Today I Found Out
That Time the U.S. Almost Ran Out of Money (2020x164)
: 05, 2020
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In this video:
If you have been out and about recently, you likely have seen signs asking you to pay with exact change, letting you know that there is a coin shortage. The problem with physical money is that there is a precise amount of it at any given time. If you have four quarters, two pennies, and a dime in your pocket, additional ones will not appear just because you need them. When the American Civil War started, the nation was broke, and you cannot just pull gold or silver coins out of thin air to pay troops.