BACANA MAGAZINE hotel occidental punta cana
BACANA MAGAZINE hotel occidental punta cana
BACANA MAGAZINE hotel occidental punta cana
BACANA MAGAZINE hotel occidental punta cana
The world dollar comes from the czech Word “THALER”

The world dollar comes from the czech Word “THALER”

fter the Independence War, in 1775, the continental coin is introduce with the aim of unifying the transactions and gave everyone the right of being able to change for Spanish dollars (8 reals) as the Spanish money was worldwide recognized. Benjamin Franklin himself, understands immediately the importance of paper money, and its use is spread through his writings. However, this money does not last long enough because there is
not enough financial support and bills could be easily falsified. The painful experience of the fugitives, inflation and the collapse of continental delegates drives the Philadelphia Convention to include the gold and silver clause into the United States Constitution.

With the creation of the first Congress it is instituted also the first National Bank in Philadelphia, the Bank of North America, to help government finances. The dollar was the coin of choice to become the US currency in 1785. The word “dollar” comes from the word "Thaler" which was the name of some coins minted in 1519 from the town of Joachimsthal in Bohemia, today within the borders of the Czech Republic, known for its silver mines. The English version of the name (dollar) was also applied to similar coins, minted not only in Central Europe, but also the Spanish Peso and the Portuguese piece of eight reals. These currencies, particularly the Peso or Spanish dollar, widely circulated in the British colonies in North America because of the lack of official British coins. After the independence of the United States, the new nation chose the dollar as its official
currency name, instead of keeping the British pound. There are several versions about the origin of the symbol. Dollar symbol’s similarity with the sesterce might suggest a Roman origin but most evidence points to a Hispanic origin. The most widely theory accepted is that the result of the evolution of the Spanish abbreviation of pesos, piastre or pieces of eight. Nowadays, it is accepted that it comes from the initials of the United States. If we put the letter "U" over "S" and remove the bottom of the U, we ended up having a S with two vertical lines.

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