History of Online Banking

The concept of online banking as we know it today dates back to the early 1980s, when it was first envisioned and experimented with. However, it was only in 1995 (on October 6, to be exact) that Presidential Savings Bank first announced the facility for regular client use. The idea was quickly snapped up by other banks like Wells Fargo, Chase Manhattan and Security First Network Bank. Today, quite a few banks operate solely via the Internet and have no ‘four-walls’ entity at all.

In the beginning, its inventors had predicted that it would be only a matter of time before online banking completely replaced the conventional kind. Facts now prove that this was an overoptimistic assessment – many customers still harbor an inherent distrust in the process. Others have opted not to use many of the offered facilities because of bitter experience with online frauds, and inability to use online banking services.

Be that as it may, it is estimated that a total of 55 million families in America will be active users of online banking by the year 2010. Despite the fact that many American banks still do not offer this facility to customers, this may turn out to be an accurate prediction. The number of online banking customers has been increasing at an exponential rate.

Initially, the main attraction is the elimination of tiresome bureaucratic red tape in registering for an account, and the endless paperwork involved in regular banking. The speed with which this process happens online, as well as the other services possible by these means, has translated into a literal boom in the banking industry over the last five years. Nor are there any signs of the boom letting up – in historical terms, online banking has just begun.

Womens Casual Wear Thoughtout History

The origin of women’s casual wear is not difficult to trace. In fact, women’s casual attire emerged as a reaction to the stiff upper lip approach to women’s apparel. A complete look at casual wear history indicates that casual garments became popular during the late twentieth century.

Casual wear has been defined as the dress code in which new forms of gender expression are attempted before being accepted into semi casual or semi formal situations. Women started to look for alternatives to the uncomfortable clothing they had been wearing for centuries prior to the 1920s. These alternatives included skirts, pants, to the knee hem and lower waistlines. American women’s rights and temperance advocate Amelia Bloomed is credited with introducing trousers for women as a casual alternation to skirts and formal hoops. In the 1930s expensive fabrics such as silks emerged as an immense luxury for women’s clothing. People made garments out of items they had on hand. For example, women started to make do without hosiery because of the rationing of nylon during World War II.

In the 1950s movie stars such as James Dean and Marlon Brando popularized denim jeans. The look quickly caught on for ladies. Casual wear continued to appear and gain acceptance during the 60s. Throughout the late 60s and 70s women’s casual clothing became more androgynous. Women began sporting pants, and the most fashionable clothes were denim, hot pants and bell bottoms. After this period, casual wear became a niche area for upper income women, while the gender expression continued by the music industry rock and roll inspired ripped jeans and hip hop ushered in baggy style pants.

Casual wear has come a long way and women’s clothing brands such as Contour Wear affirm this. Contour Wear has a line of women’s casual apparel that’s not only excellent for daily use but is practical for travel wear. What makes Contour Wear unique is they are a team of women who travel and work in cloths that are designed and manufactured in the USA. What began as a desire to construct a travel wardrobe that could withstand multiple wearing for different occasions, evolved into a line of apparel that empowers women to travel savvy, look fabulous and own their adventures! Contour Wear’s functional cloths transition from board meeting, to safari or dinner date effortlessly.

Contour Wear makes casual wear to the busy lives of women. The introduction of synthetic fabrics such as nylon and polyester allows more freedom in make and style. For example, Contour Wear Chamois Lounge Capri is stretchable and wrinkle free. Casual yet fashionable, this is no fuss attire at its finest.

Comfort and style go hand in hand. The history of women’s casual wear has proven that over the ages laid back clothing became essential in the closets of women regardless of social and economic background.

The History of the $500 Bill

Few people beyond collectors of old money are familiar with the $500 bill. The bills were first printed in the mid 19th century, and the last printing was in 1934. The earlier bills are very rare, and therefore worth a great deal of money. However, depending on a number of factors, any $500 bill is worth more than its face value, and sometimes much more.

A Brief Timeline of the $500 Bill

Large size legal $500 notes were first issued during the second half of the 19th century. They stopped being printed in 1945. Those from the 19th century are extremely difficult to find today.

· The 1862 and 1863 bills feature an elderly James Madison.

· The 1869 $500 bill is unique looking. John Quincy Adams is pictured on the right side of the face of the bill. There are believed to be only a handful still in existence.

· Large size $500 bills from 1874, 1875, 1878, and 1880 are rare, and very valuable.

· The 1918 bill featured John Marshall’s portrait, and a blue seal. Marshall, who served in the House of Representatives and as Secretary of State and Chief Justice of the Supreme Court, was one of the few men who were not a U.S. President to appear on U.S. currency.

· The 1928 and 1934 design had a green seal, and President William McKinley’s portrait.

Why Such Large Bills?

The reason that such a large denomination ($500 in 1928 was equivalent to over $6,000 in today’s currency) was printed was that the U.S. Government wanted to facilitate transactions within the government and with other agencies. The $500 bills were also used by the banking institutions. In the 1920s and 1930s, the Bureau of Engraving and Printing even issued bills for $1,000, $5,000 and $10,000. There was even a $100,000 Series 1934 Gold Certificate featuring the portrait of President Wilson printed for less than a month in December 1934 and January 1935. These were used only for official transactions between Federal Reserve Banks. They were never in public circulation.

When Did They Stop Being Printed?

Although printing of the $500 bill (still the 1934 series) actually stopped in 1945 due to lack of demand, the distribution of the $500 bill was ended on July 14, 1969 in the Nixon administration by Treasury Secretary David M. Kennedy and the Federal Reserve Board. This decision was made because the bills were largely being used by those in organized crime and drug trafficking. Also, by that time, more secure ways of transferring money had made them less necessary. As of that date in 1969, no bills over $100 were distributed. Although they are still legal tender, their value as a collectible is far greater than their face value.

What Are They Worth?

As with any antique bank notes, the value to a rare currency collector is based on issuing district, condition, serial number, seal color, and whether it is star note (at the end of a note’s eight digit serial number). Uncirculated bills are always worth more. They can be worth anywhere from hundreds of dollars to five figures to old currency buyers.

If you have a $500 bill, do not be tempted to spend it! Go online and compare the values listed by various companies that deal in rare money. Also look on eBay to see what the asking prices are. Then find a reputable currency dealer who deals in rare paper currency if you are interested in selling it.

If you want to buy a $500 bill, again do your homework and make sure that you buy from a reputable rare money dealer. If you do buy from someone else, such as through an online bidding site, there are counterfeit guides to help identify reproductions and counterfeit bills. If you are not truly an expert (and even if you are), it is always safer to go with an established currency dealer.