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This exhibit traces our country's currency from the earliest years through the latest designs and features barter currencies, gold, coins, paper money and scrip.
The world’s most expensive incarnation of the Monopoly board game is headed to Wall Street. An 18-karat gold version of the famous Parker Brothers board game will be on display beginning Friday at the Museum of American Finance.
Bring the family to the Museum's “Kids Club” event, which will feature fun money-themed activities and programs for children in grades K-12.
Marc Chandler, Global Head of Currency Strategy for Brown Brothers Harriman and author of Making Sense of the Dollar: Exposing Dangerous Myths About Trade and Foreign Exchange, will speak at the first event in the Museum's 2010 Henry Kaufman Series.
The Museum of American Finance was faced with an awkward situation recently: some of the corporate sponsors of the museum — dedicated to glories of free markets — had, well, failed.
The Museum of American Finance's new exhibition, "Tracking the Credit Crisis," starts its timeline in February 2007 when Mortgage Lenders Networks USA, the nation's 15th largest subprime lender, filed for bankruptcy, and tracks the fall of other firms to the present day.
On March 25, the Museum will open “Tracking the Credit Crisis” to trace the development of the current financial crisis, the most severe and complex economic and financial challenge in modern experience.
Lecture, book signing and reception with author Niall Ferguson on "The Ascent of Money."
How do art dealers, auction houses and specialized lenders support art acquisitions? Please join us at the Museum of American Finance for a lively panel discussion on financing the art market.
Talk, exhibit tour and book signing with Ken Winans, author of "Investment Atlas." Free admission. Reservations recommended.
Few of us question the little slips of green paper that come and go in our wallets, purses and pockets. While we may obsess over how much we have at any one time, we do not subject the notes themselves to close scrutiny: most of us cannot remember (without looking) which scene goes with what denomination, or even the secular saints whose portraits adorn the front. Our ignorance is a testament to just how secure we feel about the currency and how little we need to question the underlying value of these scraps of paper. The money is in our hands, it is green, and it has a number on it: that is all we need to know. It was not always so. In the years between the Revolution and the Civil War, money inspired not faith, but nagging doubt and scrutiny.
New York, NY – The Museum of American Finance, an affiliate of the Smithsonian Institution, will reopen to the public in its new home at 48 Wall Street on Friday, January 11, 2008. Located in the historic former headquarters of the Bank of New York, the Museum occupies 30,000 square feet of space and features a majestic banking hall, state-of-the-art financial education center, auditorium, library and research facility.
Wall Street suffered its first crash in March 1792. In a matter of weeks, U.S. government securities comprising the national debt lost a quarter of their value. Shares of the Bank of the United States, founded in 1791, fell 30 percent. Shares of the new Society for Establishing Useful Manufactures fell 45 percent. A more seasoned issue, Bank of New York shares, declined just under 20 percent. Defaults and bankruptcies were numerous. As confidence and trust collapsed, a pall fell over New York and, to a lesser extent, the Philadelphia and Boston securities markets. But potentially damaging economic consequences of the panic were avoided, it is now quite clear, by very modern central-bank-like interventions orchestrated by Secretary of the Treasury Alexander Hamilton.
Back when the United States was primarily a primarily an agrarian society, the banker, the doctor, the preacher, the lawyer and, in a way, the bar owner, were the enduring pillars of each town. It was the town banker, however, who enabled the farm-centric communities to survive and thrive.
MacDonald, a former investment banker, examines the historical linkage between political freedom and public debt, showing why representative governments have been able to borrow more cheaply from citizen lenders than autocratic heads of state who do not consider their citizens to be equals.
Now that the fossil record clearly shows that some dinosaurs evolved into birds, it should not be such a surprise that almost all of the first 12 companies on the Dow Jones Industrial Average (DJIA) are still around. Their names reek of turn-of-the-century incipient industrialism: Tennessee Coal & Iron, American Cotton Oil, Distilling & Cattle Feeding. But well into the Information Age, only one on the debut list of May 26, 1896 is entirely gone. The U.S. Leather trust, the only preferred issue of the first Dow Dozen, was dropped in 1905. The trust was dissolved in 1911, and hardly a trace of the company or the industry remains in this country.
The British Empire was the largest in all history: the nearest thing to global domination ever achieved. The world we know today is in large measure the product of Britain's Age of Empire.
2004 marked the 20th anniversary of the re-emergence of securities trading in the People's Republic of China. In 1984, the government approved the issuance of the first publicly issued stock since 1949. The issuing company was the state-owned Beijing Tian-Quio Department Store, which issued a three-year fixed interest rate stock that resembled a three-year bond in Western financial markets. Beginning in 1990, China also permitted the establishment of 24 regional stock exchanges to trade the slowly expanding number of new shares. In late 1990, China formally re-established two fully functioning national stock exchanges, one in Shanghai and one in the southern Chinese city of Shenzhen. All Chinese share trading was gradually moved to these two exchanges, beginning in late 1990. After 12 years of rapid growth, China again became a major stock market in the Far East, third in size after Japan and Hong Kong.
This classroom lesson, based on the Museum’s “Money: A History” exhibit, will help students understand the evolution of money in America including how the change from many different bank-issued notes to one federal currency helped unify the country. Students will also learn about how the Bureau of Engraving and Printing protects against counterfeiting.
Harley Spiller, a museum professional and collections expert, presents his mind-boggling collection of unusual artifacts and little-known information from the world of currency and coins.
This course demonstrates for students why being financially savvy helps them gain a competitive advantage in the workplace and in life.
A classroom guide to the "Money: A History" exhibit, including learning objectives, vocabulary, discussion questions and a classroom activity.
This course will attempt to take some of the mystery out of the basics of bonds and investing in bonds.