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Why did paper money lose its value during the American revolution?
Wiki User
∙ 12y ago
there wasn't enough gold or silver to back it up
Wiki User
∙ 14y ago
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What expressions came from life the American revolution?
An expression that came from life during the American Revolution was to put your John Hancock on paper.
Why was Hamilton's debt plan controversial?
People opposed Alexanders Hamilton's plan because he wanted everybody to help out. The southern states already helped out. They didn't want to help out even more.
What was paper money called during the revolutionary was?
confidential money
What year was paper money invented in India?
Paper money was actually invented by the Chinese during the 7th century.
What currency was used in the french revolution?
Assignats was the paper money from 1789 to 1796 and issued by the National Assembly
What caused the dollar to be devalued during the American Revolution?
Simply, Inflation of printing too much paper money for weapons during the war.
Why did Hamilton's plan to pay off the debt to American citizens cause such a storm of protest?
American citizans unleashed a storm of protest. When the government had borrowed money during the American Revolution, it had issued during the American Revolution, it had issued bonds-paper notes promising to repay the money in a certain length of time. In text book hope it will help.
What expressions came from life the American revolution?
An expression that came from life during the American Revolution was to put your John Hancock on paper.
How did the Boston Observer get started?
The Boston Observer was a paper printed during the American Revolution. The paper began as one sympathetic to the Whig causes.
What is the definition of commissary notes?
A type of paper money used during the American Revolutionary War.
What was the currency authorized by Congress to finance the Revolution and depreciated to near worthlessness?
"continental" paper money "continental" paper money
Why was Hamilton's debt plan controversial?
People opposed Alexanders Hamilton's plan because he wanted everybody to help out. The southern states already helped out. They didn't want to help out even more.
What was paper money called during the revolutionary was?
confidential money
What provided most of the money raised by the continental congress for the revolution?
the printing of paper money by Congress and the states
How many years ago was the first paper money printed?
Thousands of years ago. The Ancient Chinese had paper money. In all they produced paper money from the 9th through the 15th century. In the United States it dates from the revolution.
What year was paper money invented in India?
Paper money was actually invented by the Chinese during the 7th century.
How much is 20 republika ng pilipinas paper money woth in American money?
How much is 20 republika ng pilipinas paper money woth in American money?In: http://wiki.answers.com/Q/FAQ/4423[Recategorize] [Special:Movepage]How much is 20 republika ng pilipinas paper money woth in American money?In: http://wiki.answers.com/Q/FAQ/4423[Recategorize] [Special:Movepage]
