{"product_id":"the-continental-dollar-how-the-american-revolution-was-financed-with-paper-money-hardcover","title":"The Continental Dollar: How the American Revolution Was Financed with Paper Money - Hardcover","description":"\u003cdiv\u003e\u003cp style=\"text-align: right;\"\u003e\u003ca href=\"https:\/\/reportcopyrightinfringement.com\/\" target=\"_blank\" rel=\"nofollow\"\u003e\u003cb\u003eReport copyright infringement\u003c\/b\u003e\u003c\/a\u003e\u003c\/p\u003e\u003c\/div\u003e\u003cp\u003eby \u003cb\u003eFarley Grubb\u003c\/b\u003e (Author)\u003c\/p\u003e\u003cp\u003e\u003cb\u003eAn illuminating history of America's original credit market.\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003ci\u003eThe Continental Dollar\u003c\/i\u003e is a revelatory history of how the fledgling United States paid for its first war. Farley Grubb upends the common telling of this story, in which the United States printed cross-colony money, called Continentals, to serve as an early fiat currency--a currency that is not tied to a commodity like gold, but rather to a legal authority. As Grubb details, the Continental was not a fiat currency, but a \"zero-coupon bond\"--a wholly different species of money. As bond payoffs were pushed into the future, the money's value declined, killing the Continentals' viability years before the Revolutionary War would officially end. \u003cp\u003e\u003c\/p\u003e Drawing on decades of exhaustive mining of eighteenth-century records, \u003ci\u003eThe Continental Dollar\u003c\/i\u003e is an essential origin story of the early American monetary system, promising to serve as the benchmark for critical work for decades to come.\u003ch3\u003eAuthor Biography\u003c\/h3\u003e\u003cp\u003e\u003cb\u003eFarley Grubb\u003c\/b\u003e is professor of economics at the University of Delaware and a research associate at the National Bureau of Economic Research.\u003c\/p\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003eNumber of Pages:\u003c\/strong\u003e 296\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003eDimensions:\u003c\/strong\u003e 0.6 x 9 x 6.1 IN\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003eIllustrated:\u003c\/strong\u003e Yes\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003ePublication Date:\u003c\/strong\u003e July 06, 2023\u003c\/div\u003e\n            ","brand":"BooksCloud","offers":[{"title":"Default Title","offer_id":48449814724857,"sku":"9780226826035","price":117.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0789\/2782\/3097\/files\/oXMNzWbNGQ9780226826035.webp?v=1779871953","url":"https:\/\/bookscloud.io\/products\/the-continental-dollar-how-the-american-revolution-was-financed-with-paper-money-hardcover","provider":"BooksCloud Book Dropshipping","version":"1.0","type":"link"}