11
votes
2answers
170 views

Were US exports in the early 1800s paid for with metal or with paper?

In the early 1800s, when people in the US exported goods to Europe, how were those goods paid for? What did the buyers actually send back on ships crossing the Atlantic to pay for the goods? I can ...
8
votes
3answers
1k views

How much has U.S. currency inflated since 1792?

How much has U.S. currency inflated since the Coinage Act of 1792 established the U.S. Mint? Adjusting for inflation, what amount of modern currency would have the same buying power as a 1792 dollar? ...
5
votes
1answer
174 views

What coin denominations were used in the US before Dollars and Cents?

In Thomas Jefferson's proposal for a decimal currency, he describes the status quo as: The [cent] will differ little from the copper of the four Eastern States, which is 1/108 of a dollar; still ...