Chapter 3 Denominational Spacing and Value Size

Kapitel in diesem Buch

1. Frontmatter i
2. Contents v
3. List of Tables vii
4. List of Figures ix
5. A Note on Citation Format xi
6. Preface xiii
7. Introduction 1
8. Part I What Was the Continental Dollar? The Intended Structural Design
9. Chapter 1 Emitting Continental Dollars 15
10. Chapter 2 Richard Smith and New Jersey’s Influence 24
11. Chapter 3 Denominational Spacing and Value Size 29
12. Chapter 4 Informing the Public 45
13. Chapter 5 Descriptions by Contemporary Leaders 49
14. Chapter 6 Congressional Spending 57
15. Chapter 7 Legal Tender 74
16. Chapter 8 Loan Office Certificates 86
17. Part II Value and Performance
18. Chapter 9 Modeling Value 105
19. Chapter 10 Rational Bond Pricing 114
20. Chapter 11 The Current Market Exchange Value 136
21. Chapter 12 Time-Discounting versus Depreciation 150
22. Chapter 13 1779: The Turning Point 160
23. Chapter 14 1780–1781: The Road to Abandonment 172
24. Part III Epilogue
25. Chapter 15 State Redemption of Continental Dollars 197
26. Chapter 16 The 1790 Funding Act and Final Default on the Continental Dollar 208
27. Chapter 17 The Constitutional Transformation of the US Monetary System 224
28. Acknowledgments 239
29. Appendices: Getting the Numbers Right 241
30. Appendix A. Reconciling the Disparate Statements in the Secondary Literature Regarding Continental Dollar Emissions 243
31. Appendix B. The Denominational Structure of American Paper Monies, 1755–1781 265
32. Appendix C. The Cumulative Value of Continental Dollars Emitted, 1775–1780: Face Value versus Present Value 277
33. Appendix D. The Redemption of Continental Dollars by Individual States over Time 285
34. Notes 295
35. References 315
36. Index 325