@inventionontt: The United States one hundred thousand dollar bill (US$100,000) is a former denomination of United States currency, a gold certificate, issued for two years from 1934 to 1935 as designated for Federal Reserve use. The bill never circulated publicly, rather having been used as a large denomination note for gold transactions between Federal Reserve Banks. Featuring President Woodrow Wilson, the $100,000 bill was initiated by the Bureau of Engraving and Printing under the order of President Franklin D. Roosevelt in response to the hoarding of gold during the Great Depression, believed to be slowing economic regrowth. Executive Order 6102, signed by President Roosevelt, was ratified by the United States Congress in 1934. Executive Order 6102 prohibited the hoarding of gold certificates, accompanied also by bullion and coins. Approximately 42,000 of the $100,000 bills were printed between 1934 and 1935. Many of the $100,000 bills were destroyed in the years following their commission, with the remaining few in possession of the United States federal government. The $100,000 bill, in possession aside from the federal government, is deemed illegal on account of its large denomination and the regulations declared at its signing. The bill, outside of the federal government, may only be used for educational purposes, particularly in museums for public viewing. The Smithsonian Museum along with the Federal Reserve System are known to have one hundred-thousand-dollar bills in their ownership. (Via: Franklin Noll | Bureau of Engraving and Printing) #History #Science #education #learn #invention #entertainment #news #interesting #Tech #facts #story #fyp #viral #explore

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Monday 26 February 2024 01:36:48 GMT