Episode 609

I Need A Dollar

The dollar emerged as the official currency of the United States at a meeting of the Continental Congress on 8th August, 1786. During the American Revolution, various international coins had remained in circulation - alongside commodities like tobacco and cod. The transition to paper money faced challenges due to counterfeiting concerns, which persisted until the Civil War. The green colour was chosen to prevent easy replication using black and white photography. The value of the dollar was linked to gold until as recently as 1971. In this episode, Arion, Rebecca and Olly applaud Benjamin Franklin’s far-sighted interest in creating a new currency; marvel at the extraordinary success the dollar has achieved as the world’s reserve; and reveal the country’s first experiments with a decimal system: Nova Constellatio coins… Further Reading:• ‘History of U.S. Currency’ (U.S. Currency Education Program): <a href="https://www.uscurrency.gov/history" rel="noopener noreferrer" target="_blank">https://www.uscurrency.gov/history</a>• ‘Why Is the U.S. Dollar the World's Currency?’ (HowStuffWorks): <a href="https://money.howstuffworks.com/us-dollar-worlds-currency.htm" rel="noopener noreferrer" target="_blank">https://money.howstuffworks.com/us-dollar-worlds-currency.htm</a>• ‘The Continental Dollar: How the American Revolution Was Financed with Paper Money’ (US National Archives, 2023): <a href="https://www.youtube.com/watch?v=05mhUlofB_8" rel="noopener noreferrer" target="_blank">https://www.youtube.com/watch?v=05mhUlofB_8</a> #Economics #US #Empire #1700s Love the show? Join&nbsp;🌴CLUB RETROSPECTORS&nbsp;🌴 to DITCH THE ADS and get an additional full-length episode every SUNDAY!Plus, get weekly bonus bits, unlock over 70 bits of extra content and support our independent podcast.Join now via&nbsp;<a href="https://url6.mailanyone.net/scanner?m=1pT2Lf-0009qi-5n&d=4%7Cmail%2F90%2F1676646000%2F1pT2Lf-0009qi-5n%7Cin6f%7C57e1b682%7C10917358%7C13772167%7C63EF986FDB77B8781C00E7AE89BE8ABC&o=%2Fphtp%3A%2Fats3.plCo%2FxecXQWW&s=1-saMneAG6Jlxwm-HSpmcJnDbt8" rel="noopener noreferrer" target="_blank">Apple Podcasts</a>&nbsp;or&nbsp;<a href="https://url6.mailanyone.net/scanner?m=1pT2Lf-0009qi-5n&d=4%7Cmail%2F90%2F1676646000%2F1pT2Lf-0009qi-5n%7Cin6f%7C57e1b682%7C10917358%7C13772167%7C63EF986FDB77B8781C00E7AE89BE8ABC&o=%2Fphta%3A%2Fptsootr%2F.cmenerRetspctosro&s=tfEv-TbMNzGzaXbO1_4ITwuG0Jc" rel="noopener noreferrer" target="_blank">Patreon</a>.&nbsp;Thanks!&nbsp;We'll be back tomorrow! Follow us wherever you get your podcasts:<a href="https://url6.mailanyone.net/scanner?m=1pT2Lf-0009qi-5n&d=4%7Cmail%2F90%2F1676646000%2F1pT2Lf-0009qi-5n%7Cin6f%7C57e1b682%7C10917358%7C13772167%7C63EF986FDB77B8781C00E7AE89BE8ABC&o=%2Fphtr%3A%2Fctsaeeatacst.im.coepso%2Ff%2Fde4a19sc-0a14214-9-a6ad004-e3d4bfbaef2ld%2Fpwolooftm.coRero%2Fsrotceps&s=g7hb_-H27bz-WIWjb7rKPnPDai8" rel="noopener noreferrer" target="_blank">&nbsp;</a><a href="https://url6.mailanyone.net/scanner?m=1pT2Lf-0009qi-5n&d=4%7Cmail%2F90%2F1676646000%2F1pT2Lf-0009qi-5n%7Cin6f%7C57e1b682%7C10917358%7C13772167%7C63EF986FDB77B8781C00E7AE89BE8ABC&o=pphtd%2F%2Fot%3Aclfomw.olopt%2FRcoseersrot&s=9p-CJByv4bA_k4hXBMAXG1F_oXk" rel="noopener noreferrer" target="_blank">podfollow.com/Retrospectors</a>&nbsp;The Retrospectors are Olly Mann, Rebecca Messina & Arion McNicoll, with Matt Hill.Theme Music: Pass The Peas. Announcer: Bob Ravelli. Graphic Design: Terry Saunders. Edit Producer: Sophie King.Copyright: Rethink Audio / Olly Mann 2023. <hr> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.

Today In History with The Retrospectors

August 8, 202310m 58s

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Show Notes

The dollar emerged as the official currency of the United States at a meeting of the Continental Congress on 8th August, 1786. During the American Revolution, various international coins had remained in circulation - alongside commodities like tobacco and cod.

The transition to paper money faced challenges due to counterfeiting concerns, which persisted until the Civil War. The green colour was chosen to prevent easy replication using black and white photography. The value of the dollar was linked to gold until as recently as 1971.

In this episode, Arion, Rebecca and Olly applaud Benjamin Franklin’s far-sighted interest in creating a new currency; marvel at the extraordinary success the dollar has achieved as the world’s reserve; and reveal the country’s first experiments with a decimal system: Nova Constellatio coins…

Further Reading:

• ‘History of U.S. Currency’ (U.S. Currency Education Program): https://www.uscurrency.gov/history

• ‘Why Is the U.S. Dollar the World's Currency?’ (HowStuffWorks): https://money.howstuffworks.com/us-dollar-worlds-currency.htm

• ‘The Continental Dollar: How the American Revolution Was Financed with Paper Money’ (US National Archives, 2023): https://www.youtube.com/watch?v=05mhUlofB_8

#Economics #US #Empire #1700s

Love the show? Join 🌴CLUB RETROSPECTORS 🌴 to DITCH THE ADS and get an additional full-length episode every SUNDAY!

Plus, get weekly bonus bits, unlock over 70 bits of extra content and support our independent podcast.

Join now via Apple Podcasts or Patreon. Thanks!

We'll be back tomorrow! Follow us wherever you get your podcasts: podfollow.com/Retrospectors

The Retrospectors are Olly Mann, Rebecca Messina & Arion McNicoll, with Matt Hill.

Theme Music: Pass The Peas. Announcer: Bob Ravelli. Graphic Design: Terry Saunders. Edit Producer: Sophie King.

Hosted on Acast. See acast.com/privacy for more information.

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