There isn't an official statement from Baum saying that this was his real intention, but as far as I know most scholars think it's too telling to be coincidence and take the theory as fact. What is Banknote The term banknote refers to the negotiable promissory note the central bank issues.
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In the end she realizes that the silver slippers were her way out of trouble the whole time.Īll the characters represent various politicians (which makes the fact that, for example, the lion is described as cowardly, a bit more vicious). 20 DOLLAR BILL, US STAR NOTE, SERIES 1990 39.99 4.50 shipping or Best Offer paper money us bank notes, fancy numbers 05060809 -20 -1.00 -2.00 0.99 0 bids 5.65 shipping 4d 12h or Buy It Now One 1935 Blue Seal 1 Dollar Silver Certificate, VG/VF, Old US One Dollar Bill 4. So, in The Wonderful Wizard of Oz Dorothy wears silver slippers (not ruby) and walks along the yellow (or gold) brick road. Baum, the author of the original novel really wanted them to switch to silver.
You see, that book was written at a time when the US government was deciding whether they should continue to only issue money that was able to be backed up by actual gold that they had in reserves, or if they should begin to include silver as well.įrank L. The reason I know about the fact that they used to back up bank notes with gold and/or silver is from an interesting theory I read recently about The Wizard of Oz. Instead, like high quality stationery, currency paper is composed of a special blend of cotton and linen fibers. They are still just a contract with the bank and the government that they are worth a certain amount of money.īut, it was still a surprise to see them like that. I mean that makes sense, since that's basically what bank notes evolved from. Redeem bank notes that are mutilated or contaminated, or that will no longer be legal tender. They looked more like certificates or contracts than what I would think of as cash. They were old style, what would now be obsolete bank notes. I was watching an episode of Downton Abbey which is set less than a hundred years ago and at one point a character fished out twenty pounds to give to someone. In a fiat money system (that is, in all modern monetary systems), a bank note is the same as cash. It was actually a bit of a surprise to realize how much bank notes have changed over the years, even fairly recently. A note issued by a bank and accepted as money. They would have wanted all their colonies to follow the same system they had at home. On Thursday May 4, South Africans will start encountering cash in new forms as the Reserve Bank’s new design money is released on the market. May 16, - I believe that bank notes in India originated with the British. A Federal Reserve note is a term to describe the paper demand liabilities of the Federal Reserve, commonly referred to as 'dollar bills,' which circulate in the U.S.
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