Value of The Dollar Bill
The dollar bill was first introduced in 1929. It features our first president, George Washington, on the front, and the Great seal of the United states on the back. The federal reserve says that an average lifespan of a $1 bill in circulation is 5.9 years because it is replaced due to wear and tear. About 42% of all U.S. currency produced in 2009 were one dollar bills.
The value of the one dollar bill has greatly decreased over the years due to a variety of things. For one, the U.S. imports more than it exports, which causes us to lose money, so more money has to be borrowed. The more money that has to be borrowed and put into circulation, the more the value of the dollar goes down. Also, the wars we have been in cause us to lose money, which contribute to that.
Michael illustrates his theme with a picture of a dollar bill. This is a solid blog with a live link, a good title, and a picture. It is clear that his big question includes the Federal Reserve. Mikey provides statistics about the dollar bill to provide an understanding for why the value of the dollar bill has decreased. This blog could definitely be longer with more information. I found it interesting that the average life span of a $1 bill is 5.9 years. I also found it interesting that 42% of currency produced in 2009 were one dollar bills. His big question could have been shown better in this blog. What exactly is your big question?
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