When America first declared its independence, how did ex-colonists begin using new American currency without problems of acceptance, actual weight to the currency, or initial reputation?

715 viewsEconomicsOther

How was a new government just able to declare, “This shall be the money we use”, and have citizens accept it as well as use it to pay for goods? Especially when it was newly made and had no weight?

(spoken as a non American)

In: Economics

5 Answers

Anonymous 0 Comments

The colonies were producing their own currencies before independence, in addition there was some bartering for furs and similar items.

https://en.wikipedia.org/wiki/Early_American_currency

You are viewing 1 out of 5 answers, click here to view all answers.