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burn

(Encyclopedia) burn, injury resulting from exposure to heat, electricity, radiation, or caustic chemicals. Three degrees of burn are commonly recognized. In first-degree burns the outer layer of skin…

money

(Encyclopedia) money, term that refers to two concepts: the abstract unit of account in terms of which the value of goods, services, and obligations can be compared; and anything that is widely…

Hutchinson, Thomas

(Encyclopedia) Hutchinson, Thomas, 1711–80, colonial governor of Massachusetts (1771–74) and historian, b. Boston. A descendant of Anne Hutchinson, he was a man of wealth and prominence, of learning…

fiat money

(Encyclopedia) fiat moneyfiat moneyfīˈət, fīˈăt [key], inconvertible money that is made legal tender by the decree, or fiat, of the government but that is not covered by a specie reserve. It is…

shell money

(Encyclopedia) shell money, medium of exchange consisting of shells, the most widely distributed type of ancient currency. Shells are particularly useful as money because they may be strung in long…

Portraits and Designs of U.S. Paper Currency

Currency1Portrait Design on back$1 Washington ONE between obverse and reverse of Great Seal of U.S.$22Jefferson Monticello$23Jefferson “The Signing of the Declaration of Independence”$…

Euro Conversion Rates

On Jan. 1, 1999, eleven European countries began using the euro electronically, as a denomination for debt issues and bank accounts. The actual notes…

The 50 State Quarters Program Act

The 50 State Quarters Program Act began in 1999 and ran through 2008, with five new quarters released every year. The quarters were released in the order…

Money Matters

The venal god of Mammon is everywhere to be found in this reputedly dignified government publication. In 1997 there were 18,552,000 people between 25 and 54 who did not work because, plain and…

Presidential Dollar Coins

A dollar for every president by Shmuel Ross Washington's dollar coin, the first to be released Photo Credit: U.S. Mint Side view of the presidential dollar…