Tag: Colonial Economics

  • June 22, 1775: Continental Cash

    Cover art for June 22, 1775: Four Continental Dollars bill issued in November 1775. via University of Notre Dame archives

    Here’s a hard economic reality: if you want to break away from a parent nation, you need to stop using their currency.

    Here’s another one: if you’re going to issue currency, you certainly need to have the capital to back it up.

    And you also don’t want to make it easy to counterfeit.