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Under the the federal government issued paper money?
B. legal tender act
What was shinplaster?
paper money paper money
During the critical period did the states print their own money?
Yes. During the critical period (1783 - 1793) following the Revolutionary War and until George Washington became president, states issued their own paper money. Most of this money was nearly worthless.
Are all presidents on paper money?
Neither are all the presidents on paper money and not all paper money have pictures of presidents. For example Ben Franklin is on the hundred.
Why might people distrusted the value of paper currency issued by the continental congress during the revolutionary war?
Paper money has no intrinsic value and is easy to counterfeit. As a result, massive amounts of paper money were printed and distributed. The market had more money than goods and services, thus resulting in higher prices for goods and services, in the process it devalued the paper money.
What is Fractional Currency?
Fractional currency refers to paper money that was issued in denominations of less than one dollar. These were issued by both sides in the American Civil War due to the hoarding of coins by people who had no faith in paper money.
Who issues money?
Paper money is issued by the Federal Reserve.
What is inconvertible paper money?
money that can not convertible into the Gold and Silver like paper and coins money issued by Government.
Civil war money?
To pay for the war, the Confederate States of America issued vast amounts of paper money during the Civil War. Likewise, the U.S. Congress authorized the printing of paper currency for the first time in 1862. This paper money was called the greenback.
When was the first paper money issued by the government?
1863
What was the paper money issued by the Union called?
Greenbacks
What was the nickname of paper money issued by the union?
greenbacks
When was the first paper money issued by the gov't?
1690
What paper was issued by the government to raise money in World War 1?
bonds were issued by the government to raise money during WW1
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 happened when individual states issued to much paper money?
Inflation
What was the name of the paper money the government issued because of its color?
bonds
