United States dollar or ""bill"" (e.g. ""two bills"" being $200). The $50 note is occasionally called a ""yardstick"" or a ""grant"" (after President Ulysses S. Grant, pictured on the obverse). The $20 note is referred to as a ""double sawbuck"", ""Jackson"" (after Andrew Jackson), or "double eagle". The $10 note is referred to as a ""sawbuck"", ""ten-spot"" or ""Hamilton"" (after Alexander Hamilton). The $5 note as ""Lincoln"", ""fin"", ""fiver"" or ""five-spot"". The infrequently-used $2 note is sometimes called ""deuce"", ""Tom"", or ""Jefferson"" (after Thomas Jefferson). The $1 note as a ""single"" or ""buck"". The dollar has also been referred to as a ""bone""
Banknote establish banknotes as a formal currency in France, after the wars waged by Louis XIV left the country with a shortage of precious metals for coinage. In the United States there were early attempts at establishing a central bank in 1791 and 1816, but it was only in 1862 that the federal government of the United States began to print banknotes. Originally, the banknote was simply a promise to the bearer that they could redeem it for its value in specie, but in 1833 the second in a series of Bank Charter Acts established that banknotes would be considered as