Christopher Ondaatje
The Buck Starts Here
Greenback: The Almighty Dollar and the Invention of America
By Jason Goodwin
Hamish Hamilton 320pp £14.99 order from our bookshop
ALTHOUGH CALLED ‘PAPER money’, the US dollar is in fact a water-resistant mixture of linen and cotton, with coloured silk fibres running through it. The word ‘dollar’ comes from the thaler, a coin first made at the silver mines of Joachimsthal in Bohemia in 1519. Today there are seven trillion dollars in the world – most of which exist only electronically. Fourteen billion are the familiar green ‘bills’, or notes, and a third of these are held outside the United States. Thus ‘there are more dollar bills in existence than any other branded object, including Coke cans’.
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