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The Board of Commissioners of Currency introduced 5 and 10 dollar notes in 1898, followed by 50 and 100 dollars in 1901 and 1 dollar in 1906. Emergency issues of 10 and 25 cents were made between 1917 and 1920. 1000 dollar notes were issued in 1930 but during the remainder of the 1930s only 1, 5 and 10 dollar notes were issued.
The War Revenue Act of 1898 was introduced to fund American participation in the Spanish–American War. The people of Cuba had been seeking independence from Spain for several years, and after the destruction of the USS Maine (ACR-1) in Havana harbor on February 15, diplomatic relations between the U.S. and Spain dramatically worsened.
The first paper money circulated in the Philippines was the Philippine peso fuerte issued in 1851 by the country's first bank, the Banco Español-Filipino. Being bimetallic and convertible to either silver pesos or gold onzas, its volume of 1,800,000 pesos was small relative to about 40,000,000 silver pesos in circulation at the end of the 19th ...
El Banco Español-Filipino began issuing peso fuerte notes on May 1, 1852. As of the end of the 19th century its circulating volume of 1,800,000 pesos was small relative to about 40,000,000 silver pesos in circulation. See History of Philippine money. The currency was replaced by the modern peso in 1903.
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In 1922, the Reserve Bank of Peru took over paper money production, issuing a final series of pound notes. In 1933, the Reserve Bank began issuing notes denominated in soles. The first issues were libra notes overprinted with the new denominations of S/o 5, S/o 10, S/o 50 and S/o 100.
Congress continued to issue paper money after the Civil War, the most important of which was the Federal Reserve Note that was authorized by the Federal Reserve Act of 1913. Since the discontinuation of all other types of notes (Gold Certificates in 1933, Silver Certificates in 1963, and United States Notes in 1971), US dollar notes have since ...
April 29 – Union Razor Company, which today is known as KA-BAR Knives, founded in Tidioute, Pennsylvania. May 1 – Spanish–American War – Battle of Manila Bay: Commodore Dewey destroys the Spanish squadron. The first battle of the war, as well as the first battle in the Philippines Campaign. May 10 – Prescott National Forest is ...