The Strange Origins of the US Dollar— Market Mad House

The origins of the US Dollar, the world’s reserve currency and the most successful fiat currency in human history are strange.

To explain, they created the US Dollar as an emergency measure in wartime. Interestingly, you can describe the US Dollar as the most important consequence of the American Civil War.

In 1862, the Union had an enormous problem. The United States government had no means of financing the war or paying the Union Army.

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Daniel G. Jennings

Daniel G. Jennings

Daniel G. Jennings is a writer who lives and works in Colorado. He is a lifelong history buff who is fascinated by stocks, politics, and cryptocurrency.