History of the United States I / Unit 6 USH1 0783 short lesson, about 20 seconds
The War's Economics
Captions available
The idea
Britain paid in gold and silver while the Americans used paper backed by European loans, and Continental currency collapsed.
In practice
The phrase not worth a Continental entering the language.
Where people slip
By seventeen eighty-one inflation reached one hundred forty-six Continental dollars to one gold dollar, worsened by each state printing its own.
Your place on the trail
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Builds on
Unlocks
- Nothing yet depends on this.
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