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The British parliament passed currency acts in 1751, 1764, and 1773 to regulate colonial paper money. During the American Revolution , the colonies became independent states. No longer subject to monetary regulations arbitrarily imposed by the British parliament, the states began to issue paper money to pay for military expenses .
A History of Money and Banking in the United States is a 2002 book by economist Murray Rothbard, released posthumously based on his archived manuscripts. [1] The author traces inflations, banking panics, and money meltdowns from the Colonial Period through the mid-20th century.
The numismatic history of the United States began with Colonial coins such as the pine tree shilling and paper money; most notably the foreign but widely accepted Spanish piece of eight, [1] ultimately descended from the Joachimsthaler and the direct ancestor of the U.S. Dollar.
A History of Money and Banking in the United States: The Colonial Era to World War II ... _The_Colonial_Era_to_World_War_II&oldid=640861245" This page was last edited ...
Card money worth one guilder, from Dutch Guiana (1801). Card money is a type of fiat money printed on plain cardboard or playing cards, which was used at times as currency in several colonies and countries (including Dutch Guiana, New France, and France) from the 17th century to the early 19th century.
The paper money issued in colonial Massachusetts was denominated in £sd, although it was worth less than sterling. Initially, six shillings were equal to one Spanish dollar . After years of high inflation, in 1749 Massachusetts withdrew its paper money from circulation and returned to specie.
The history of money is the development over time of systems for the exchange, storage, and measurement of wealth.Money is a means of fulfilling these functions indirectly and in general rather than directly, as with barter.
Ward, Harry M. "Review: Money and Politics in America, 1755–1775: A Study in the Currency Act of 1764 and the Political Economy of Revolution." The Journal of Southern History 40.3 (1974): 460–462. Further reading. Brock, Leslie V. The currency of the American colonies, 1700–1764: a study in colonial finance and imperial relations.