The Washingtons by Flora Fraser
Author:Flora Fraser
Language: eng
Format: epub
Publisher: Knopf Doubleday Publishing Group
Published: 2015-11-03T05:00:00+00:00
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1 Like everyone else, the American commander-in-chief avoided, when he could, transactions in the Continental dollars issued by Congress. While Virginia currency depreciated alarmingly against the Spanish dollar, the Continental dollar was rapidly becoming all but worthless. In 1777 $115 Continental currency had had a value of a hundred dollars cash. In May 1779, $1,215 Continental currency secured the same sum. A year thence a hundred Spanish dollars would be equivalent to $4,600 in Continental money.
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