1934 Depression Era $10 Currency
1934 Depression Era $10 Currency
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The note features a portrait of Alexander Hamilton, the first Secretary of the Treasury, adding a historical and educational aspect to its appeal.
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Issued during the Great Depression, this $10 bill symbolizes a pivotal time in American history, reflecting the government's shift from the gold standard and efforts to stabilize the economy.
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Lacking the "In God We Trust" motto and known as "greenbacks" due to the green ink on the back, these 1934 series notes are collectible for their unique design and historical significance in U.S. currency evolution.
Front Design: The front of the note features a portrait of Alexander Hamilton, the first Secretary of the Treasury of the United States. It includes the Treasury Seal and the Federal Reserve District Seal, with denominations displayed in each corner. The note also displays the series date "1934," along with the signatures of the Treasurer of the United States and the Secretary of the Treasury. The inscriptions "Federal Reserve Note" and "The United States of America" are prominently featured.
Back Design: The reverse side showcases the U.S. Treasury Building, symbolizing the nation's financial system and stability. The design is framed by intricate engravings, with the denomination "$10" displayed prominently. The words "Ten Dollars" are clearly inscribed.
Historical Significance: Issued during the Great Depression, this $10 note represents a crucial period in American history when the government took measures to restore economic stability. It is part of the series of Federal Reserve Notes that replaced the earlier Gold Certificates, reflecting changes in the nation's monetary policy.
Context of the Note: The 1934 series $10 note was introduced following the Gold Reserve Act, which prohibited private ownership of gold and led to a departure from the gold standard. This note represents a shift towards fiat currency, backed by the credit and authority of the federal government rather than gold reserves.
Additional Notable Features: The 1934 series $10 notes do not include the "In God We Trust" motto, which was not added until later. The use of green ink on the back earned these notes the nickname "greenbacks." These notes are collectible due to their historical context, design, and the significant changes they represent in U.S. currency history.
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