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→=Currency in the United States: Fix U.S. heading, add section on Australian currency.
The [[Technological Development|invention]] of currency allowed civilization to advance beyond the barter system.
The [[Technological Development|invention]] of currency allowed civilization to advance beyond the barter system.
==Currency in the United States=
==United States==
The denominations of currency produced in the United States are $1, $2, $5, $10, $20, $50, and $100. Larger denominations used be produced, including a $100,000 bill, featuring a portrait of [[Woodrow Wilson]], that was produced at one time. In 1969, President [[Richard Nixon]] issued an [[executive order]] withdrawing bills larger than $100 from circulation "to make life harder for the mafia". <ref>http://www.thehindubusinessline.com/2007/01/13/stories/2007011300280800.htm</ref>
The denominations of currency produced in the United States are $1, $2, $5, $10, $20, $50, and $100. Larger denominations used be produced, including a $100,000 bill, featuring a portrait of [[Woodrow Wilson]], that was produced at one time. In 1969, President [[Richard Nixon]] issued an [[executive order]] withdrawing bills larger than $100 from circulation "to make life harder for the mafia". <ref>http://www.thehindubusinessline.com/2007/01/13/stories/2007011300280800.htm</ref>
== Australia ==
[[Australia]] converted to decimal currency in 1966<ref name="TAc">[http://www.dfat.gov.au/facts/currency.html The Australian currency] Australian Government, Department of Foreign Affairs and Trade</ref>, issuing
1c, 2c, 5c, 10c, 20c, and 50c coins, and $1, $2, $10, and $20 notes.
The $5 note was added the following year,<ref>[http://www.rba.gov.au/Museum/Displays/1960_1988_rba_and_reform_of_the_currency/australias_first_decimal_currency_notes.html#top The Reserve Bank and Reform of the Currency: 1960–1988—Australia's First Decimal Currency Notes], Museum of Australian Currency Notes.</ref> and $50 and $100 notes were added in 1973 and 1984 respectively.<ref name="inflation" />
In 1983/4 and 1988 respectively, the $1 and $2 notes were replaced with coins.<ref name="inflation">[http://www.rba.gov.au/Museum/Displays/1960_1988_rba_and_reform_of_the_currency/inflation_and_the_note_issue.html#top The Reserve Bank and Reform of the Currency: 1960–1988—Inflation and the Note Issue], Museum of Australian Currency Notes.</ref>
In 1991, the 1c and 2c coins were withdrawn from circulation.
The 5c coin is now the smallest denomination of Australian currency.
From 1992 to 1996<ref>[http://www.rba.gov.au/Museum/Displays/1988_onwards_polymer_currency_notes/complete_series.html#top A New Era – Polymer Currency Notes: 1988 Onwards—A Complete Series of Polymer Notes], Museum of Australian Currency Notes.</ref>, Australia switched to using [[polymer]] (plastic) notes, the first country in the world to do so.<ref name="TAc" />
Australia's colourful notes incorporate a range of security features, including embossing, raised print, a clear window, and fluorescent ink.<ref>[http://www.rba.gov.au/CurrencyNotes/SecurityFeaturesAndCounterfeitDetection/security_features_on_australias_notes.html Security Features on Australia's Notes], Reserve Bank of Australia</ref>
==References==
==References==
{{reflist}}
[[Category:Currency| ]]
[[Category:Currency| ]]
[[Category:Technology]]
[[Category:Technology]]