Essay heading: evolution of monetary system

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American History

 

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Date added:

November 1, 1999

 

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2 / 558

 

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In 1755 the Continental Congress started to print money. Then in 1755 the newly established Continental Congress made continental papers with many different symbols on them such as a great seal with an eagle, and a pyramid with an eye. In 1791 the U.S. dollar became legal tenor. In 1813 over two hundred and eight banks made money from Delaware to New York with the face of Santa Claus on it...
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In 1791 the U.S. dollar became legal tenor. In 1813 over two hundred and eight banks made money from Delaware to New York with the face of Santa Claus on it. Every bill could be taken to any bank and redeemed for gold and/or silver. The dollar bill depreciated in value very fast. In 1841 the bank went out of business and the United States had $200,000 to its name...
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