The states thought this was a great way to manufacture money so they issued vast quantities of their own paper currency. It was understood that the money would be redeemed in gold or silver by the states after the war. One was the inadequate system of constitutional government, and the other was unsound money.Ĭongress issued about $240 million in “Continentals”–referring to money of the Continental Congress. During the Revolutionary War, two things almost led to the defeat of the struggle for American independence.
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