Continental dollar

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⅓ Continental dollars

The continental dollar was the first own currency of the United States , which the Continental Congress in 1776 to finance the war for independence from the British Empire introduced.

However, there was no confidence in the paper money. Although the Colonists' Congress attempted to impose the paper dollars through threats, anyone who refused to accept the notes should be treated as an enemy of the country. The growing amount of money quickly undermined the already weak confidence in the new currency. And so it was necessary to carry out a currency reform as early as 1780 , which practically led to the expropriation of all holders of the first dollar paper money.

See also