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No. At the time the expression 'not worth a continental' meant a useless article or person. A dollar bill was only worth a dollar because the government said it was and the law required merchants to accept it. There was no way the US government could force a foreign person or company to accept this un-backed paper money, so imports had to be paid for in silver and gold.
What else can I help you with?
What is the present Global reserves of Gold?
Present Amount of Global Gold Reserves
Why do countries have gold reserves?
countries have gold reserves just in case they run out of glittering gold and if they run out of reserved gold there bugered
What two precious metals were the Spaniards looking for in the Aztec empire?
The Spaniards were primarily looking for gold and silver in the Aztec empire. They were drawn by stories of the Aztecs' abundant reserves of these precious metals, which played a significant role in their conquest and colonization of the region.
What are Sudans main resources?
Natural resources: petroleum; small reserves of iron ore, copper, chromium ore, zinc, tungsten, mica, silver, gold
What is the main job in venezeula?
the gold reserves
What is the solute and solvent in silver and gold?
In a silver-gold alloy, silver is the solvent and gold is the solute. Silver acts as the base in which gold is dissolved.
What are the estimated reserves?
Not sure if this is a math/ statistics question. Reserves are assets you hold, but are not using immediately. There are oil reserves, mineral reserves (like gold reserves) and cash reserves. I think you need to rephrase the question for a proper answer.
When paper money was first printed by some states it was backed by?
When paper money was first printed by some states, it was backed by gold or silver reserves stored in the treasury. This system, known as the gold standard, ensured that each unit of currency could be exchanged for a specific amount of gold or silver. It provided stability and confidence in the currency's value.
Where does the US stock pile it's gold?
The United States primarily stores its gold reserves at Fort Knox, located in Kentucky. Additional holdings are kept at the Denver Mint and the West Point Mint in New York. These locations are secured and managed by the U.S. Department of the Treasury, ensuring the protection and integrity of the nation's gold assets.
Which is heavier gold or silver?
Gold is heavier than silver. Gold has a higher density than silver, which means that a specific volume of gold will weigh more than the same volume of silver.
Which resources first brought settlers to the interior west?
It was gold and silver
You breed a two chao gold and silver but i didn't get a gold and silver chao why?
If you breed a gold and silver chao, you can get * a Gold chao * a Silver chao * a Gold chao with silver highlights * Or a Silver chao with gold highlights If you didn't get any of these, somethings wrong with your gamecube/dreamcast
