0
A form of currency during the revolutionary war that was not backed by gold or silver?
Wiki User
∙ 13y ago
the continental
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
What is the difference between US notes and silver certificates?
Silver certificates were bills backed by silver on deposit with the Treasury. They could be issued only in quantities that didn't exceed the total value of that silver. At one time, when the price of silver was fixed by the government, it was possible to exchange these bills for silver bullion as well as coins. When the price of silver was deregulated in the mid-1960s silver certificates were discontinued and the practice of exchanging for metal was ended. Most silver certificates are recognizable by their blue seals. US Notes were currency issued directly by the Federal Government (rather than through the central bank) but not backed by gold or silver on deposit. Most of these had red seals and serial numbers. They were issued from 1862 to 1966, and were discontinued only as a money-saving move to consolidate all currency production and administration under the Federal Reserve. Federal Reserve Notes (green seals) are the only kind of currency now printed in the US. They're produced by the Bureau of Engraving and Printing* for each of the 12 districts administered by the Federal Reserve system, the nation's central bank. Like US Notes, they're not backed by any gold or silver but instead rely on the stability of the government to validate their acceptance in the marketplace. (*) Regardless of common myths and misunderstandings, only the BEP makes bills. The US Mint is responsible for coins and is totally separate from the BEP.
Why did Populist want the US to move from a currency backed by gold to one backed by both gold and silver?
In 1893, the country was in thrown into a depression that lasted until roughly 1900 from the bursting of the railroad speculation bubble. Populists, who were primarily farmers, wanted to reinstate the system of bimetallism that had traditionally been in place in an effort to inflate the currency to provide them with more cash that could then be used to pay off their debts with cheaper dollars. -It would increase the supply of money.
What is a us note with blue ink?
A us noTe with blue ink is backed by silver
Why does some US paper money have red serial numbers?
Because you have a United States Note, also known as a Legal Tender Note. Back before the US withdrew silver from its circulating currency, there were 3 main types of notes that circulated. Federal Reserve Notes, currency that currently circulates today with green serial numbers and seals which were produced by the Federal Reserve. Silver Certificates which were promises by the government that one dollar of silver was within its treasury and if you took it to the government they would pay you a silver dollar (or 10 silver dimes, or 4 silver quarters, or 2 silver half dollars and so on, the government stopped allowing them to be cashed in for silver in the late 1960s however) and the United States Notes which were not backed by silver or gold. Today, United States Notes in decent condition are worth more than their face value to collectors.
How much is a 1943 silver certificate dollar coin worth?
A silver certificate is paper currency. It is not a coin. No silver dollars were minted in 1943, and no silver certificates were printed with that date either.
What was a form of currency during the revolutionary war that was not backed by gold or silver?
contintal
Was a form of currency during the Revolutionary War that was not backed by gold or silver?
the continental
What was the form of currency during the revolutionary war that was not backed by silver or gold?
colonial scrip
What was the currency during the revolutionary war that was not blocked by gold and silver?
the continental
What was the currency that the continental congress during the Revolutionary War that was not blacked by gold and silver?
The dollar
Which of the following is true about the currency printed by the Articles of Confederation government?
it was not backed by gold silver or landIt was not backed by gold, silver, or land.
Why did populists want the US to move from a currency backed by gold to one backed by gold and silver?
It would increase the supply of money.
Whats the currency of Wales?
The currency of Wales is the pound sterling. Commonly called the pound, the pound sterling was once backed by silver and gold, but is now only backed by the economy of the areas where it is used.
Why did the populists want the US to move from a currency backed by gold to one backed by both gold and silver?
It would increase the supply of money.
Why did populists want the US to move from currency backed by gold to one backed by both gold and silver?
It would increase the supply of money.
Why did populists want the US to move from a currency backed by gold to one backed by both gold and silver?
It would increase the supply of money.
Why did populists want the unites states to move from a currency backed by gold to one backed by both gold and silver?
it would increase the supply of money
