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The history of money is the development over time of systems for the exchange, storage, and measurement of wealth.Money is a means of fulfilling these functions indirectly and in general rather than directly, as with barter.
A History of Money and Banking in the United States is a 2002 book by economist Murray Rothbard, released posthumously based on his archived manuscripts. [1] The author traces inflations, banking panics, and money meltdowns from the Colonial Period through the mid-20th century.
Hammond, Bray, Banks and Politics in America, from the Revolution to the Civil War, Princeton : Princeton University Press, 1957. Rothbard, Murray N., History of Money and Banking in the United States.Full text (510 pages) in pdf format
The first issue amounted to 242 million dollars. This paper money would supposedly be redeemed for state taxes, but the holders were eventually paid off in 1791 at the rate of one cent on the dollar. By 1780, the paper money was "not worth a Continental", as people said, and a second issue of new currency was attempted.
The history of the United States dollar began with moves by the Founding Fathers of the United States of America to establish a national currency based on the Spanish silver dollar, which had been in use in the North American colonies of the Kingdom of Great Britain for over 100 years prior to the United States Declaration of Independence.
A History of the Federal Reserve – Volume 2, Book 2: 1970–1986. Chicago: University of Chicago Press. ISBN 978-0226213514. Rothbard, Murray N. (2002). A History of Money and Banking in the United States: The Colonial Era to World War II. Sebok, Miklos (2011).
The currency of the American colonies, 1700–1764: a study in colonial finance and imperial relations. Dissertations in American economic history. New York: Arno Press, 1975. ISBN 0-405-07257-0. Ernst, Joseph Albert. Money and politics in America, 1755–1775: a study in the Currency act of 1764 and the political economy of revolution. Chapel ...
1862 – To finance the American Civil War, the federal government under U.S. President Abraham Lincoln issued legal tender paper money, called "greenbacks". 1874 – The Specie Payment Resumption Act was passed provided for the redemption of United States paper currency, in gold, beginning in 1879.