Inflation made american paper money in the 1780’s a. desirable c. worthless b. strong

Inflation made american paper money in the 1780's a. desirable c. worthless b. strong d. special

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  1. They were nearly worthless by this time. With the numerous different types of money in circulation at the time and the valuation of this money at some 2.5% (1/40) their face value, the idea of having paper money was almost useless to the early American citizen.

  2. Inflation made American paper money worthless in the 1780's.

    Money was almost worthless at that time because many colonies made their own paper money to serve as a form of exchange.

    Since there were many different types of currency in circulation at that time, and inflation is usually the result of the excessive creation of money, their value decreased almost to the point of being useless. For example, this happened in New England and the southern colonies.

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