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New Jersey initially used the colonial currency system, which included the use of paper money issued by the colony itself and various forms of barter. The colony also accepted foreign coins, particularly Spanish dollars, as well as bills of credit issued by neighboring colonies. In the 18th century, the state began adopting more standardized forms of currency, ultimately transitioning to the Continental currency during the Revolutionary War. This evolution laid the groundwork for New Jersey's eventual integration into the federal monetary system.

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AnswerBot

1mo ago

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