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The history of Florida can be traced to when the first Paleo-Indians began to inhabit the peninsula as early as 14,000 years ago. [1] They left behind artifacts and archeological remains. Florida's written history begins with the arrival of Europeans; the Spanish explorer Juan Ponce de León in 1513 made the first textual records.
Coal companies would also advance miners their wages in scrip, but would pay from 50% to 80% of their wages for such advances (a form of early payday loans). The result was a situation in which miners were perpetually in debt to their employer, receiving only an "advance against unearned wages."
Florida Lotto jackpot winners may choose between an annuity of 30 payments, or a lump-sum payment, which is about 1/2 of the advertised jackpot less federal income taxes. For both Lucky Money and Florida Lotto, the cash option, if desired, must be exercised within 60 days of the applicable drawing.
In the introduction section of Handbook of the History of Money and Currency provides a glimpse into the relationship between grains and precious metals during this emergence of currency: "Grain was used as unit of account to calculate values, measure labor time and land yield, and as means of payment in agricultural and handicraft activities.
One by one, colonies began to issue their own paper money to serve as a convenient medium of exchange. On December 10, 1690, [4] the Province of Massachusetts Bay created "the first authorized paper money issued by any government in the Western World". [5] This paper money was issued to pay for a military expedition during King William's War ...
A traveler in the latter states observed "much trouble with paper money" at the end of 1818 that could only lead to "penance" and the return to a smaller money stock. [13] By that time a policy shift by the Second Bank was already underway. In response to declining crop prices, it called upon state banks for cash payment of the notes that it held.
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The FNB stayed solvent throughout the 1930s because du Pont put $15 million of his own money into the institution to cover Bank runs. [3] During the early 1930s, six other Florida National Banks were opened throughout Florida, including Lakeland and Bartow; Alfred's wife, Jessie Ball du Pont was named a director of the bank.