HAWAII, 1 dollar, 1935 A (1942)

$35.00

HAWAII, 1 dollar, 1935 A (1942), Face: black, Washington, HAWAII, Back: green, eye on pyramid and seal, HAWAII, brown serial number, P36, F

1 in stock

SKU: 3272479 Categories: , Tag:

Description

They were fearing that the Japanese would come and take the Hawaiian islands during World War II, so they quickly introduced these special notes and banned the circulation of the regular money in Hawaii so the Japanese wouldn’t be able to seize and spend it.

Aside from China, other governments started using circulating “banknotes” starting in the 17th century AD. The practice became general in the 19th century. In the 20th century value of paper money in circulation far surpassed the value of coinage. In the 21st century paper money is fading and credit transactions are growing.

Paper money, meaning the promise of a government to pay a set amount, and the paper promise allowed to circulate at will, was probably first used in China in the 12th century AD. At that time the merchants and governments of Europe were just writing letters to each other about what they owed.