Question

Which best describes the system of money in america between 1776 and 1789?

Answer 1

The system of money in America between 1776 and 1789 was a hodgepodge. It consisted of British, French, Continental, and Spanish currencies, and base metals or gold and silver. After Spain entered the war on the side of the United States, the standard currency became the Spanish dollar. Still, other currencies were accepted. After the war ended, The United States went on a gold standard and the government stopped issuing paper currency, but individual banks issued paper currency.