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1862 was the first year the US government officially issued paper money.

However various other agencies, banks, etc. issued paper bills as far back as the Revolution. The Continental Congress famously issued "Continental Currency" to pay for the war. It had no backing and rapidly became worthless, leading to the expression "not worth a Continental" which remained in common use for decades afterwards.

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Luigi Torphy

Lvl 10
3y ago

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