Money & Its HistoryModern Money

Who Makes the Dollar

The Mint, the printing bureau and the Fed

A brand-new $20 bill lands in your wallet, fresh off the press. How much new money did it just create?

You'll find out

  • Who prints bills and who strikes coins
  • What a $20 bill costs to make
  • Why new bills aren't new money

Why it matters

Knowing where cash comes from shows you where most money really lives: not in paper at all.

About 3 min6 interactive slides · 5 questionsLesson 149 · Zone 17

Play this lesson

Free to play in your browser or on iPhone

More in this zone

  1. 145Monetary HistoryThe Gold StandardWhen every dollar could be swapped for gold
  2. 146CurrencyThe $100,000 BillIt exists, but you could never spend it
  3. 147Monetary HistoryGreenbacks: Money for a WarThe Civil War gave America paper money backed by law, not gold
  4. 148Fiat MoneyThe Dollar Is Backed by GoldIt hasn't been since 1971
  5. 150TrustThe Stone That SankOn Yap, a giant stone coin lost at sea still counted as wealth, because everyone agreed it existed
  6. 151CurrencyDollar Bills Are Mostly CottonThat's why they survive the washing machine
  7. 152PaymentsChecks, Cards and TapsHow Americans moved from paper to plastic to phones
  8. 153Behavioral EconomicsThe Endowment EffectOwning something makes it feel worth more