In $1784$, Thomas Jefferson proposed a decimal currency system for the United States based on the Spanish dollar, with coins for $10$ dollars, $1$ dollar, 1⁄10 dollar, and  1⁄100 dollar. One argument he advanced in favor of this system was that the 1⁄100-dollar coin would be similar in value to existing copper coins. The initial currency of the United States was minted in $1792$ with the dollar being equal to $100$ cents. Working with decimals is essential when calculating or analyzing most currency data, whether it be from historical or modern times!