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NewsWhore
04-02-2012, 11:30 AM
The Birth of US Fiat Currency (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNGJk1E7MU8Z7FBSvJUxLnnqYAN8eg&url=http://www.bloomberg.com/news/2012-04-02/the-birth-of-u-s-fiat-currency.html)
Bloomberg
At the start of the Civil War, the US didn't have a national paper currency. Instead, the money supply consisted of US coins and a collection of paper notes issued by private banks. Technically, the federal government began issuing its own paper ...

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