This is a simple cut and paste paper craft that can be done "just for fun", for a George Washington theme or for a President's Day theme.
From first moment to enduring memory, cotton is the touch of class. Cotton paper makes first impressions more impressive with distinct crispness and an unmistakable feel.
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The shift toward the use of these receipts as a means of payment took place in the mid-17th century, as the price revolution , when relatively rapid gold inflation, was causing a re-assessment of how money worked. The goldsmith -bankers of London began to give out the receipts as payable to the bearer of the document rather than the original depositor. This meant that the note could be used as currency based on the security of the goldsmith, not the account holder of the Goldsmith-banker.  The bankers also began issuing a greater value of notes than the total value of their physical reserves in the form of loans, on the assumption that they wouldn't have to redeem all of their issued banknotes at the same time. This pivotal shift changed the simple promissory note into an agency for the expansion of the monetary supply itself. As these receipts were increasingly used in the money circulation system, depositors began to ask for multiple receipts to be made out in smaller, fixed denominations for use as money. The receipts soon became a written order to pay the amount to whoever had possession of the note. These notes are credited as the first modern banknotes.