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OverviewFull Product DetailsAuthor: Farley GrubbPublisher: The University of Chicago Press Imprint: University of Chicago Press Dimensions: Width: 15.20cm , Height: 2.80cm , Length: 22.90cm Weight: 0.626kg ISBN: 9780226826035ISBN 10: 0226826031 Pages: 296 Publication Date: 06 July 2023 Audience: Professional and scholarly , Professional & Vocational Format: Hardback Publisher's Status: Active Availability: Out of stock  The supplier is temporarily out of stock of this item. It will be ordered for you on backorder and shipped when it becomes available. Table of ContentsList of Tables List of Figures A Note on Citation Format Preface Introduction Part I What Was the Continental Dollar? The Intended Structural Design Chapter 1 Emitting Continental Dollars Chapter 2 Richard Smith and New Jersey’s Influence Chapter 3 Denominational Spacing and Value Size Chapter 4 Informing the Public Chapter 5 Descriptions by Contemporary Leaders Chapter 6 Congressional Spending Chapter 7 Legal Tender Chapter 8 Loan Office Certificates Part II Value and Performance Chapter 9 Modeling Value Chapter 10 Rational Bond Pricing Chapter 11 The Current Market Exchange Value Chapter 12 Time-Discounting versus Depreciation Chapter 13 1779: The Turning Point Chapter 14 1780–1781: The Road to Abandonment Part III Epilogue Chapter 15 State Redemption of Continental Dollars Chapter 16 The 1790 Funding Act and Final Default on the Continental Dollar Chapter 17 The Constitutional Transformation of the US Monetary System Acknowledgments Appendices Getting the Numbers Right Appendix A Reconciling the Disparate Statements in the Secondary Literature Regarding Continental Dollar Emissions Appendix B The Denominational Structure of American Paper Monies, 1755–1781 Appendix C The Cumulative Value of Continental Dollars Emitted, 1775–1780: Face Value versus Present Value Appendix D The Redemption of Continental Dollars by Individual States over Time Notes References IndexReviewsWell written and convincing, The Continental Dollar proposes a new view of the early American monetary system, representing an impressive scholarly effort that advances our understanding of how money works. -- Christopher M. Meissner, University of California, Davis Bringing together the author's important, and even controversial, work, future generations of financial historians will benefit from this book-yet one need not be a monetary historian to follow The Continental Dollar because it makes this material clear and accessible. -- Jane Knodell, University of Vermont The Continental Dollar provides an innovative, painstakingly thorough study of how the Americans used paper money to finance their War of Independence. While these events happened long ago under very different economic conditions, Grubb demonstrates valuable information about the flexible nature of the boundary between money and government debt and how money and debt influence the economy. All future studies of the financing of the Revolution, and many studies of other macroeconomic events, will lean heavily on this masterful analysis. -- Hugh Rockoff, Rutgers University In this arresting account, Farley Grubb overturns existing interpretations of the Continental dollar. Unmatched in his erudition on early American money, Grubb adds immeasurably to our knowledge about how Americans financed the Revolution and how they redesigned money in its aftermath. This book is a game-changer. -- Christine A. Desan, Harvard University Understanding how and why the continentals circulated and were valued lies at core of the early American experience and how the nation won its independence nearly 250 years ago. Professor Grubb's new treatise and career achievement is an authoritative account of Revolutionary War finance that distills the essence of the continental dollars as money and the rationale for and risks of holding them. A result of in-depth archival research and analysis over many years, the work will be of great interest to historians and others seeking a comprehensive guide to and fresh perspective on this classic tale. -- Peter Rousseau, Vanderbilt University Farley Grubb has performed a massive historical reconstruction of the dollar and its history. In the process, he has overturned myths and misconceptions about the financing of the American Revolution and cast new light on how the fourteen governments of the new republic attempted to finance a war with the world's greatest military power. This is an enormous achievement, one that historians, economic historians, and economists will want on their shelves. -- John Joseph Wallis, University of Maryland """Grubb has written a splendid book that explains a great deal about the financing of the Revolution that we did not know. It will be a cornerstone of future research."" * EH.Net * “Well written and convincing, The Continental Dollar proposes a new view of the early American monetary system, representing an impressive scholarly effort that advances our understanding of how money works.” -- Christopher M. Meissner, University of California, Davis “Bringing together the author’s important, and even controversial, work, future generations of financial historians will benefit from this book—yet one need not be a monetary historian to follow The Continental Dollar because it makes this material clear and accessible.” -- Jane Knodell, University of Vermont ""The Continental Dollar provides an innovative, painstakingly thorough study of how the Americans used paper money to finance their War of Independence. While these events happened long ago under very different economic conditions, Grubb demonstrates valuable information about the flexible nature of the boundary between money and government debt and how money and debt influence the economy. All future studies of the financing of the Revolution, and many studies of other macroeconomic events, will lean heavily on this masterful analysis."" -- Hugh Rockoff, Rutgers University ""In this arresting account, Farley Grubb overturns existing interpretations of the Continental dollar. Unmatched in his erudition on early American money, Grubb adds immeasurably to our knowledge about how Americans financed the Revolution and how they redesigned money in its aftermath. This book is a game-changer."" -- Christine A. Desan, Harvard University ""Understanding how and why the continentals circulated and were valued lies at core of the early American experience and how the nation won its independence nearly 250 years ago. Professor Grubb’s new treatise and career achievement is an authoritative account of Revolutionary War finance that distills the essence of the continental dollars as money and the rationale for and risks of holding them. A result of in-depth archival research and analysis over many years, the work will be of great interest to historians and others seeking a comprehensive guide to and fresh perspective on this classic tale."" -- Peter Rousseau, Vanderbilt University ""Farley Grubb has performed a massive historical reconstruction of the dollar and its history. In the process, he has overturned myths and misconceptions about the financing of the American Revolution and cast new light on how the fourteen governments of the new republic attempted to finance a war with the world's greatest military power. This is an enormous achievement, one that historians, economic historians, and economists will want on their shelves."" -- John Joseph Wallis, University of Maryland" Well written and convincing, The Continental Dollar proposes a new view of the early American monetary system, representing an impressive scholarly effort that advances our understanding of how money works. -- Christopher M. Meissner, University of California, Davis Bringing together the author's important, and even controversial, work, future generations of financial historians will benefit from this book-yet one need not be a monetary historian to follow The Continental Dollar because it makes this material clear and accessible. -- Jane Knodell, University of Vermont The Continental Dollar provides an innovative, painstakingly thorough study of how the Americans used paper money to finance their War of Independence. While these events happened long ago under very different economic conditions, Grubb demonstrates valuable information about the flexible nature of the boundary between money and government debt and how money and debt influence the economy. All future studies of the financing of the Revolution, and many studies of other macroeconomic events, will lean heavily on this masterful analysis. -- Hugh Rockoff, Rutgers University Understanding how and why the continentals circulated and were valued lies at core of the early American experience and how the nation won its independence nearly 250 years ago. Professor Grubb's new treatise and career achievement is an authoritative account of Revolutionary War finance that distills the essence of the continental dollars as money and the rationale for and risks of holding them. A result of in-depth archival research and analysis over many years, the work will be of great interest to historians and others seeking a comprehensive guide to and fresh perspective on this classic tale. -- Peter Rousseau, Vanderbilt University Farley Grubb has performed a massive historical reconstruction of the dollar and its history. In the process, he has overturned myths and misconceptions about the financing of the American Revolution and cast new light on how the fourteen governments of the new republic attempted to finance a war with the world's greatest military power. This is an enormous achievement, one that historians, economic historians, and economists will want on their shelves. -- John Joseph Wallis, University of Maryland Author InformationFarley Grubb is professor of economics at the University of Delaware and a research associate at the National Bureau of Economic Research. Tab Content 6Author Website:Countries AvailableAll regions |
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