United States: value of currency and notes in circulation 1900-1950
First World War. During the war, however, the U.S. remained on the gold standard while most other major powers abandoned it in order to fund their own war efforts; printing of money in the U.S. was on a much smaller scale than European currencies, which saw the U.S. dollar emerge as one of the most stable and popular reserve currencies in the world.
During the early-20th century, the value of money in circulation in the United States underwent different phases throughout each decade. There was steady growth in most years between 1900 and 1915, before the amount in circulation rose in the late-1910s as the U.S. printed large amounts of money to fuel its economy in the