Making Money–February 17, 1776

Back in June, Mike told you about the Continental Congress taking a stab at issuing common currency that could be used throughout the Colonies. It didn’t work out very well, and the Continentals became a joke because there was nothing backing them up. But this time around, they may have gotten it right, because the new Continental Currency had some specific backing to it. (We don’t even have that today, thanks to Richard Nixon.) Look carefully at the bill in the cover art and you’ll see that it tore in two at some point. It wasn’t clear whether a half-bill would be accepted by any merchants, so people came up with all kinds of clever ways to reunite the two halves; in this case it was a needle and thread. Many bills that have survived to this day used this method to repair them. The post Making Money–February 17, 1776 appeared first on 250 and Counting.