evolution of monetary system

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American History


Written by:

Nicholas T


Date added:

April 11, 2015








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2 / 558


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Now that it is paper many people think that they shouldn't change it anymore because it's been very successful throughout the years. Within time the dollar has changed tremendously. With regard to the development of American Currency, the 1600's began the evolution of the dollar. When the colonists first came to America the Native Americans taught them about Wampum...
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When the colonists first came to America the Native Americans taught them about Wampum. They traded corn, peas, rum, nails, and other common items that were needed in everyday lives. After using this barter system for a while the colonists realized that this system was not fair or practical. They then used the thaler or dollar as we know it today...
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