A Compilation of the Messages And Papers of the Presidents volume 19
A Compilation of the Messages And Papers of the Presidents volume 19
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In our eReader you can find the full English version of the book. Read A Compilation of the Messages And Papers of the Presidents volume 19 Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book A Compilation of the Messages And Papers of the Presidents volume 19
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3, 1786 (new officers being chosen at the commencement of this session) : Nov. 6, 1786, to Oct. 30, 1787 (new officers again elected at beginning of session) ; Nov. 5, 1787. To final adjournment. It is a fact worthy of record that as the old Congress died, so the new was born, in the City of New York.
Continental Money. On the authority of the Second Continental Congress an issue of paper money was begun in 1775 and continued till 1779. This "money" was in the nature of bills of credit and its ...value necessarily fluctuated with the fortunes of the Government which promised redemp- tion. About $242, 000. 000 were put forth. At first the bills circulated on a par with gold, but later greatly depreciated. In 2 years they had bec6me depressed to lialf the value of gold. In 1779 they were re- duced to one-twentieth of their face value and afterward to one-fortieth. Congress then ordered the notes brought up at their market value, replacing them by a new is- sue at the rate of 20 to 1, to bear Interest at 5 per cent.
What to read after A Compilation of the Messages And Papers of the Presidents volume 19?
You can find similar books in the "Read Also" column, or choose other free books by United States. President to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
3, 1786 (new officers being chosen at the commencement of this session) : Nov. 6, 1786, to Oct. 30, 1787 (new officers again elected at beginning of session) ; Nov. 5, 1787. To final adjournment. It is a fact worthy of record that as the old Congress died, so the new was born, in the City of New York.
Continental Money. On the authority of the Second Continental Congress an issue of paper money was begun in 1775 and continued till 1779. This "money" was in the nature of bills of credit and its ...value necessarily fluctuated with the fortunes of the Government which promised redemp- tion. About $242, 000. 000 were put forth. At first the bills circulated on a par with gold, but later greatly depreciated. In 2 years they had bec6me depressed to lialf the value of gold. In 1779 they were re- duced to one-twentieth of their face value and afterward to one-fortieth. Congress then ordered the notes brought up at their market value, replacing them by a new is- sue at the rate of 20 to 1, to bear Interest at 5 per cent.
What to read after A Compilation of the Messages And Papers of the Presidents volume 19?
You can find similar books in the "Read Also" column, or choose other free books by United States. President to read onlineMoreLess
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