During the American Revolution, an attempt was made to make currency as much a weapon of war as guns and canons. In 1775, the US revolutionary movement issued paper currency called Continentals, the purpose of which was to help fund the growing movement. The plan didn’t work out quite as well as the colonists had hoped, since the bills quickly lost their value; however, the precedent for the future of banking and finance in America had been set. Banking is almost as old as the country itself, and banks were seen as an important part of establishing independence. This infographic has more information in the history of banking in the US.
Infographic By: FIS Global
