Why Is Money Green?
They say money makes the world go round. It is the thing that we all want to have loads and loads of. We all think that having lots of it will solve all of our problems. However, have you ever wondered why it is colored green?
It is only the United States that has its currency colored green. When it was first introduced up until the early 19th century, paper money was not colored green. It was in 1862 that they introduced the green ink into the paper currency to act on the problems of counterfeiting.
The US Treasury Department was the government agency responsible for this. Before the introduction of the special green ink, counterfeiting money was an act that was easy to do. To stop this, the green ink was formulated to help the department identify which one is fake and which one is real. Another reason for using green ink was its availability. It was the only pigment readily available and in huge quantities that will be able to supply the needs of the Bureau of Engraving and Printing. Also the chemicals in the color were highly resistant to the usual wear and tear, which is important so that the print on the paper will not fade out.
Counterfeiting is truly a huge problem. If there is no measures put in place to secure the surety of our paper currency, for sure, there will be a lot of fake money in the market. This is not actually good for the economy. When you are not able to control the amount of money circulating in the market, it will cause a lot of trouble and instabilities. The green ink was meant to be an anti-counterfeiting measure implemented by the government. The history of how our paper currency came to be is as interesting as the story involved in its exchange.