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jan 1, 1775 - Continental Congress issues paper currency

Description:

The phrase “not worth a Continental” is coined after the Continental Congress issues paper currency to finance the Revolutionary War, this currency quickly loses its value because of a lack of solid backing and the rise of counterfeiting.

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ByMichael Meehan
9 Oct 2018
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0
447

Date:

jan 1, 1775
Now
~ 251 years ago

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