Money Trivia Quiz

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9. A job for the Secret Service

In 1865, the United States formed the Secret Service. What was its purpose?

A) To catch those perpetrating fraud against the government
B) To combat the spreading use of counterfeit currency
C) To halt industrial espionage attempts from Canada
D) To prevent money-laundering across state lines

Your answer — A) To catch those perpetrating fraud against the government — was incorrect.

Counterfeiting was a big problem during the American civil war. It has been estimated that by the time the war was over at least a third of the paper money in circulation was counterfeit. The Americans were by no means alone in their concerns. The English were also zealous in their pursuit of the many who attempted to forge currency, hanging 313 convicted counterfeiters in 1817 alone.

Click “Question 10” below to continue the quiz.

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