coins to support his assertions. According to the historian, these now “infamous” coins were an attempt “to fund the American Revolutionary War by printing money” that ultimately failed.
As Farley Grubb [a professor in economics and history] has pointed out, Continentals were basically zero-coupon bonds issued in small denominations. However, the plan collapsed when Congress changed the original terms of repayment, rendering the notes valueless.which were in fact “a grouping of Civil War-era paper money-related emissions of the U.S. Treasury.”
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