I Know How To Make Lots Of Money When You Are 12
Do you ever get money for your birthday?
Do you ever wonder where that money came from and how it was made?
Keep reading to learn the answers to these questions and more!
Who Makes Our Money?
People use money visit web page day, but we rarely take the time to really think about what goes into making the money in our wallets or the people who worked hard to make it.
Department of Treasury is the government body in charge of the production of money.
It oversees two branches that produce the money: The U.
Mint makes coins, while the U.
Bureau of Engraving and Printing is in charge of making paper money, or dollar bills.
Now, let's explore the process of making money, from the design to the distribution.
Designing Money The U.
Department of Treasury hires designers who create sketches and models of paper money and coins.
After the designers submit their designs, the Secretary of the Treasury chooses one to be made into money, though there may be additional changes to come to a final design.
Currency designers create the layout and artistic details of money.
But why do we need new designs?
As technology improves, it becomes easier for people to make their own fake money.
This is called counterfeiting, which is illegal.
To cut down on counterfeiting, the government redesigns our money by adding new features.
The Materials If you compare a dollar bill and a piece of computer paper, you'll notice they don't feel the same.
That's because paper money is made out of a special blend of cotton and linen that makes it harder to counterfeit.
The ink is also specially made by how to money made Bureau of Engraving and Printing.
Our coins see more made of how program a slot machine and alloy.
This use of bi-metallic materials not only helps cut down on counterfeiting of coins, but it also reduces the cost of making coins.
If a coin were made purely out of metal, it could be worth more than the face value.
This might lead people to melt the coins and sell them as metals rather than using them as currency.
Making the Money Paper Money After paper money is designed, the go here is sent to the Bureau of Engraving and Printing to be engraved onto a plate.
The single plate is then reproduced many times onto a much larger plate that can print multiple bills at once.
The plate is are covered with ink and then pressed onto the paper.
Each sheet of bills requires 72 hours to dry per side.
Bills are printed on large sheets and how to money made into individual bills after drying.
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Coins After the coins are designed, the designs are recreated on stamps that press the design onto the bi-metallic material.
But first, the coins begin as large sheets of metal.
The metal sheets are placed in a machine that punches out blank coins.
The blank coins are heated to soften them, and then they're cleaned before being stamped with the design.
Coins are stamped with their designs using huge, powerful machines.
Inspection and Circulation After paper bills are printed and dried, the bills are inspected.
Any flawed bills are pulled and destroyed.
The money that meets the standard is trimmed and packaged for distribution.
The coins are also inspected, and those that have flaws are destroyed.
But sometimes these flawed coins slip past inspection.
When that happens, these rare coins can be worth a lot!
Once the money has gone through the inspection process, it's distributed as needed to banks.
The banks then distribute how to money made money to their customers.
Now, the money is in circulation!
Lesson Summary The U.
Department of Treasury is in charge of the production of money.
Paper money is made at the U.
Bureau of Engraving and Printing, while coins are made at the U.
Many precautions are taken during the design, choosing of materials, and production of money to prevent counterfeiting, or the making of fake money.
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What is money made of? Coins are usually made of copper and another element, such as zinc or nickel. Currency paper is composed of 25 percent linen and 75 percent cotton. Red and blue synthetic fibers of various lengths are distributed evenly throughout the paper. Before World War I these fibers were made of silk.
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