The Continental Dollar

Farley Grubb is professor of economics at the University of Delaware and a research associate at the National Bureau of Economic Research.

List of Tables
List of Figures
A Note on Citation Format
Preface
Introduction

Part I            What Was the Continental Dollar? The Intended Structural Design
Chapter 1        Emitting Continental Dollars
Chapter 2        Richard Smith and New Jersey’s Influence
Chapter 3        Denominational Spacing and Value Size
Chapter 4        Informing the Public
Chapter 5        Descriptions by Contemporary Leaders
Chapter 6        Congressional Spending
Chapter 7        Legal Tender
Chapter 8        Loan Office Certificates

Part II           Value and Performance
Chapter 9        Modeling Value
Chapter 10      Rational Bond Pricing
Chapter 11      The Current Market Exchange Value
Chapter 12      Time-Discounting versus Depreciation
Chapter 13      1779: The Turning Point
Chapter 14      1780–1781: The Road to Abandonment

Part III         Epilogue
Chapter 15      State Redemption of Continental Dollars
Chapter 16      The 1790 Funding Act and Final Default on the Continental Dollar
Chapter 17      The Constitutional Transformation of the US Monetary System
Acknowledgments
Appendices  Getting the Numbers Right
Appendix A    Reconciling the Disparate Statements in the Secondary Literature Regarding Continental Dollar Emissions
Appendix B     The Denominational Structure of American Paper Monies, 1755–1781
Appendix C     The Cumulative Value of Continental Dollars Emitted, 1775–1780: Face Value versus Present Value
Appendix D    The Redemption of Continental Dollars by Individual States over Time
Notes
References
Index