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4 July, 14:15

What was the problem with paper money when it was first used in the 1700s?

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  1. 4 July, 14:26
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    they could not be exchanged for a fixed amount of gold or silver coins upon demand.
  2. 4 July, 14:32
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    the struggle becomes more confusing when you learn that before the revolution each colony had a distinct currency
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