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The system of money in America between 1776 and 1789 was a hodgepodge. It consisted of British, French, Continental, and Spanish currencies, and base metals or gold and silver. After Spain entered the war on the side of the United States, the standard currency became the Spanish dollar. Still, other currencies were accepted. After the war ended, The United States went on a gold standard and the government stopped issuing paper currency, but individual banks issued paper currency.
Wiki User
∙ 14y ago
Wiki User
∙ 12y agoThere were at least 14 different kinds of money.. plato sucks
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What is the economic system of the US Called explain how it works-?
capitalist economy, Karl Max describe a system in which a small group of people who control large amounts of money, or capital, make the most important economic decisions.
What are the differences between economic development and financial system?
Economics development is a measurement of how an economy is developing and takes into account the standard of living, environmental sustainability, social inclusion, competitiveness, infrastructure and human capital levels. The financial system is the system which allows the transfer of money between savers and borrowers.
Economic system used to make money?
The biggest economic system used to make money is capitalism. Which is a system of free enterprise.
What is the fiat system?
the fiat money is money declared by a government. the fundamental flaw in the fiat money system can be summed up as human nature. the main reason that the masses ignore the inevitable failure of fiat money system
What is economic want?
A economic want is what is desired being related to politics trading systems or money system as well. For example 'An economic want of America is to have lower gas prices.'
How would you describe the money system in Chile?
there money is the same like in the u.s
Describe the money system in America between 1776 and 1789?
The system of money in America between 1776 and 1789 was a hodgepodge. It consisted of British, French, Continental, and Spanish currencies, and base metals or gold and silver. After Spain entered the war on the side of the United States, the standard currency became the Spanish dollar. Still, other currencies were accepted. After the war ended, The United States went on a gold standard and the government stopped issuing paper currency, but individual banks issued paper currency.
What is the money they use in South America?
Each country on the continent of South America has its own monetary system.
How did Ponyboy describe the difference between Socs and Greasers?
hair and money and tuffness
How much money does Canada owe America?
Somewhere in between 80-90 billion dollars(not trillion)
Why is New York in poverty?
Due to the capitalist system of America. Whoever has more money can earn more income.
What is financial system?
Financial system is a system used by organizationÕs management to exercise financial control and accountability. It allows transfer of money between savers and borrowers.
What was the padrone system?
It was a system where people from foreign countries were kidnapped or sold to a man who brought them to America, and they had to go on the streets and earn money for the padrone. every day, the padrone would collect a certain amount of money. I hope this answer helped!
What is a money system?
A money system is something that gives you money
What words describe value?
Money!
What type of income tax system does the tax rate or the proportion of earnings taken out in taxes is greater for higher incomes?
This is a progressive tax system. Those with the most money will have to pay the most in taxes. This is the system used in America.
Were whites ever enslaved in the US?
There were no official white slaves, but there was a system called indentured servitude. Under this system, white people borrowed money to come to America, and then "worked off" the money they owed - many times, the person who loaned them money cheated on this, and the people ended up as unofficial slaves.
