Question

3. One problem that the U.S. faced when rebelling against the British was currency. While under

British control, colonists mainly used British paper money and foreign coins. But after forming a
new nation, the Americans needed their own currency. They created Continental currency.
Congress issued over 240 million Continental Dollars during the Revolution. Unfortunately,
these dollars soon dropped in value. This gave rise to the popular expression, "not worth a
Continental." By the end of 1778, Continentals were worth 1/5th of their face value. By 1780,
they were worth 1/40th. In the 1790s, the U.S. bought back Continentals for 1% of their printed
value. One reason for this decline was economic warfare. During the war the British hired artists
to counterfeit Continental Dollars. Then they funneled large amounts of these counterfeit notes
into the American economy. The value of the Continental Dollar crashed. When people complain
about today's inflation rates, I tell them about Continentals. VouT
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Summarize this paragraph in one sentence. Be specific and clearly explain the main idea.
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Answer 1

The U.S. faced currency issues during the Revolutionary War with the creation of Continental currency, which rapidly declined in value due to factors like excessive printing and counterfeiting by the British.

Step-by-step explanation:

The American colonies faced currency issues during their rebellion against the British, as they primarily used British paper money and foreign coins. After forming a new nation, the Americans created their own currency called Continental currency.

However, due to factors such as excessive printing, counterfeiting, and economic warfare by the British, the value of Continental dollars rapidly declined. This caused inflation and depreciation of the currency, leading to the expression 'not worth a Continental.'