Early American currency#Continental currency

The Continental Dollar was the first own currency of the United States, which in 1776 introduced the Continental Congress to finance the war for independence from the British Empire.

However, there was no confidence in the paper money. Although the Congress of the colonists tried to enforce the paper dollar by threats, so should anyone who refused the acceptance of the notes are treated as public enemy. The growing quantity of money but soon undermined the already fragile confidence in the new currency. And so the implementation of a currency reform was necessary already in 1780, which led practically to expropriation of all the holders of the first dollar paper money.