The Continental Dollar: How the American Revolution Was Financed

An illuminating history of America’s original credit market.  The Continental Dollar is a revelatory history of how the fledgling United States paid for its first war. Farley Grubb upends the common telling of this story, in which the United States printed cross-colony money, called Continentals, to serve as an early fiat currency—a currency that is not tied to a commodity like gold, but rather to a legal authority. As Grubb details, the Continental was not a fiat currency, but a “zero-coupon bond”—a wholly different species of money. As bond payoffs were pushed into the future, the money’s value declined, killing the Continentals’ viability years before the Revolutionary War would officially end.   Drawing on decades of exhaustive mining of eighteenth-century records, The Continental Dollar is an essential origin story of the early American monetary system, promising to serve as the benchmark for critical work for decades to come.

refugees - Journal of the American Revolution

The Road to The First Continental Congress

Review: The Common Cause: Creating Race and Nation in the American Revolution — Bunk

PDF] Is Paper Money just Paper Money/ Experimentation and Local Variation in the Fiat Paper Monies Issued by the Colonial Government of British North America, 1690-1775: Part I

Campaign for the American Reader: Pg. 99: Farley Grubb's The Continental Dollar

PDF) 508 EHA Abstracts The Long-Term Impact of the Thirty Years War : What Grain Price Data Reveal

Journal of the American Revolution: History, culture, politics, war.

The Cause' Review: Revolutionary Answers — Bunk

The Continental Dollar: How the American Revolution Was Financed with Paper Money