Massachusetts pound
E98252
The Massachusetts pound was a colonial-era currency used in Massachusetts before the adoption of the U.S. dollar.
Statements (47)
| Predicate | Object |
|---|---|
| instanceOf |
colonial currency
ⓘ
historical currency ⓘ |
| category |
Currencies of the Thirteen Colonies
NERFINISHED
ⓘ
History of Massachusetts NERFINISHED ⓘ |
| country | British America NERFINISHED ⓘ |
| currencyOf |
Massachusetts Bay Colony
NERFINISHED
ⓘ
Province of Massachusetts Bay NERFINISHED ⓘ |
| denomination | pound ⓘ |
| exchangeRateToPoundSterling | varied; generally depreciated relative to pound sterling ⓘ |
| historicalContext |
preceded adoption of the United States dollar
ⓘ
used before and during the American colonial period ⓘ |
| languageOfInscription | English ⓘ |
| legalTender | yes (within Massachusetts jurisdiction) ⓘ |
| medium |
bills of credit
ⓘ
paper money ⓘ silver coin (earlier period) ⓘ |
| monetaryAuthority |
General Court of Massachusetts
NERFINISHED
ⓘ
Massachusetts colonial government NERFINISHED ⓘ |
| monetarySystem | pounds, shillings, and pence system ⓘ |
| notableFeature |
issued as colonial bills of credit
ⓘ
one of the earliest paper currencies in British North America ⓘ |
| reasonForIssue |
to address coin shortages in the colony
ⓘ
to finance colonial government expenditures ⓘ |
| region | New England NERFINISHED ⓘ |
| replacedBy |
Continental currency
ⓘ
Massachusetts dollar NERFINISHED ⓘ US dollar NERFINISHED ⓘ United States dollar NERFINISHED ⓘ |
| replaces | English pound sterling (locally in the colony) ⓘ |
| subjectOf | history of colonial American currency ⓘ |
| subunit |
penny
ⓘ
shilling ⓘ |
| subunitToUnitRatio |
12 pence = 1 shilling
ⓘ
20 shillings = 1 pound ⓘ |
| timeInUseEnd | late 18th century ⓘ |
| timeInUseStart | 17th century ⓘ |
| typeOf | fiat money (in its paper form) ⓘ |
| usedAlongside |
British pound sterling
NERFINISHED
ⓘ
Portuguese gold coins ⓘ Spanish dollar NERFINISHED ⓘ |
| usedBefore | Coinage Act of 1792 NERFINISHED ⓘ |
| usedBy |
Massachusetts colonial government for payments
ⓘ
colonial residents of Massachusetts ⓘ |
| usedInTerritory |
Massachusetts
NERFINISHED
ⓘ
Massachusetts Bay Colony NERFINISHED ⓘ Plymouth Colony NERFINISHED ⓘ Province of Massachusetts Bay NERFINISHED ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.