Discontinued Bills

July 14, 1969

The Department of the Treasury and the Federal Reserve System announces that currency notes in denominations of $500, $1,000, $5,000, and $10,000 would be discontinued immediately due to lack of use. Although they were issued until 1969, they were last printed in 1945.


Creator of Kwanzaa (see, a made up holiday for blacks)

Maulana Karenga

Born July 14, 1941

American social activist, professor of Africana studies. He created Kwanzaa (1966), the seven-day festival celebrating African heritage, beginning on December 26. Karenga said his goal was to “give Blacks an alternative to the existing holiday and give Blacks an opportunity to celebrate themselves and their history, rather than simply imitate the practice of the dominant society.”
The seven candles represent the seven principles of Kwanzaa: Umoja (Unity), Kujichagulia (Self-Determination):, Ujima (Collective Work and Responsibility), Ujamaa (Cooperative Economics), Nia (Purpose), Kuumba (Creativity), and Imani (Faith).
In 1971, Karenga was sentenced to prison for felonious assault and imprisonment. One of the victims claimed Karenga and other men tortured her and another woman, saying they were stripped, beaten with an electrical cord, and tortured. He was granted parole in 1975.