The United States Treasury department was founded 1789 and the first Secretary of the Treasury was Alexander Hamilton, who was sworn into office on September 11 of that year. The department was created to manage government revenue with responsibilities to include producing currency and coinage, collecting taxes and paying the government's bills, managing the federal finances, supervising banks and advising on fiscal policy.

The American dollar was initially based on the value and look of the Spanish dollar, used widely in Spanish America from the 16th to the 19th centuries.

During World War II currency denominations of $500, $1,000, $5,000 and $10,000 were produced but their distribution was halted in 1969.

Since then, U.S. dollar banknotes have only been issued in seven denominations: $1, $2, $5, $10, $20, $50, and $100.

The largest denomination ever produced was the $100,000 Series 1934 Gold Certificate. Those notes, featuring a portrait of President Woodrow Wilson, were printed for less than a month and circulated only among Federal Reserve banks, not the general public.

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