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Episode notes
The history of Large Denomination Currency deconstructs the transition from a fragmented frontier to the high-stakes architectural study of Mega Bills and the Woodrow Wilson Note. This episode of pplpod (E5234) explores why the Federal Reserve Bank once printed 100,000-unit certificates, analyzing the repeal of the Gold Standard and the quiet mechanism of Passive Retirement. We begin our investigation by stripping away the "coffee money" facade to reveal a 1780s landscape where Virginia printed 2,000-unit notes to manage vast estates on a single slip of paper. This deep dive focuses on the 1860s logistical nightmare of moving wealth, deconstructing how interest-bearing 5,000-unit notes compressed physical space to bypass the need ...