Continentals
Contents
Unveiling the Legacy of Continentals: The Paper Currency of Revolutionary America
Embark on a journey through history as we delve into the intriguing world of continentals, the paper currency that played a pivotal role in financing the American Revolutionary War.
Understanding Continentals: The Revolutionary Currency
Step back in time to the tumultuous years of the American Revolution, where the Continental Congress issued paper currency known as continentals to fund the war effort. Discover how these currency notes, lacking backing by tangible assets like gold or silver, rapidly depreciated in value, leading to economic turmoil and the coining of the infamous phrase "not worth a continental."
The Rise and Fall of Continentals: A Tale of Economic Struggle
Explore the tumultuous trajectory of continentals as they flooded the economy, with more than $200 million in rebel currency issued, only to plummet into worthlessness within five years. Uncover the role of British counterfeiting in exacerbating the devaluation of continentals and the economic challenges faced by the young nation in the aftermath of the war.
From Worthless Currency to Financial Innovation: The Road to Recovery
Witness the evolution of America's financial landscape as leaders grappled with economic instability and mounting war debts. Follow the journey from the cessation of continentals issuance to the establishment of the Bank of the United States by Alexander Hamilton, marking a pivotal step towards stabilizing the economy and laying the groundwork for the modern monetary system.