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The United States one hundred-thousand-dollar bill ( US$100,000) is a former denomination of United States currency, 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.
2008 Dollar (obverse), (released August 14, 2008) 3rd of four U.S. presidents issued in 2008. Andrew Jackson – Series of 1907 $5 bill. Andrew Jackson – 1882 $10,000 bill. Andrew Jackson – Series of 1929 $20 bill.
The Federal Reserve Act was passed by the 63rd United States Congress and signed into law by President Woodrow Wilson on December 23, 1913. The law created the Federal Reserve System, the central banking system of the United States . The Panic of 1907 convinced many Americans [who?] of the need to establish a central banking system, which the ...
This note cannot be legally held by currency note collectors.” The front has a portrait of Woodrow Wilson, the 28th President of the United States. How to sell old currency
According to the U.S. Department of Treasury website, "The present denominations of our currency in production are $1, $2, $5, $10, $20, $50 and $100. The purpose of the United States currency system is to serve the needs of the public and these denominations meet that goal. Neither the Department of the Treasury nor the Federal Reserve System ...
However, there was also a $100,000 denomination (bearing the portrait of President Woodrow Wilson) that had no equivalent in other types of U.S. currency and was also the largest currency denomination ever issued by the United States Treasury. 42,000 of the $100,000 denomination were printed.
The newly elected president, Woodrow Wilson, was committed to banking and currency reform, but it took a great deal of his political influence to get an acceptable plan passed as the Federal Reserve Act in 1913. [14] Wilson thought the Aldrich plan was perhaps "60–70% correct". [9]
Thomas Woodrow Wilson (December 28, 1856 – February 3, 1924) was an American politician and academic who served as the 28th president of the United States from 1913 to 1921. A member of the Democratic Party, Wilson served as the president of Princeton University and as the governor of New Jersey before winning the 1912 presidential election.