The United State Monetary History - Softcover

Inhaltsangabe

The colonial era, when the American colonies utilized foreign currencies like the British pound, Spanish dollar, and French livre, is when the United States' monetary history began. Following its declaration of independence, the United States adopted the Continental currency, which was swiftly succeeded as the country's official currency by the US dollar in 1792. Since then, the US dollar has dominated the global monetary system, supported by a number of monetary policies and systems including the gold standard, the Federal Reserve System, and contemporary fiat money. The US dollar has experienced multiple episodes of inflation, deflation, and revaluation throughout its history. Important occasions include the Civil War, the Great Depression, and different financial crises.

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