This informative multi-page article
details the devaluation of our nation's currency during the
Revolutionary war (1776). It was written
almost a century after the Revolutionary war (in 1863) when the United
States was again facing another war crises, the Civil War.
The author attempts to make readers
aware of: what happened to continental paper money during the
Revolutionary War, the paper money devaluation and inflation, and the
disappearance of hard money (gold and silver). By reviewing the
historical facts of how continental currency became worthless, the
reader can come to the same conclusion: "caution should be used when
printing (un-backed) paper money".
Page 3 of the article shows how much (unbacked) paper money was
produced during the Revolutionary War years and page 5 shows the
inflation/devaluation rate.