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Why America destroyed its $100,000 bills

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Episode notes

Imagine carrying a physical house in your pocket or settling a multi-million unit debt with a single slip of paper, a reality defined by Large Denomination Currency and the historical evolution of the United States Treasury. This episode of pplpod deconstructs the transition from 18th-century hyperinflation to the Gold Standard zenith of the 1930s, analyzing how the Federal Reserve System utilized the 100,000 unit Woodrow Wilson note to stabilize the economy following Executive Order 6102. We begin our investigation in 1780 during the Revolutionary War, when North Carolina and Virginia authorized 500 and 1,000 unit notes to manage rampant currency crashes, a necessity that mirrored the 1861 Civil War era where 5,000 unit bills be ... 

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Keywords
presidentWoodrow WilsonCongressGreat DepressionFederal ReserveNorth CarolinaAmericanCivil WarMillion Dollars100 000Federal GovernmentBankTreasuryHundreds Thousands000 Bill000 NotesPhysical CashDenomination BillsPhysical WealthPaper Giants