Anonymous
Anonymous asked in Arts & HumanitiesHistory · 8 months ago

how was the United States was able to maintain the value of their currency, the Continental, throughout the Revolutionary War?

6 Answers

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  • Athena
    Lv 7
    8 months ago

    It didn't as there was NO United States until after the Revolutionary war.

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  • DON W
    Lv 7
    8 months ago

    It didn't.  There was an expression at the time, "Not worth a Continental", meaning that something was as worthless as Continental currency.

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  • 8 months ago

    Continentals were backed by anticipated tax revenues from the states but tax collection never happened. The individual states had all of the power. The states did not collect taxes for the war effort so the Continental depreciated quickly and was worthless by the end of the war.

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  • Anonymous
    8 months ago

    Some states issued their own currency. It was a barter system in a lot of the outlying areas.

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  • 8 months ago

    The continental Dollar didn't maintain its value it depreciated during the course of the conflict - the government relied mainly on foreign loans to finance the war

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  • 8 months ago

    What makes you think that they did? Many states had their own currency; most became inflated.

    • shihab8 months agoReport

      Oh i thought US had fledged and thats how

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