Monday, July 22, 2019

MoneyMoneyMoneyMoney

Since money is on our minds most of the time, let's consider....

In these countries, a U.S. dollar is worth: (these values fluctuate constantly)

Canada                                       97c (Canadian dollar)
England                                     80c (an English pound)
Countries that use the Euro       89c (value of one Euro
Chinese                                   6.88 (Chinese Yuan)
Australia                                 1.44 (Australian dollar)
Japan                                       1.09(Japanese Yen)
Mexico                                  19.30 (Mexican Peso)*
Brazil                                       3.90 (Brazilian Real)
India                                           69c  (Rupees)


*The peso is worth different amounts; pesos are used in most Central and South American countries and its value varies.

Canadian money

Chinese Yuan

Euros

Mexican Pesos

Brazilian Real ("ree-All")

America, it would appear, has not yet discovered color ink.However, there is an explanation. During the Civil War, 'both countries' had their own currencies. After the war, 'new money' had to be printed that would be usable throughout the United States. People tried to print their own money, called counterfeiting, and the inks used would wash out of the printed paper money. So, a formula was created to stop counterfeiting. It just happened to be green with black. The US has never changed the colors used in its paper money. So, basically, "this is how we've done it since the 1860s". More on that here: http://www.todayifoundout.com/index.php/2016/02/u-s-paper-money-green/

This is who is pictured on various paper U.S. money, starting with the $1 bill:
      $1.00            Washington
        2.00            Jefferson
        5.00            Lincoln
       10.00           Hamilton *
       20.00           Jackson
       50.00           Grant
     100.00           Benjamin Franklin  *
     500.00           McKinley
   1,000.00          Cleveland--this bill is no longer available
   5,000.00          Madison
 10,000.00          Chase  *
100,000.00         Wilson

There is no million-dollar bill.
*These people were not presidents.
By the way, if you run across a $2.00 bill, there's no need to save it--it's no more valuable than $2.00, they aren't that rare.

Learn more about the U.S. mint at: http://www.usmint.gov/education/historianscorner/

What can I buy with an American dollar, in other countries?

In Kenya, $1 American will buy you 8 cups of milk.
In Bangladesh, it will buy 1/3 of a sari (woman's garment)
South Korea         1/2 hour of computer use
England                1/2 a loaf of bread
Vienna                  one small roll
Denmark               a stamp for a postcard
Seoul, Korea         one subway ticket plus a mask for the smog


Cost of college in England, for a resident of England: About $11,600.00.
Cost of college in Canada, for a Canadian: $9,000.00
Cost of college in Australia, for an Australian: between $10,000 and $20,000 a year.
People from other countries who wish to attend college abroad will usually pay considerably more.
                                            Kings College, Cambridge, England

                                                     Australian National University


Using U.S. dollars:
In Brazil, a Honda Civic will set you back about $40,000. In Sweden, a VW Golf will cost you about $33,000 and gas runs about $9.00 a gallon, hence the number of people who do not have their own cars, and the excellent public transportation system that most people use. And they use bicycles to get where they need to go as well.


Back to the $1 discussion:
  • Steve Jobs, the creator of Microsoft, used to take a salary of $1 a year.
  • If you put $1 extra on your mortgage check, it will reduce your payments by .000000000001 years.
  • $1 will buy you a quart of gas if it currently costs $4.00 a gallon
  • There are some states with houses for sale asking $1 as the lowest bid.
  • Paper money (U.S.) is not paper, it's made of linen and cotton
  • Most dollar bills-more than 90% of them- are contaminated with traces of cocaine
  • A bank will replace a torn or mutilated bill as long as you have more than half of it
  • Many of the symbolic pictures on a paper bill involve the number 13:  13 stars, 13 berries, 13 stripes...indicating the original 13 colonies
  • Did you know England has something like our Dollar Stores? Locals call it (what a surprise!!) the Pound Store: http://www.poundland.co.uk/
  • If you have a $1 bill in your pocket, you can trace where it's been. Go to https://www.wheresgeorge.com/ . When you add your zip code, it adds to the paper trail.

For more trivia about the U.S. dollar, check out:
http://money.com/money/4041295/10-things-you-didnt-know-about-the-1-bill/






No comments:

Post a Comment

Note: Only a member of this blog may post a comment.