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Carrying Cash While Traveling

Carrying Cash While Traveling

After two years of essentially staying put during the COVID-19 pandemic, many people are eager to hit the road again. Traveling abroad significantly increased during the 2002 summer season as travel restrictions to other countries decreased. With people pulling out...
George Washington Quarter Shifts to the Right

George Washington Quarter Shifts to the Right

Since the first appearance of George Washington on the U.S. quarter, the likeness of the first President of the United States was that of a side profile facing left. The original likeness was designed by John Flanagan and included on the quarter in 1932. It has been...
What is the Cashless Effect?

What is the Cashless Effect?

In 1979, economic and marketing theorist Elizabeth Hirschman first studied the “Cashless Effect”. According to SciTechDaily, the Cashless Effect “describes our increased willingness to buy products and to pay more for them when no physical money changes hands.” In her...
Currency in Circulation has Steadily Increased Over Time

Currency in Circulation has Steadily Increased Over Time

According to data provided by the Federal Reserve, the amount of currency in circulation in the United States has steadily increased over the past two decades.  Dramatic Increase At the end of 2000, the Federal Reserve reported that there were 21.3 billion notes in...
Changing the Face of Cash

Changing the Face of Cash

Queen Elizabeth II’s passing last week has brought about abrupt changes for many aspects of British life and what her passing means for the United Kingdom (UK) and Commonwealth countries. With the passing of the monarchy to now King Charles III many changes will come...
A New Look for Cash

A New Look for Cash

The Biden Administration announced earlier this year plans to accelerate the project to replace President Andrew Jackson on the $20 bill with a likeness of Harriet Tubman, the abolitionist and former slave. Tubman’s likeness on the $20 will be the first time a woman,...