Paper Money is the second album by the band Montrose. It was released in 1974 and was the last album to feature Sammy Hagar as the lead singer. This album was also produced by Ted Templeman and engineered by Don Landee. While this album has its high points, it is generally considered inferior to the first album. Original bassist Bill Church left the band before this album was recorded and was replaced with Alan Fitzgerald. Furthermore tensions between Ronnie Montrose and Hagar were about to come to a head, leading to Hagar's expulsion from the band. In spite of that, the record has a couple of standout tracks, most notably 'I Got The Fire', which has been covered live by Iron Maiden. 1974 (MCMLXXIV) is a common year starting on Tuesday (click on link for calendar). ... Hagar performing live in his classic red color scheme Samuel Roy Hagar (born October 13, 1947 in Monterey, California), better known as Sammy Hagar, is a U.S. rock guitarist, singer, and composer. ... Ted Templeman (born October 24, 1944) is an influential American record producer. ... Don Landee is an American record producer and engineer. ... Ronnie Montrose, (born November 29, 1947 in Denver, Colorado) is an American guitarist. ... Iron Maiden is a British heavy metal band from east London. ...
Papermoney originated in two forms: drafts, that is receipts for value held on account, and "bills", which were issued with a promise to convert at a later date.
However the use of papermoney as a circulating medium is intimately related to shortages of metal for coins.
In the 600s there were local issues of paper currency in China and by 960 the Chinese Empire, short of copper for striking coins, issued the first generally circulating notes.
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