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TRIVIA 065: HOW MUCH MONEY WAS CIRCULATED BACK IN 1911?
THE NATION'S MONEY. Largest Amount in Circulation in Country's History.
October 8, 1911, Sunday
Page 15, 833 words
The Government's circulation statement for Oct. 1 shows that the country's stock of money of all kinds has again been pushed up to a new record amount, and that the total of money in circulation is also greater than it ever has been before. In round figures we have three and a quarter billions of money in circulation, besides $356,000,000 in the Treasury, held as assets of the Government....
The amount of actual physical cash, called M0, was $749.6 billion in December, 2006, almost three times the $261 billion in cash and cash equivalents on deposit at Citigroup as of the end of that year and roughly $2492 per person in the US. (source Wikipedia)
Physical cash doesn't mean imaginary money - as e.g. is represented by derivatives.
According to the census data of 1910, population was at that time around 93 millions. Today it is over 300 millions, more than threefold.
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