Stimulating the US Economy with Monopoly Money.

Competition contribution designed by a Mr. Lee Willet

It appears that Americans are starting to catch on with the rest of the world when it comes to currency. Creative Consultant Richard Smith created a contest which is on its second year. The contest challenges American citizens to create new designs for the current U.S. currency. Over 120 entries have been submitted for this contest that has not yet been bespoken by the government. The contest was not meant to be taken seriously, however, Smith would find it amazing if it was.

United States bills have not changed in a significant way since the 1930’s. Most of the designs submitted to the contest seemed to have the same pattern: vibrant colors, and vertical pictures. Smith expresses how it makes sense for the United States to change the current money considering the fact that almost every country in the world has multi-coloured bills. Not only would the new coloured bills brighten the currency up, but it would help the visual impaired distinguish the different bills.

“I was searching for ways, pushing for ideas to stimulate the economy,” he says. “The new Euro had a huge impact on several nations” stimulating some economies by 25 per cent. Statistics show that most applicants who submit their designs feature Barack Obama on the $1 bill. Smith also pointed out another factor that would be helpful if the bills were changed.

Designed by Mr. Duncan Dowling

“When we researched how notes are used, we realized people tend to handle and deal with money vertically rather than horizontally. The majority of people hand over notes vertically when making purchases. All machines accept notes vertically. Therefore, a vertical note makes more sense.”

From the positive results that this contest has shown, it would be wise for the government to actually eradicate the old design of the bill, and brighten things up this year.

By: Roxanne Allen, IB12

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One response to this post.

  1. Posted by Kristina Bergman Alme on October 16, 2010 at 7:09 PM

    Very interesting. I like the idea of changing into horizontal perspective. If something will be changed it would probably make it more difficult to counterfeit the bills as well.

    Reply

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