HIST 350 Lecture Notes - Lecture 10: United States One Hundred-Dollar Bill, James Wilson, This Is The End
6 Jul 2017
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Never any hard currency in the 1700s when there"s a gold or silver rush, that"s why everyone freaks out, because we really need it. Place holders for gold and silver. indians had this, where they considered a ceremonial thing to be gold and silver. British say that you can"t issue paper money but it was already something that the colonists was used to. The revolution destroys that con dence in paper money. elites nd it increasingly untrustworthy. But the congress is going to issue money, which is important. Ridges of the quarter, based on isaac newton, so you"d know between coins. Counterfeiting money is a huge problem. at that time, money was from the king so it was a huge o ense against the crown. The war makes them issue so much more, by the end of 1776, it"s 25 million dollars. the army needed it so they needed to print out more for the army.
