>>3498652
Maybe do some research on America currency before the Fed and before the U.S dollar was the worlds reserve currency
History of United States Currency
Early American colonists used English, Spanish and French money while they were under English rule. However, in 1775, when the Revolutionary War became inevitable, the Continental Congress authorized the issuance of currency to finance the conflict. Paul Revere made the first plates for this "Continental Currency." Those notes were redeemable in Spanish Milled Dollars. The depreciation of this currency gave rise to the phrase "not worth a Continental."
After the U.S. Constitution was ratified, Congress passed the "Mint Act" of April 2, 1792, which established the coinage system of the United States and the dollar as the principal unit of currency. By this Act the U.S., became the first country in the world to adopt the decimal system for currency. The first U.S. coins were struck in 1793 at the Philadelphia Mint and presented to Martha Washington.
The government did not issue paper money until 1861. In the interim years, however, the government did issue "Treasury notes" intermittently during periods of financial stress, such as the War of 1812, the Mexican War of 1846, and the Panic of 1857.
During this same period (1793 - 1861), approximately 1,600 private banks were permitted to print and circulate their own paper currency under state charters. Eventually, 7,000 varieties of these "state bank notes" were put in circulation, each carrying a different design!
https://www.mycreditunion.gov/Pages/money-101-history-united-states-currency.aspx