Investing Answers Building and Protecting Your Wealth through Education Publisher of The Next Banks That Could Fail
Investing Answers Building and Protecting Your Wealth through Education Publisher of The Next Banks That Could Fail

Uncle Sam

What it is:

Uncle Sam is a fictional character who represents the United States government. His predecessor was a character named Brother Jonathan.

How it works (Example):

Uncle Sam first appeared in the 1820s. Though many artists drew the character in a variety of political cartoons during that time, the artist Thomas Nast is most commonly credited for creating the image most familiar to us today. Nast's first illustration of Uncle Sam was published in the November 20, 1869, edition of Harper's Weekly. Artist James Montgomery Flagg also created a famous image of Uncle Sam wearing a top hat and blue jacket and pointing a finger at the viewer in the famous "I Want YOU for U.S. Army" poster.

The name "Uncle Sam" is associated with Samuel Wilson, a meat packer from Troy, New York. Wilson supplied beef to the U.S. Army during the War of 1812 and he stamped the barrels with "U.S." Apparently, soliders began joking that initials meant that the food was from "Uncle Sam." The media published this, which helped the term become the official nickname for the U.S. government.

Image courtesy of the Library of Congress.

Why it Matters:

Uncle Sam is not just a symbol of the U.S. government. He is also a patriotic symbol of the unity and strength of the United States.

Related Terms View All
  • Auction Market
    Though most of the trading is done via computer, auction markets can also be operated via...
  • Best Execution
    Let's assume you place an order to buy 100 shares of Company XYZ stock. The current quote...
  • Book-Entry Savings Bond
    Savings bonds are bonds issued by the U.S. government at face values ranging from $50 to...
  • Break-Even Point
    The basic idea behind break-even point is to calculate the point at which revenues begin...
  • Calendar Year
    If Company XYZ starts its fiscal year on January 1 and ends its fiscal year on December...