The continental dollar
Subtitle: what happened to it after 1779?
By: Farley Grubb.
Contributors: National Bureau of Economic Research.
Series: NBER working paper series -- working paper 13770; Working paper series (National Bureau of Economic Research : Online) -- working paper no. 13770.
Publisher: National Bureau of Economic Research
Published: 2008
Place of publication: Cambridge, MA
Language: eng
Format: Electronic resource
Description: "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"--National Bureau of Economic Research web site.
Notes: Title from PDF file as viewed on 6/12/2008.

Includes bibliographical references.

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