The Beginning of Dolla Bill Ya'll
By OceanTiara
@RebeccasFarm (91800)
Arvada, Colorado
February 3, 2025 12:57pm CST
On February 3, 1690, the Massachusetts Bay Colony issued the first paper money in America, known as a "bill of credit." Before this, settlers used silver coins, and in 1652, Massachusetts minted its own coins despite British law. The British government, needing to fund soldiers in Canada without sending coins, introduced paper certificates redeemable for coin value.
The experiment with paper money was successful, spreading throughout the colonies as settlers 'trusted' their government to honor these bills. However, forgery was common, and the value of Massachusetts pounds did not align with British pounds, complicating trade between colonies.
When did your country start using money, do you know?
https://info.mysticstamp.com/this-day-in-history-february-3-1690-2_tdih/?utm_source=tdih-441&utm_medium=TDIH-Email&utm_campaign=This+Day+in+History
17 people like this
14 responses
@allknowing (140378)
• India
4 Feb
Everything has a beginning Some happenings continue as this one.
2 people like this
@allknowing (140378)
• India
4 Feb
@RebeccasFarm For that there is another happening
2 people like this
@RebeccasFarm (91800)
• Arvada, Colorado
4 Feb
I wish it would continue to my hand
1 person likes this
@RebeccasFarm (91800)
• Arvada, Colorado
4 Feb
Yes probably so the English Judy.
The first Australian banknotes were printed between 1913 and 1914. The first note was a 10-shilling note.
Explanation
2 people like this
@RebeccasFarm (91800)
• Arvada, Colorado
5 Feb
@JudyEv Now they were bless them RIP
1 person likes this
@JudyEv (345624)
• Rockingham, Australia
4 Feb
@RebeccasFarm Thanks for that. I was too lazy to research it. That is really quite recently. Mum was born in 1910 and Dad in 1914.
2 people like this
@RebeccasFarm (91800)
• Arvada, Colorado
3 Feb
Yes I was living back then did you know?
2 people like this
@cacay1 (84055)
• Cagayan De Oro, Philippines
5 Feb
@RebeccasFarm yds, interesting .
1 person likes this
@RebeccasFarm (91800)
• Arvada, Colorado
5 Feb
Yes you were not born then surely.
1 person likes this
@Beestring (14885)
• Hong Kong
4 Feb
I think HK started issuing dollar bills in the 1860s.
2 people like this
@RebeccasFarm (91800)
• Arvada, Colorado
4 Feb
Oh really? That is good to know..the paper money.
2 people like this
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@RebeccasFarm (91800)
• Arvada, Colorado
5 Feb
It hasn't been around me for long
1 person likes this
@RasmaSandra (82332)
• Daytona Beach, Florida
3 Feb
That is interesting and a very long time ago,
2 people like this
@RebeccasFarm (91800)
• Arvada, Colorado
4 Feb
Long ago when I was living then Sandra.
2 people like this
@RebeccasFarm (91800)
• Arvada, Colorado
4 Feb
Yes, it is always existing humans being criminals
2 people like this
@RevivedWarrior (3345)
• India
8 Feb
That’s a very interesting historical fact. The introduction of paper money in American colonies and across the world was a definitely a game changer, although it did come with few challenges like forgery. As far as India is concerned, the use of money dates back centuries. We had punch marked coins dated back 6th Century B.C and later gold and silver coins arrived. Paper money was introduced in India round the later 18th century and the British introduced official paper currency in 1861. Fascinating to see how different regions and countries adapted to the concept of money over time.
@lilacskies (1288)
• United States
9h
Fellow American here. Thank you for this interesting information. It's amazing how much history this country holds in regards to every aspect of life, from the dollar bill to just about anything.
1 person likes this
