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"paper money" Definitions
  1. money that is made of paper, not coins
"paper money" Antonyms

207 Sentences With "paper money"

How to use paper money in a sentence? Find typical usage patterns (collocations)/phrases/context for "paper money" and check conjugation/comparative form for "paper money". Mastering all the usages of "paper money" from sentence examples published by news publications.

If we lose faith in paper money, paper money ceases to have any value.
His great plan was to replace gold with paper money.
The liabilities also include paper money and deposits from the Treasury.
Andrew Jackson actually thought the United States shouldn't print paper money.
Know that folks also were skeptical when paper money displaced gold.
Can they get it from paper money or the swimming pool?
Yet good luck finding anyone with paper money in her purse.
The $68 billion valuation is just paper money until a liquidity event.
Any time you come asking for you paper money, we'll return it.
Those digits in the computers were backed by our deposited paper money.
We see the images on paper money daily, some more than others.
Again, paper money was not considered legal tender up until this point.
"Paper money is going away," Musk said in a podcast released Tuesday.
Residents of Elorza can get the paper money at the mayor's office.
Instead, the smaller banks took deposits, made loans, and issued paper money.
Outsiders trying to use paper money get blank stares from store clerks.
One pound in paper money was backed by 123.25 grains of actual gold.
There is $70 billion of paper money no one can sell or exit.
But I think it's very exciting because our money, our paper money, is symbolic.
The national motto appeared on paper money for the first time a year later.
Some outlets reported that you should use contactless payment methods instead of paper money.
This valuation is just paper money until a liquidity event, like an IPO or acquisition.
During the Song Dynasty (210-73), the Chinese were the first to use paper money.
This left the task of printing paper money to the states and to private banks.
It's genuinely hard to pay with paper money in China, given the ubiquity of WeChat.
Demonetization did boost the use of digital money, which is more efficient than paper money.
Getting paper money from a bank teller may be less a novelty than a necessity.
Paper money created huge waves of price increases and declines along with the business cycle.
People threw fake paper money around, something that is traditionally done to commemorate the dead.
"Although the current speculative interest in cryptocurrencies is more to do with blockchain technology than a loss of faith in paper money, at some point there will likely be some median of exchange that becomes more universal and a competitor of paper money," Reid says.
In Sweden and other parts of northern Europe, by contrast, paper money is becoming a rarity.
It sometimes breaks down and it did in the French Revolution, when paper money became worthless.
Moreover, carrying large sums of paper money can be inherently less secure than accepting cash digitally.
With more and more security concerns, people may be right to seek comfort in paper money.
She burned several stacks of paper money by the old willow stump at the well pond.
Paper money was now "fiat" currency, underpinned by the authority of the bank and nothing else.
But the program was rolled out so quickly that businesses and households scrambled for paper money.
There's stacks of paper money printed on the myth that some institution — cotton, housing — is unshakable.
That year all paper money changed, with more standard designs and smaller size to save costs.
According to Altucher, society has made major changes to its currency a few times in history: Gold replaced barter as a transactional currency; paper money replaced gold as a store of value; and bitcoin and other cryptocurrencies are going to replace paper money as a transactional currency.
By that time China had invented gunpowder, the compass, movable type, paper money and the blast furnace.
Paper money was a more useful medium of exchange than gold or silver, particularly for large amounts.
It's skyrocketed against virtually every other currency in the world because people are not trusting paper money.
It can also read the text on a page, or tell people the value of paper money.
We took a little piece of papermoney—and put it over human life, over our country.
For the first three months of the year, I have hardly touched paper money or metal coins.
Obituaries ____ So far in 2018, our reporter David Gelles has hardly touched paper money or metal coins.
With paper money, the Federal Reserve says it costs about 943 cents to create a $100 bill.
During the war Congress had tried to outmaneuver this restriction on its authority by issuing paper money.
Jackson, after all, was a slave-owner and ethnic cleanser who also opposed the existence of paper money.
But for those eligible, this will finally give more employees an opportunity to turn paper money into cash.
Greenbacks represented the first widely issued paper money in the United States since the days of the Continentals.
Hasbro showed off a new version that eliminates both the game's signature paper money and the banker position.
Say's own father had been bankrupted by the collapse of assignats, paper money issued after the French Revolution.
Eliminating the possibility of cryptocurrency double spending is equivalent of counterfeit protections for paper money issued by governments.
Paper money, backed by the authority of the state, was an astonishing innovation, one that reshaped the world.
Machines like his are among the only places where you can use paper money to purchase digital currency.
Many of the stalls accepted credit cards for payment as well as paper money, especially the larger stalls.
He was Secretary of the Treasury under Abraham Lincoln and introduced the nation's first paper money and national bank.
Both figures are more than worthy of appearing on the paper money of two of the world's largest economies.
In the game players traveled around and around the board using paper money to buy lots, railroads, and utilities.
She sometimes carries paper money; it is not true that she never visits the A.T.M. before the nail salon.
Jonathan and Erin Kraftchick started out by paying their two children's allowance the old-fashioned way, using paper money.
But as paper money becomes more inconvenient and expensive to get, more Americans are looking toward a cashless future.
At this pace, we'll have cancer cured before we see women honored alongside men in the pantheon of paper money.
Residents in the capital of Caracas line up for hours to withdraw small amounts of paper money from bank machines.
One of the most significant effects of the paper money was the way it stimulated borrowing and lending—and trading.
Steve King introduced an amendment to bar the Treasury Department from spending any funds to redesign paper money or coin currency.
"  "While carrying paper money around is an inconvenience, people feel safer with a bank-provided card than Silicon Valley-provided app.
Was it the thrill of being able to hold fistfuls of paper money after years of struggling to scrape together pennies?
The rise of online WeChat payments as well as in-store payments has helped galvanize the shift away from paper money.
Paper money is increasingly difficult to acquire in Venezuela, and people have taken to paying cash dealers 100% premiums for it.
Law's bank had, by one estimate, about four times as much paper money in circulation as its gold and silver reserves.
Labor protesters threw paper money traditionally used in a funerary rite when the legislature passed the single-payer bill in 1994.
The first nation to adopt paper money more than 1,000 years ago, China might now become the first to abandon it.
Without paper money, the Fed could arrange things so money in your bank account would literally disappear over time if not spent.
Totally eliminating paper money would have some potentially dire consequences for privacy, but would also conceivable allow us to eliminate recessions altogether.
When Law took charge of France's finances, he promptly did just that, promoting paper money and a financial bubble that inevitably burst.
The process of creating belief in paper money is a very complicated social process which runs over a hundred years or so.
All of the paper money looked different, and the further you traveled away from the issuing bank, the less it was worth.
An app on his phone tells him if the lights are on, and a scanner can identify paper money on the go.
The story is apparently set in the future when a pandemic virus spread via paper money kills millions across New York City.
We rarely stop to consider the faith-based proposition represented by our paper money or the imagined national narratives engendered by borders.
Mobile payment apps, for example, attract customers who do not have enough paper money, which is in short supply due to hyperinflation.
Because paper money was a handier medium of exchange, people had more chance to trade; and as economic activity grew, government finances improved.
Kublai Khan may be celebrated for his use of paper money -- largely because of Marco Polo's account -- but he also liked ice cream.
Seeing Alan Turing's face on paper money, ubiquitous as it is, will foster a level of public awareness that nothing else can match.
There is political resistance too; some worry that abolishing large notes might be a step on the road to abolishing paper money altogether.
If you thought paper money was near extinction, Brink's, the largest cash management company in the world, proves you wrong, Jim Cramer said.
Mohamed El-Erian sees a world one day that eschews paper money in favor of digital payments that could include government-issued cryptocurrency.
Still, there are enormous benefits to being able to print paper money and have the world treat it as if it were gold.
Mr. Diaz said that his younger clients rarely have paper money, and often say they'll tip him the next time they see him.
Clamping down on the true anonymity that paper money allows could bring real benefits in a country where corruption and fraud are widespread.
During the Cultural Revolution, the burning of paper money and offerings was banned, yet the practice endured, morphing as the country did too.
In return for a loan that helped William III finance a war against France, the bank was given the right to issue paper money.
Protecting the Federalists' wealth was perhaps one of them; for example, the Constitution forbids states from printing paper money and thereby inflating their currency.
The stakes are especially high because Uber's $68.5 billion valuation is just paper money until there is an exit, likely via IPO or acquisition.
He moved to London in 1692, where he observed the wondrous new scheme of government paid for by long-term debt and paper money.
When you're in Thailand, or any other country that uses a lot of paper money, do you convert your bitcoin into hard cash ever?
But as you break down either of those claims, it becomes clear that gold and paper money don't have that much intrinsic value either.
After the government issued a new cryptocurrency called petro, the fleeing citizens were able to make cross-border transactions without relying on paper money.
LONDON (Reuters Breakingviews) - Marco Polo brought the idea of paper money to Venice when he returned from China towards the end of the 13th century.
While greenbacks remained widely used for the rest of the 19th century, new types of paper money were issued, and holy hell, were they beautiful.
Nonetheless, one of the downsides of stock options is that they usually require a liquidity event for an employee to convert them to paper money.
Shareholders including employees and early investors like Benchmark Capital and Menlo Ventures are expected to sell shares in the deal, turning paper money into cash.
So Miles Kimball at the University of Colorado has proposed achieving this by retaining paper money but separating its value from that of electronic money.
But Jackson, as an avowed opponent of paper money and of national economic institutions like the Bank, vetoed the renewal of its charter in 1832.
Granted, paper money didn't even exist back then, but by 21st century standards, $64 is still a hell of a lot to pay for a candle.
A lot of people lost a whole lot of paper money, but it brought us a cheap worldwide fiber backbone and companies like Amazon and Google.
In previous research, the group identified 51 highly correlated variables that gauge a society's complexity, such as population size, the presence of bureaucrats or paper money.
I do know that Jackson detested paper money so much that he'd probably be greatly pained to discovered his image is emblazoned on the $20 bill.
And it's not only Americans who favor paper money — a separate study by PayPal found that cash is still king in most of Asia's major markets.
"When I was young, we just paid respect to ancestors with gold paper and did not burn paper money, but now society has changed," he said.
The company also supports the ability to add your debit and credit cards, transit and loyalty cards, tickets and even paper money through Apple Pay Cash.
Bitcoin's true believers (often libertarians) say that the modern financial system is corrupt, governed by self-serving elites, and that paper money is a dangerous fiction.
Carrying around large amounts of gold and silver wasn't ideal either, so the world started to move to paper money in the last 200 years. 5.
The paper money is typically burned as offerings to the dead during the ongoing Qingming festival, where the Chinese sweep graves and pay respects to ancestors.
After sticking your paper money into one of the machines, the newfangled kiosk will dispense a voucher for a Bitcoin redemption code that points you to Coinme.
Top bank execs were arrested and withdrawals were halted over claims that the bank speculated on the exchange rate and smuggled paper money out of the country.
France watched in awe as paper money was printed and shares in its new joint-stock company, which administered the Louisiana colony, rocketed; the word "millionaire" appeared.
Why don't you deposit you paper money with us and in exchange we'll make an entry in our computer that'll tell you how much we owe you?
It took nearly a century before any semblance of order would emerge in the paper money game and, namely, before paper currency would be considered legal tender.
Beijing is also creating its own central bank-issued digital currency to cut the costs of circulating traditional paper money and boost policymakers' control of money supply.
That is when families clean the tombs, bring offerings of food and drink, and burn joss sticks and paper money to give their ancestors a comfortable afterlife.
These time periods could be affected by temperature and humidity, Business Insider previously reported, and the porous nature of surfaces like cardboard, paper money, hair, and fabric.
One shopkeeper named Phumsith Purithongrat, known jokingly as "the richest man on the block," sells stacks of paper money to be burned for spending in the hereafter.
They are burning paper money and paper clothes at the base of a grave, and I had accidentally stepped on the place where the coffin had been buried.
It is believed that the food (and all the paper money and clothes that they are burning) will be transferred to the departed family member in the afterlife.
A weaker dollar and looser fiscal policy raise the allure of hard assets such as commodities that tend to hold their value as that of paper money falls.
Britain's government said last month that the new 50 pound note would also be a polymer design, which is more durable and harder to counterfeit than paper money.
But there were no profits to be had from the colonies and when Law's schemes collapsed, French citizens developed an enduring suspicion of high finance and paper money.
He was also a proponent of slavery, and his crank monetary policies — including an opposition to paper money — make him almost uniquely unsuited for a role on currency.
Card-based transactions have taken over paper money; it's likely that in the near future, mobile money will create for many the possibility of eliminating the wallet altogether.
This is often paper money until a liquidity event like an IPO or acquisition, but many startups permit their employees to sell their shares through a secondary offering.
The Fed has already slashed interest rates to zero, added $83 trillion in daily repo operations, and created facilities to help commercial paper, money markets and municipal debt.
The clue "Where bills pile up" sounds like we're supposed to be thinking about bills to pay, but in this case, the clue is hinting at paper money.
Malaysian papers are reporting that people are starting to turn to foreign currencies such as the U.S. dollar, when it comes to selecting paper money to burn as offerings.
Harley J. Spiller, author of "Keep the Change: A Collector's Tales of Lucky Pennies, Counterfeit C-Notes, and Other Curious Currency," likes paper money for another reason: It's simple.
Anything short of a simultaneous redesign of the $20 bill giving women a place of their own in the all-male pantheon of our paper money is an affront.
Maya Chung, 27, has rarely carried paper money since she was a teenager, instead relying on a combination of digital apps, PayPal and plastic to get through her day.
For example, at 20A, the clue is "'Green' 1986 film?" and the answer is THE COLOR OF MONEY, because United States paper money is green for the most part.
"Paper money is going away and crypto is a much better value for a transfer of value than pieces of paper but it has its pros and cons," Musk said.
Yet I wonder: Is it a coincidence that women and African-Americans will make it onto our bills just as paper money is heading for the trash bin of history?
" After fiat currency Eventually, Reid says, "it's possible that inflation becomes more and more uncontrollable and the era of fiat currencies looks vulnerable as people lose faith in paper money.
New 100- and 200-euro bank notes entered circulation on Tuesday, completing the European Central Bank's overhaul of paper money to make it easier to handle and more counterfeit-resistant.
New 2000- and 5-euro bank notes entered circulation on Tuesday, completing the European Central Bank's overhaul of paper money to make it easier to handle and more counterfeit-resistant.
Other recurring false themes are that the Ukrainian government planned to put Hitler's face on its paper money and that western, Ukrainian-speaking regions of the country have declared independence.
However, he said, for negative rates to be fully effective, paper money would have to be made more costly to hold or else be abolished altogether in favor of electronic currency.
Gold is a go-to asset for investors seeking shelter from market volatility, as well as those who believe paper money could be rendered worthless by inflationary fiscal and monetary policies.
Historically, the key cornerstone of successfully run metal-backed monetary systems is the agreement that governments would freely convert paper money with gold (or the metal of the given monetary system).
Besides removing thousands of Native Americans from their homes and supporting slavery, Jackson was also not a proponent of paper money, making him a poor mascot of our nation's most used bill.
That question looms over the Treasury Secretary Jacob J. Lew's announcement this week of a sweeping makeover of paper money to add images honoring Harriet Tubman, suffrage leaders and other historical figures.
It was 2012, and I was at an event in London, listening to Ajay Banga, the chief executive of Mastercard, extol the virtues of digital currencies and the problems with paper money.
During the festival, ghosts are believed to return to Earth to haunt the living and people burn paper money, food and incense to pay respect to their ancestors and soothe wandering spirits.
Another team won the Economics Prize for testing which country's paper money was the grossest, or "best at transmitting dangerous bacteria" (the Romanian Leu won, but the US Dollar was a finalist).
And while some of those reserves are actual paper money sitting around in bank branches ("vault cash"), most of it is electronic money that is kept on deposit at the central bank.
A synopsis of the film released by Netflix reads: In the near future, a pandemic virus is spread via paper money on Black Friday, decimating the city of New York and killing millions.
And it's not possible for any of us, really, to gauge when in basically a social process people change their mind about currency, about policymakers' confidence in paper money or any particular currency.
People from vegetable sellers to taxi drivers have registered to use mobile payment applications to attract customers who do not have enough paper money, which is in short supply due to soaring prices.
Although the long-discussed cashless society is unlikely to have arrived by then, the trend is clear: Americans are relying less on paper money and more on plastic for all manner of transactions.
Iran: Officials limited travel among major cities and urged people to avoid using paper money to prevent the spread of the coronavirus, which has infected more than 4,700 people and killed more than 120.
In January this year, the People's Bank of China said it wanted to launch its own digital currencies to cut the costs of circulating traditional paper money and boost policymakers' control of money supply.
In the middle of the wallet, I slot in a couple of notes of paper money and half a dozen business cards, and the third internal slot I populate with my ID and bank card.
A system in which banks don't hold cash reserves equivalent to their outstanding loans works fine, unless enough people turn up at the bank and simultaneously want their paper money turned into its metal equivalent.
Mr. Modi's other major economic policy, the sudden invalidation of paper money in November 2016, has been roundly criticized by economists as causing great disruption to India's cash-based economy without providing any real benefits.
The People's Bank of China (PBOC) has been exploring the possibility of launching its own digital currency since 2014 to cut the costs of circulating traditional paper money and boost policymakers' control of money supply.
In a new book, "The Curse of Cash," Rogoff, now a professor at Harvard, argues for phasing out paper money in the U.S., starting with big bills and slowly letting small denominations fall toward disuse.
"I believe there is a reliance on them (Germany) having some sort of physical, tangible store of wealth, rather than relying on paper money that can be manipulated, created and devalued over time," Saul noted.
As the DCEP is designed to substitute existing coins and paper money, holders of the currency would not receive interest payments, which would mean there would be no implications for inflation or monetary policy, Mu said.
As the DCEP is designed to substitute existing coins and paper money, holders of the currency would not receive interest payments, which would mean there would be no implications for inflation or monetary policy, Mu said.
China's central bank set up a research team in 2014 to explore the possibility of launching its own digital currency to cut the costs of circulating traditional paper money and boost policymakers' control of money supply.
Every state in the developed world has a central bank that issues paper money, manipulates the supply of credit in the interest of commerce, uses fractional-reserve banking, and features joint-stock companies that pay dividends.
Other critics, including Vox's Matt Yglesias, have argued that Jackson deserves to be replaced regardless because of his pro-slavery advocacy, his genocidal actions against Native Americans, and his opposition to paper money as a policy.
Back in 2015, a grassroots organization called Women on 20s petitioned the government to kick Andrew Jackson off the $20 bill—given the fact that he owned slaves, orchestrated the Trail of Tears, hated paper money, etc.
Yet new research suggests banks should think twice before they shut down their next bank branch: Many customers, especially younger ones, still regularly rely on physical banks to make deposits, get paper money and even pay bills.
A flurry of high-profile robberies, not limited to the Västberga heist, married paper money to security vulnerabilities in the public imagination, and led entities such as the Swedish bank tellers' union to lobby against cash-handling.
BEIJING (Reuters) - China's central bank wants to launch its own digital currencies to cut the costs of circulating traditional paper money and boost policymakers' control of money supply, the People's Bank of China (PBOC) said on Wednesday.
At that time paper money was printed only in black ink and bills were only one-sided, so the development of "greenbacks" — bills that were two-sided and incorporated color — was prompted by the fear of photographic counterfeiting.
They were another sort of alien influence, with their love of worthless, "shinplaster" paper money over "hard money"—good, solid coins—and the tangible things it could buy: a plot of land, a horse, a sharp-edged plough.
In daily use, a wallet such as this would have held paper money, credit cards, and irreplaceable family photographs, all of which staffers have employed appropriately or thrown into a convenient dumpster as part of the curatorial process.
As kids, we played the Game of Life assuming we would become a rockstar, live in a mansion, and drive an orange van filled with our fictitious families before retiring 20 minutes later with stacks of colorful, paper money.
The country's paper money has been absent of Canadian women since 2011, when a conservative Parliament voted to replace the image of women's right activist Thérèse Casgrain with that of an ice breaker ship on the fifty dollar bill.
It redesigned the paper money, added illustrations to the Chance and Community Chest cards, and created a mascot for the game: a stereotypical financier who looked like a cuddly J. P. Morgan and is known today as Mr. Monopoly.
In his new book, "Gaining Currency: The Rise of the Renminbi," Eswar S. Prasad describes how China's view of its currency has evolved, starting from the Han dynasty — China invented paper money, of course — to today's globally ambitious leadership.
And what better way to rewrite the wrongs of a former president who opposed paper money, backed slavery, and was responsible for the Trail of Tears than by replacing his face with that of a formerly enslaved black woman?
Vanderbilt's Peter Rousseau, for instance, blames two actions Jackson took in 1836 — requiring public lands be purchased with coins rather than paper money, and "supplemental" transfers of money between banks by the Treasury that summer — for causing the crash.
A person dressed in a black top hat and bushy white mustache, occasionally putting on a monocle or dabbing forehead sweat with giant paper money, sat in the audience of the Senate Banking Committee hearing on the Equifax data breach.
In some cases, China has outpaced the U.S. Beijing's decision to heavily censor and regulate the web has not stopped internet companies from thriving, and the country is years ahead of the U.S. in replacing paper money with payments through smartphones.
For those reluctant to give up on paper money or traditional credit cards, Cyndie Martini, CEO of Member Access Processing, an aggregator for Visa services at credit unions in the U.S., advises taking extra care to avoid the spread of germs.
While there still won't be cash registers in the store, shoppers will have the option to use paper money or coins by having a store employee come to them with a mobile device to help them check out and pay, the company said.
Perhaps we could put this a little differently and say that these ideas become true by virtue of our belief in him — in the same way that paper money is a fiction but becomes real when everyone collectively agrees that it's real.
I love that others across the world celebrate the new year with one bean or another: In Italy, for example, with lentils that call to mind coins, and in the American South, with black-eyed peas, paired with greens that represent paper money.
But new research suggests that banks should think twice before shuttering their next outpost: Many customers, especially younger ones, still regularly rely on physical banks to make deposits, get paper money and even pay bills, my CNN Business colleague Matt Egan reports.
The exhibition's title, Paper Promises, comes from a pejorative term used at the time for untrustworthy paper money, and the exhibition argues compellingly that the advent of paper photography in the US was slowed by fears that it would worsen the problem of counterfeiting.
The heavily paper money-dependent (90 percent of transactions are in cash) country ground to a halt as the panicked citizenry flooded ATMs and banks, and the resulting financial chaos disproportionately affected those with the most to lose in the first place—the poor.
PAPER MONEY, BIG BLACK BOX * The Vision Fund's $20.2 billion of investment gains are mostly on paper and its valuations are under growing downward pressure as shares in four of the fund's five listed portfolio firms have fallen sharply in the three months through September.
India's reluctance to give up paper money poses challenges for the firms that are vying to offer electronic payments, including local players like Paytm, which has received financing from the Chinese e-commerce giant Alibaba, and American tech companies, like Facebook, Google and PayPal.
In a strange twist, our journey led us into the arms of Queen Elizabeth II. Zachary Crockett / Vox Using the Standard Catalogue of World Paper Money and a number of extensive bank note archives, we combed through every denomination of paper currency in the world that we could find.
No longer a parochial pastime, futurists believe American gridiron will be a global game with franchises from London to Beijing, concussions, like paper money, will have disappeared and fans will swarm stadium concession stands at halftime for a puff on legalized marijuana or to sip on $100 beers.
Early American grifters profited from both a weak central government and the speculative nature of America as a country still coming into existence, with unfixed borders and newfangled paper money that was largely symbolic and occasionally worthless, issued by private banks without the bullion to back it up.
If you want to stay out of debt and not overspend with paper money or its digital cousin, try the following steps: "I don't have the confidence that larger corporations are going to take time to educate people on how it (Libra) is going to transform their lives," Ross said.
In important 19th-century cases ranging from the validity of a national bank to the constitutionality of congressional efforts to limit slavery to the permissibility of Congress printing paper money, the justices selectively used historical sources including the Federalist Papers, the actions of early Congresses, and the opinions of the Founding Fathers.
"As a steroid dealer and user, and somebody who was influenced very much by [objectivists] Ayn Rand and Mike Mentzer, I think of bitcoin as the solution to the problem of illegal tender, our so-called 'paper money' economy," said a personal trainer who accepts the cryptocurrency as payment for his pharmaceutical services.
For almost a century, Mr. Newman called the fascinating old penny his first numismatic inspiration, a doorway to the past that took a boy from St. Louis into a life of curiosity, travel and adventure and made him one of America's most distinguished authorities on the art and history of coinage and paper money.
They account for only a quarter of the value of paper money in circulation, compared with just under half for 500-, 200- and 100-euro notes combined, over 80% for U.S. $100 bills, and a whopping 93% for Swiss notes worth 100 francs or more, the largest of which carry a truly private bank-worthy 1,000-franc value.
The bank also took deposits in the form of government debt, cleverly allowing people to claim the full value of debts that were trading at heavy discounts: if you had a piece of paper saying the king owed you a thousand livres, you could get only, say, four hundred livres in the open market for it, but Law's bank would credit you with the full thousand livres in paper money.
Immediately an online group called Women on 20s insisted that the woman to be honored — Tubman was its choice — had to go on the more common $20 note, displacing not the popular Hamilton but Jackson, whose place in history has suffered lately with attention to his record of forcibly relocating Native Americans, supporting slavery and — despite his prominence on currency — opposing a national banking system and paper money.

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