U.S. Census Bureau Daily Feature for July 6: Powers of Ten

WASHINGTON, July 6, 2017 /PRNewswire-USNewswire/ -- Following is the daily "Profile America" feature from the U.S. Census Bureau:

JULY 6: POWERS OF TEN

Profile America —Thursday, July 6th. The Constitution of the United States, ratified in 1788, made this nation the first in the world to conduct a census of population on a regular basis. Every 10 years, in fact. Divisibility by tens had still more and earlier attraction for the Continental Congress. On this date in 1785, for the first time in history, a nation adopted a decimal coinage system, founded on the dollar we know today. At the time, money systems around the world were a chaos of fractions and units. Today, only two countries in our world — Mauretania and Madagascar — do not have decimal-based currency. There are 1.54 trillion of our decimal-based dollars in circulation. The median annual income in America's 116 million households is about 56,000 of them. Profile America is in its 21st year as a public service of the U.S. Census Bureau. 

Sources:
Dollar/accessed 4/20/2017: www.bankersnotes.com/2013/07/jul-6-1785-happy-bday-us-dollar-surely.html 
Decimal adopted/accessed 4/20/2017: www.investopedia.com/financial-edge/0709/on-this-day-in-finance-july-6---the-united-states-adopts-the-dollar.aspx 
Countries in the world/accessed 4/20/2017: www.worldatlas.com/nations.htm 
Countries without decimal currency/accessed 4/20/2017: https://en.wikipedia.org/wiki/Non-decimal_currency 
Currency in circulation/accessed 4/20/2017: https://research.stlouisfed.org/fred2/series/WCURCIR/ 
Households and income/American Community Survey/page 2: www.census.gov/content/dam/Census/library/publications/2016/demo/acsbr15-02.pdf

SOURCE U.S. Census Bureau

Related Links

http://www.census.gov

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