![]() ![]() In some cases, the federal government has sold the shredded currency to companies that can recycle it and use it for the production of building materials such as roofing shingles or insulation. When dollar bills are taken out of circulation or become worn, they are shredded by Federal Reserve banks. Your house may literally have been built with old money. While it’s not surprising that Confederate President Jefferson Davis and depictions of slaves at work in fields appeared on some dollar bills, so too did two Southern slave-holding presidents whom Confederates claimed as their own: George Washington (on a $50 and $100 bill) and Andrew Jackson (on a $1,000 bill). ![]() ![]() The Confederacy issued paper money worth approximately $1 billion during the Civil War-more than twice the amount circulated by the United States. Two American presidents appeared on Confederate dollars.
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