how was the United States was able to maintain the value of their currency, the Continental, throughout the Revolutionary War?
- AthenaLv 78 months ago
It didn't as there was NO United States until after the Revolutionary war.
- DON WLv 78 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.
- staisilLv 78 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.
- Anonymous8 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
- The TaxpayerLv 78 months ago
What makes you think that they did? Many states had their own currency; most became inflated.