29 Mar '14, 2pm

For Bitcoin Lessons In The History Of Failed Currencies

For Bitcoin Lessons In The History Of Failed Currencies

While payment systems tend to evolve, specific currencies have come and gone over the centuries. Take for example the Continental Dollar of early America. Writing by email from Mongolia Jack Weatherford, author of “The History of Money ,” explained that Brits immigrating to the American colonies were not allowed to import British money. After failed attempts to use the Mexican silver dollar — there simply weren’t enough to finance a revolution — they started issuing paper dollars known as Continental Dollars.

Full article: http://www.forbes.com/sites/samanthasharf/2014/03/29/for-...

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