How long is an elephant pregnant? While a female elephant is in labor, the other elephants in the herd protect her by forming a circle around her. Most elephants only bear one baby at a time, but twins occur in approximately two percent of elephant births.
# The purchase of The US Mint in Philadelphia, was the first money appropriated by Congress for a building to be used for a public purpose. It was purchased for a total of $4,266.67 on July 18, 1792. 1862-1879 â FLOATING fiat currency 7 years. The first use of fiat money (called Greenbacks) in the United States was in 1862, it was used as a tool to pay for the enormous cost of the Civil War. Greenbacks were a debt of the U.S. government, redeemable in gold at a future unspecified date.
Historical Money in the North. The Civil War created a coinage shortage, so the first official paper currency of the United States entered circulation. They were called Demand Notes and came in $5, $10, and $20 increments printed in 1861. In 1862, they started producing United States Notes, also known as Legal Tender Notes, which more closely resembled our modern paper money. Printing too much money would have caused inflation, but the North avoided this by raising taxes and income taxes in 1862 and 1864. Actually, they were Internal Revenue Acts.