Continental currency collapse silver dollar exchange rate

A thousand Continental dollars equaled one silver dollar

During the American Revolution, Congress and the states issued Continental dollars without a shared money policy, and neither had the means or will to remove the bills. After the currency collapsed, it was replaced at a rate of one silver dollar for 1,000 Continental dollars. The failure helped prompt the Constitution to bar states from making anything but gold and silver coins legal payment for debts.

Like this? There’s a whole feed of it. Replace empty scrolling with things worth knowing.
Download Hence for free