mnrtucson
When did the USA change from the British currency to dollars and cents.
What is the history and who made the decision to call the US currency "dollars and cents?
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2 Answers
Jack Large
The was created by the Coinage Act of 1792, which specified the value and denomination of the dollar.
The dollar had a set amount of gold and silver, which was then set against goods available in the economy and goods were bought and sold when compared to the amount of precious metal contained in each coin.
Unfortunately today Obama is rapidly devaluing the Dollar by creating Trillion dollar annual deficits,
| 13 years ago. Rating: 1 | |
Clonge
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