes Water Resources Development Act (WRDA) with Buy America Amendment Included. • by scapozzola • 05/15/2013
- And the crystal ball says that U.S. manufacturing is going up/down/sideways... • by scapozzola • 05/15/2013