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25-11-2014
History

Answered

Why did the value of the money printed during the revolutionary war plummet ?

Answer :

25-11-2014

During this time the paper money was not backed by anything such as gold or silver. In addition to this the colonies simply printed more money to pay for things which led to an enormous rise in the amount of currency in circulation which led to massive deflation. This massive deflation led the value of currency to plummet during the Revolutionary War.

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