Special starting time 7:00pm tonight only!!!
Live Meeting at MaGerks Fort Washington – 582 S. Bethlehem Pike, Fort Washington, PA 19034
We recommend that you get here before 6:30pm to order your food and drinks before the lecture. Bring $1 or $5 cash for our used book raffle and you could win a Revolutionary War book!! Program begins around 7:00pm, Lecture around 7:00pm.
The Continental Dollar is a revelatory history of how the fledgling United States paid for its first war. The common telling of this story, in which the United States printed cross-colony money, called Continentals, to serve as an early fiat currency—a currency that is not tied to a commodity like gold, but rather to a legal authority. The Continental was not a fiat currency, but a “zero-coupon bond”—a wholly different species of money. As bond payoffs were pushed into the future, the money’s value declined, killing the Continentals’ viability years before the Revolutionary War would officially end.
Drawing on decades of exhaustive mining of eighteenth-century records, The Continental Dollar is an essential origin story of the early American monetary system, promising to serve as the benchmark for critical work for decades to come.
Book Purchase: To purchase this book please click on this link: https://www.amazon.com/dp/0226826031
Farley Grubb is professor of economics at the University of Delaware and a research associate at the National Bureau of Economic Research. He earned his B.A. in economics, history, and philosophy, University of Washington, Dec. 1977, He followed that with his M.A. in economics, University of Chicago, Mar. 1981. He earned his Ph.D. in economics, University of Chicago, Dec. 1984.