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Dinesh

Dinesh club

Posted: 13 Apr 2022

Taken: 08 Apr 2022

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The History of Money •
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Dollars

Dollars
www.etymonline.com/word/dollar

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 Dinesh
Dinesh club
The name dollars penetrated the English Language via Scotland. Between 1567 and 1571, King James VI issued a thirty-shilling piece that the Scots called the sword dollar because of the design on the back of it. A two-merk coin followed in 1578 and was called the thistle dollar. The Scots used the name dollar to distinguish their currency, and thereby their country and themselves, more clearly from their domineering English neighbors to the south. Thus, from very early usage the word dollar carried with it a certain anti-English or antiauthoritarian bias that many Scottish settlers took with them to their new homes in the Americas and other British colonies. The emigration of Scots accounts for much of the subsequent popularity of the word dollar in British colonies around the world. ~ Page 116

As early as 1690, the Massachusetts Bay Colony printed the first paper money in North America. Colonists later printed various types of money geared for local use over short periods of time, but one man was largely responsible for creating paper money in much greater amounts for use in three of the colonies on a nearly permanent basis. Benjamin Franklin holds the honor of being the father of paper money. In honor of his role in this creation, the hundred-dollar bill -- the highest denomination currently used by the United States for general circulation -- bears an engraved portrait of Benjamin Franklin. ~ Page 132
2 years ago. Edited 2 years ago.
 Dinesh
Dinesh club
The History of Money
2 years ago.

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