The Story of American Dollar $$$
There is a long history behind USD and how it became the currency as it is today, but we will start from the late 18th century. It all started with the American Revolutionary War, also known as the American Revolution that took place between 1765 - 1783 in which American patriots in Thirteen Colonies won independence from Great Britain. The American revolution was one of the first mile stones in the making of American Dollar. During this time period American Congress issued, what they called Continental Dollar to finance the American Revolution. Continental Dollar were a paper currency and were used until late 1700's and demised somewhere between 1779 & 1790. They were unofficially still used till 1914. The main reason behind the fall of Continental Dollar was Hyperinflation. From 1790 up until 1913 American currency system was a mishmash of private bank notes issued by state chartered banks; special coins issued by Treasury; and also foreign coins & bank notes. In ...