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One by one, colonies began to issue their own paper money to serve as a convenient medium of exchange. On December 10, 1690, [4] the Province of Massachusetts Bay created "the first authorized paper money issued by any government in the Western World". [5] This paper money was issued to pay for a military expedition during King William's War ...
In the American colonies, settlers from Northern Ireland focused on mixed farming. Using this technique, they grew corn for human consumption and as feed for hogs and other livestock. Many improvement-minded farmers of all different backgrounds began using new agricultural practices to raise their output.
The currency of the American colonies, 1700–1764: a study in colonial finance and imperial relations. Dissertations in American economic history. New York: Arno Press, 1975. ISBN 0-405-07257-0. Ernst, Joseph Albert. Money and politics in America, 1755–1775; a study in the Currency act of 1764 and the political economy of revolution. Chapel ...
Several historical figures with a background in engraving and printing were involved in the production of early American currency. Benjamin Franklin began printing Province of Pennsylvania notes in 1729, [ 6 ] took on a partner (David Hall) in 1749, [ 7 ] and then left the currency printing business after the 1764 issue. [ 8 ]
The domestic economy of the British American colonies enjoyed a great deal of freedom, although some of their freedom was due to lack of enforcement of British regulations on commerce and industry. Adam Smith used the colonies as an example of the benefits of free enterprise. [5]: 13 Colonists paid minimal taxes.
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The American Revolution (1765–1783) was a dispute over the British Parliament's right to enact domestic legislation for the American colonies. The British government's position was that Parliament's authority was unlimited, while the American position was that colonial legislatures were coequal with Parliament and outside of its jurisdiction.
James Stephen George Boggs (January 16, 1955 – January 22, 2017) was an American artist, best known for his hand-drawn depictions of banknotes.Due to his pre-Bitcoin philosophical questions about the value of fiat currency, [2] his early interest in creating his own currency, [3] and his contributions to an "encrypted online currency" as early as 2000, [4] Boggs was described by Artnet as ...
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