{"product_id":"the-continental-dollar-9780226826035","title":"The Continental Dollar","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003e\"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 *\u003cbr\u003e\"Grubb’s analysis brings together new evidence on the amount and timing of Continental emissions and an insightful theoretical model of what determined their value. . . .This masterful work brings together decades of research and explains its insights in a clear, convincing manner.\" * Choice *\u003cbr\u003e\"Economists and historians have been telling us the wrong story about Continental currency for two centuries. . .Farley Grubb [sets] the record straight on Continental currency. . .an interesting and valuable contribution to our understanding the Revolutionary War.\" * Journal of the American Revolution *\u003cbr\u003e“Well written and convincing, \u003ci\u003eThe Continental Dollar\u003c\/i\u003e 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\u003cbr\u003e“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 \u003ci\u003eThe Continental Dollar \u003c\/i\u003ebecause it makes this material clear and accessible.” -- Jane Knodell, University of Vermont\u003cbr\u003e\"\u003ci\u003eThe Continental Dollar\u003c\/i\u003e 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\u003cbr\u003e\"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\u003cbr\u003e\"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\u003cbr\u003e\"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\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003eList of Tables\u003cbr\u003e List of Figures\u003cbr\u003e A Note on Citation Format\u003cbr\u003e Preface\u003cbr\u003e Introduction\u003cbr\u003e\u003cbr\u003e Part I            What Was the Continental Dollar? The Intended Structural Design\u003cbr\u003e Chapter 1        Emitting Continental Dollars\u003cbr\u003e Chapter 2        Richard Smith and New Jersey’s Influence\u003cbr\u003e Chapter 3        Denominational Spacing and Value Size\u003cbr\u003e Chapter 4        Informing the Public\u003cbr\u003e Chapter 5        Descriptions by Contemporary Leaders\u003cbr\u003e Chapter 6        Congressional Spending\u003cbr\u003e Chapter 7        Legal Tender\u003cbr\u003e Chapter 8        Loan Office Certificates\u003cbr\u003e\u003cbr\u003e Part II           Value and Performance\u003cbr\u003e Chapter 9        Modeling Value\u003cbr\u003e Chapter 10      Rational Bond Pricing\u003cbr\u003e Chapter 11      The Current Market Exchange Value\u003cbr\u003e Chapter 12      Time-Discounting versus Depreciation\u003cbr\u003e Chapter 13      1779: The Turning Point\u003cbr\u003e Chapter 14      1780–1781: The Road to Abandonment\u003cbr\u003e\u003cbr\u003e Part III         Epilogue\u003cbr\u003e Chapter 15      State Redemption of Continental Dollars\u003cbr\u003e Chapter 16      The 1790 Funding Act and Final Default on the Continental Dollar\u003cbr\u003e Chapter 17      The Constitutional Transformation of the US Monetary System\u003cbr\u003e Acknowledgments\u003cbr\u003e Appendices  Getting the Numbers Right\u003cbr\u003e Appendix A    Reconciling the Disparate Statements in the Secondary Literature Regarding Continental Dollar Emissions\u003cbr\u003e Appendix B     The Denominational Structure of American Paper Monies, 1755–1781\u003cbr\u003e Appendix C     The Cumulative Value of Continental Dollars Emitted, 1775–1780: Face Value versus Present Value\u003cbr\u003e Appendix D    The Redemption of Continental Dollars by Individual States over Time\u003cbr\u003e Notes\u003cbr\u003e References\u003cbr\u003e Index","brand":"The University of Chicago Press","offers":[{"title":"Default Title","offer_id":49400133878103,"sku":"9780226826035","price":49.4,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780226826035.jpg?v=1730469839","url":"https:\/\/bookcurl.com\/products\/the-continental-dollar-9780226826035","provider":"Book Curl","version":"1.0","type":"link"}