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A Continental Dollar
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Book Synopsis GB Continental Currency and Coins by : David Q. Bowers
Download or read book GB Continental Currency and Coins written by David Q. Bowers and published by Whitman Publishing. This book was released on 2021-02-16 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: Only a few weeks after the Shot Heard Round the World, the American Continental Congress authorized its very first issuance of paper money. Continental Currency was based on the hope of a young nation's future and a war for liberty, not on a solid foundation of silver or gold. Despite being plagued by counterfeiting, depreciation, and distrust in the marketplace, this currency marked a great forward step for Britain's freedom-seeking colonies, and its effects on American money would be felt for generations. This Guide Book brings together history, art, and numismatic knowledge to present the complete story of Continental paper money and the mysterious Continental dollar coin (or is it a medal?). Inside you'll find large, full-color images of every Continental Currency bill and 1776 Continental dollars, valuations, market-performance comparison, and historical context for the creation of the currency and the mottoes and emblems shown on these pieces of Revolutionary War history.
Book Synopsis A Continental Dollar by : Emilie Benson Knipe
Download or read book A Continental Dollar written by Emilie Benson Knipe and published by . This book was released on 1923 with total page 402 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis A Continental Dollar by : E. B Knipe A. B Knipe
Download or read book A Continental Dollar written by E. B Knipe A. B Knipe and published by Wildside Press LLC. This book was released on 2007-09-01 with total page 394 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Continental Dollar by : Farley Grubb
Download or read book The Continental Dollar written by Farley Grubb and published by University of Chicago Press. This book was released on 2023-07-06 with total page 354 pages. Available in PDF, EPUB and Kindle. Book excerpt: "An essential new history of America's monetary origins. The Second Continental Congress faced multiple daunting challenges when it was convened in summer 1775. First the assembly had to create a de facto government for the loosely joined colonies that would become the United States. It then had to strategize a war effort for what would become the American Revolution. And it also had to figure out how to pay for all of it-without the benefit of any real legal authority to do so. The Continental Dollar is a sweeping, revelatory new history of how the fledgling United States paid for its first war. Economist Farley Grubb upends the folk telling of this story, in which the US printed cross-colony money, called Continentals, to serve as an early fiat currency-a currency that is not tied to a commodity like gold, but rather to the viability and legal authority of the issuer. As Grubb outlines in rigorous terms, the Continental was not a fiat currency, but a "zero-coupon bond"-a wholly different species of currency that is both value-anchored (one Continental was a promise to pay the holder one milled Spanish silver dollar after a defined future time) and subject to discounting by the issuer if that issuer needs fast capital. Through this lens, and as confirmed by Grubb's exhaustive mining of 18th-century colonial monetary records, the appearance of Continental-dollar depreciation was, in fact, capricious discounting: the US was playing easy money in the face of an expensive war. Drawing on decades of research and careful mining of historical evidence, The Continental Dollar is an essential and authoritative origin story of the early American monetary system. It is certain to serve as the benchmark for critical work in this space for decades to come"--
Book Synopsis The Continental Dollar by : Farley Ward Grubb
Download or read book The Continental Dollar written by Farley Ward Grubb and published by . This book was released on 2007 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt: The U.S. Congress issued paper money called Continental Dollars to finance the American Revolution. The story of the Continental Dollar is familiar to all -- excessive amounts were issued causing hyper-inflation. It became worthless and was forgotten. However, the details of this story, including its veracity, are less well known. Scholars even disagree over how much was issued. Evidence is gathered to establish the exact amount and time path of Continental Dollars emitted and then remitted to the U.S. Treasury and burned. Why some Dollars were hoarded rather than trashed between 1779 and 1790 is also documented.
Book Synopsis Historical Sketch of Continental Paper Money by : Samuel Breck
Download or read book Historical Sketch of Continental Paper Money written by Samuel Breck and published by . This book was released on 1863 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Continental Dollar by : Farley Grubb
Download or read book The Continental Dollar written by Farley Grubb and published by . This book was released on 2007 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The U.S. Congress issued paper money called Continental Dollars to finance the American Revolution. The story of the Continental Dollar is familiar to all -- a lot were issued and hyper-inflation ensued. However, the details of this story are less well known. Scholars even disagree over how much was issued -- disagree by over 50 percent. Meaningful monetary analysis of the Continental Dollar cannot proceed given this confusion in the data. Evidence is gathered here to reconcile past estimates and establish the exact amount and time path of Continental Dollars emitted thereby overcoming the entropy that has crept into the historical record
Book Synopsis The Continental Dollar by : Farley Grubb
Download or read book The Continental Dollar written by Farley Grubb and published by . This book was released on 2010 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt: Congress financed the American Revolution by issuing paper Continental Dollars. The story of the Continental Dollar is familiar to all -- a lot were issued and hyper-inflation ensued. Emissions were permanently discontinued in 1779. Thereafter, they became worthless and were forgotten. They had no impact on subsequent public finance. The veracity of the last part of this story is challenged here. Evidence is presented to establish that the disposition of the Continental Dollar remained an open question well into the 1790s. Evidence is also presented to establish the exact time path of the retirement of Continental Dollars between 1779 and 1790.
Book Synopsis The 1776 Continental Currency Coinage by : Eric P. Newman
Download or read book The 1776 Continental Currency Coinage written by Eric P. Newman and published by . This book was released on 2012-10-01 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Coin Collector's Journal, V19, No. 4, New York, July-August 1952.
Book Synopsis The Continental Dollar by : Farley Grubb
Download or read book The Continental Dollar written by Farley Grubb and published by . This book was released on 2011 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: An alternative history of the Continental Dollar is constructed from the original resolutions passed by Congress. The Continental Dollar was a zero-interest bearer bond, not a fiat currency. The public could redeem it at face value in specie at fixed future dates. Being a zero-interest bearer bond, discounting must be separated from depreciation. Before 1779 there was no depreciation, only discounting. In 1779 and again in 1780 Congress passed ex post facto laws which altered the redemption dates of past Continental Dollars in ways that were not fiscally credible. These laws were the turning point. Depreciation and collapse followed -- National Bureau of Economic Research web site.
Book Synopsis The Continental Dollar by : Farley Grubb
Download or read book The Continental Dollar written by Farley Grubb and published by . This book was released on 2011 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: An alternative history of the Continental Dollar is constructed from the original resolutions passed by Congress. The Continental Dollar was a zero-interest bearer bond, not a fiat currency. The public could redeem it at face value in specie at fixed future dates. Being a zero-interest bearer bond, discounting must be separated from depreciation. Before 1779 there was no depreciation, only discounting. In 1779 and again in 1780 Congress passed ex post facto laws which altered the redemption dates of past Continental Dollars in ways that were not fiscally credible. These laws were the turning point. Depreciation and collapse followed.
Book Synopsis So-Called Dollars by : Harold E. Hibler
Download or read book So-Called Dollars written by Harold E. Hibler and published by Coin & Currency Institute. This book was released on 2008-02-01 with total page 191 pages. Available in PDF, EPUB and Kindle. Book excerpt: When So-Called Dollars was published it was the first, and it is still the only book to deal comprehensively with its subject matter. The book begins with the legendary Erie Canal Completion issues of 1826 and proceeds to catalog 135 years of the Golden Age of American history, all the way up to 1961. Although there have been many propositions for reviving the book over the years, none were more than theoretical musings until two collectors, Tom Hoffman of Crystal Lake, IL and Jonathan Brecher of Cambridge, MA set the process in motion. They have been joined by two others, Dave Hayes and John Dean, to produce a remarkable new edition, of the sort that can only be the product of dedicated hobbyists who love their subject and see it as their obligation to share with others the knowledge gained from years of collecting. While the second edition holds true to the original in basic style and in substance, prices have skyrocketed and it offers much that is new. There are many more illustrations than in the first edition. In fact, virtually every type is now represented by a photograph. More historical information for the issues is presented in the text, which has been further expanded with additional listings of both previously unknown metal varieties and totally new items. The size of each item is now given in mm rather than in 16ths of an inch as in the 1963 edition. Each issue has been assigned a rarity rating of from R-1, indicating more than 5,000 known, to R-10, meaning unique. In addition, a loose-leaf price guide included in each book at no additional charge. The index has been expanded to include references to more subjects and places. Finally, there is a section of color plates. The Hibler & Kappen book remains the standard reference work on the subject with its HK numbers an instantly recognizable means of cataloging and identification.
Book Synopsis The Continental Dollar by : Farley Grubb
Download or read book The Continental Dollar written by Farley Grubb and published by University of Chicago Press. This book was released on 2023-07-06 with total page 354 pages. Available in PDF, EPUB and Kindle. Book excerpt: An illuminating history of America’s original credit market. The Continental Dollar is a revelatory history of how the fledgling United States paid for its first war. Farley Grubb upends the common telling of this story, in which the United States printed cross-colony money, called Continentals, to serve as an early fiat currency—a currency that is not tied to a commodity like gold, but rather to a legal authority. As Grubb details, the Continental was not a fiat currency, but a “zero-coupon bond”—a wholly different species of money. As bond payoffs were pushed into the future, the money’s value declined, killing the Continentals’ viability years before the Revolutionary War would officially end. Drawing on decades of exhaustive mining of eighteenth-century records, The Continental Dollar is an essential origin story of the early American monetary system, promising to serve as the benchmark for critical work for decades to come.
Download or read book The Continental Dollar written by and published by . This book was released on 2008 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: Congress financed the American Revolution by issuing paper Continental Dollars. The story of the Continental Dollar is familiar to all -- a lot were issued and hyper-inflation ensued. Emissions were permanently discontinued in 1779. Thereafter, they became worthless and were forgotten. They had no impact on subsequent public finance. The veracity of the last part of this story is challenged here. Evidence is presented to establish that the disposition of the Continental Dollar remained an open question well into the 1790s. Evidence is also presented to establish the exact time path of the retirement of Continental Dollars between 1779 and 1790.
Book Synopsis The Continental Dollar by : Farley Grubb
Download or read book The Continental Dollar written by Farley Grubb and published by . This book was released on 2013 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of this paper is to convince the reader that the Continental dollar was a zero-interest bearer bond and not a fiat currency-thereby overturning 230 years of scholarly interpretation; to show that the public and leading Americans knew and acted on this fact, and to illustrate the ideal performance of the Continental dollar as a zero-interest bearer bond. The purpose of establishing the ideal performance is to create a benchmark against which empirical measures of depreciation can be evaluated in future papers.
Book Synopsis Historical Sketch of Continental Paper Money by : Samuel Breck
Download or read book Historical Sketch of Continental Paper Money written by Samuel Breck and published by BoD – Books on Demand. This book was released on 2024-03-19 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: Reprint of the original, first published in 1843.
Book Synopsis The Early Paper Money of America by : Eric P. Newman
Download or read book The Early Paper Money of America written by Eric P. Newman and published by . This book was released on 1967 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt: An illustrated historical, statistical and descriptive compilation of data relating to American paper currency from its inception.