During the Civil War, Abraham Lincoln had to fight on two fronts—defeat the South on the battlefield and lead the charge for a united currency. His plan? The National Currency Act, which created a new currency based on securities issued by the U.S. Treasury and printed on paper. It was called the “greenback,” and banks in Chicago and St. Louis were among the first to back the plan. Lincoln’s plan was successful and a vital part of his strategy that ultimately won the Civil War. Today, those banks from Chicago and St. Louis are part of Bank of America. The bank remains dedicated to addressing the pressing needs of our nation’s economy to ensure continued growth and allow us to remain competitive in the world market. This commitment can be seen in the bank’s support for Year Up, a training and education program that prepares low-income, urban youth to make a successful transition to a career or higher education.
Civil War mini-documentary