Continental Dollar
Subtitle: how much was issued and what happened to it?
By: Farley Grubb.
Contributors: National Bureau of Economic Research.
Series: NBER working paper series -- no. 13047.; Working paper series (National Bureau of Economic Research) -- working paper no. 13047.
Publisher: National Bureau of Economic Research
Published: 2007
Place of publication: Cambridge, Mass
Language: eng
Number of pages: 72
Subjects: Money -- United States -- History -- 18th century
Description: 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.
Notes: "April 2007"

Includes bibliographical references (p. 41-43).