Currencies of the Thirteen Colonies
E443125
Currencies of the Thirteen Colonies were the diverse forms of money—often locally issued pounds, shillings, pence, and paper notes—used in Britain’s North American colonies before the adoption of the U.S. dollar.
Statements (49)
| Predicate | Object |
|---|---|
| instanceOf |
colonial currency
ⓘ
historical monetary system ⓘ |
| affectedBy |
Currency Act of 1751
NERFINISHED
ⓘ
Currency Act of 1764 NERFINISHED ⓘ |
| characterizedBy |
frequent depreciation of paper notes
ⓘ
lack of uniform standard across colonies ⓘ local issuance by colonial governments ⓘ shortage of specie ⓘ |
| denominatedIn |
pence
ⓘ
pounds ⓘ shillings ⓘ |
| hadGoal | facilitating trade in the absence of sufficient British coin ⓘ |
| hadProblem |
counterfeiting
ⓘ
discounts on paper relative to specie ⓘ multiple exchange rates with British sterling ⓘ |
| historicalContext | pre-Revolutionary American economy ⓘ |
| included |
Dutch coins
ⓘ
French coins ⓘ Portuguese gold coins ⓘ Spanish dollar NERFINISHED ⓘ bills of credit ⓘ colonial paper money ⓘ foreign coins ⓘ specie ⓘ |
| includedCurrencyOf |
Colony of Rhode Island and Providence Plantations
NERFINISHED
ⓘ
Connecticut Colony NERFINISHED ⓘ Delaware Colony NERFINISHED ⓘ Massachusetts Bay Colony NERFINISHED ⓘ Province of Georgia NERFINISHED ⓘ Province of Maryland NERFINISHED ⓘ Province of New Hampshire NERFINISHED ⓘ Province of New Jersey NERFINISHED ⓘ Province of New York NERFINISHED ⓘ Province of North Carolina NERFINISHED ⓘ Province of Pennsylvania NERFINISHED ⓘ Province of South Carolina NERFINISHED ⓘ Virginia Colony NERFINISHED ⓘ |
| regulatedBy | British Parliament NERFINISHED ⓘ |
| replacedBy |
Continental currency
NERFINISHED
ⓘ
United States dollar NERFINISHED ⓘ |
| usedBefore | United States dollar NERFINISHED ⓘ |
| usedDuring |
17th century
ⓘ
18th century ⓘ colonial period of British North America ⓘ |
| usedFor |
everyday commerce
ⓘ
payment of taxes ⓘ settlement of debts ⓘ |
| usedIn | Thirteen Colonies NERFINISHED ⓘ |
| variedBy | colony ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.