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no they didnt it was the chinesse

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16y ago

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Did the US ever adopt the Spanish dollar as a the basic monetary system?

The US never adopted the Spanish dollar as a monetary system. However, in the early years of the Republic the use of foriegn currency, including the Spanish Dollar, was common and accepted.


How was the dollar adopted as the basic monetary unit?

The dollar was adopted as the basic monetary unit in the United States through the Coinage Act of 1792, which established the U.S. dollar as the country's standard unit of currency. The Act created a decimal system based on the Spanish dollar, which was widely used in trade at the time. The dollar was defined in terms of a specific weight of silver, and its adoption aimed to standardize and stabilize the currency system in the newly formed nation. This decision reflected both practical needs for trade and the influence of existing currencies in circulation.


Did the American adopted the spanish dollar?

Yes, the United States adopted the Spanish dollar as its primary currency during the late 18th century. The Continental Congress authorized the use of the Spanish dollar due to its widespread acceptance and reliability, leading to the establishment of the U.S. dollar in 1792. The U.S. dollar was initially based on the Spanish dollar's value, and the term "dollar" itself is derived from the Spanish "real de a ocho," a coin widely circulated in the Americas.


What has the author Giovanni Magnifico written?

Giovanni Magnifico has written: 'European monetary unification' -- subject(s): Currency question, Euro-dollar market, Monetary policy


What is the monetary exchange from Costa Rican colon to us dollar?

nope i want talk enlese it is a wrestling question


Why did America start using the dollar?

America adopted the dollar as its official currency in 1792 with the Coinage Act, which aimed to create a standardized and stable monetary system. The dollar was chosen due to its alignment with the Spanish dollar, widely used in trade at the time. This decision facilitated commerce, provided a uniform currency for the growing economy, and helped establish the United States' financial independence and credibility. The dollar has since evolved into a symbol of American economic power.


What is the monetary unit for the US?

The dollar


What is the monetary unit of USA?

The US dollar.


What is monetary unit for Bermuda?

The Bermuda Dollar (BMD) is the monetary unit for Bermuda. It is on par with the US Dollar (USD), and both are used and accepted on the island.


What is the Monetary of Canada?

If by "monetary" you mean currency, it is the Canadian Dollar (CAD) which is represented by the symbol $ or C$


Americas monetary involvement in latin America was called?

Dollar diplomacy


What is the monetary unit in Bermuda?

It is the good 'ol Dollar!