The continental dollar : how the American revolution was financed with paper money /
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...
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| Main Author: | |
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| Format: | Electronic eBook |
| Language: | English |
| Published: |
Chicago :
The University of Chicago Press,
2023.
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| Series: | Markets and governments in economic history.
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| Subjects: | |
| Online Access: | CONNECT |
Table of Contents:
- Introduction
- Part I. What was the continental dollar? the intended structural design. Emitting continental dollars
- Richard Smith and New Jersey's influence
- Denominational spacing and value size
- Informing the public
- Descriptions by contemporary leaders
- Congressional spending
- Legal tender
- Loan office certificates
- Part II. Value and performance. Modeling value
- Rational bond pricing
- The current market exchange value
- Time-discounting versus depreciation
- 1779 : the turning point
- 1780-1781 : the road to abandonment
- Part III. Epilogue. State redemption of continental dollars
- The 1790 Funding Act and final default on the continental dollar
- The constitutional transformation of the US monetary system.
