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The origin of dollar
Posted On 07/29/2010 02:23:03 by cdrcdr
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The origin of dollarThe origin of the almighty dollar is in what is now the Czech Republic. In 1519, silver mine near the town of Joachimstal (literally "Joachim's valley," from the German links of london Tal, meaning valley) began minting a silver coin called, unimaginatively, the Joachimstaler. The coin, which was circulated widely, became better known by its clipped form, the taller. In Dutch and Low German, the initial consonant softened to become dealer. English adopted this form, eventually changing its spelling to the modern dollar.In the American colonies, there was no standard currency. The coin that was in widest use was the Spanish Peso, links of london jewellery known also as "Pieces of Eight" because it could be divided into eight pie-like pieces. The English colonists informally assigned the name dollar to this coin. In 1785, when the Continental Congress established U.S. currency, they adopted dollar as name for the standard unit of currency, at the suggestion of Governor Morris and Thomas Jefferson, because the term was widely known and was not associated with any form of official English currency. (Jefferson also coined the term dime, from the links of london sale French Dixie me, for a tenth of a dollar. Pronounced deem, it eventually became dime.)The origin of the $ sign has several folkloric stories attached. One says that Thomas Jefferson invented it, perhaps as a sort of monogram for TS. Jefferson links of london bracelet was the first to use the symbol in relation to the U.S. dollar, but this story is fanciful. Another says that originally it was U superimposed over an S, for U.S. of course. Eventually the base of the U eroded due to poor printing technology, leaving an S with two lines through it. links of london charms Another says that it is a variant of a figure eight that appeared on the Spanish Peso, standing for the pieces of eight. This last is close to the truth, but not quite there.
Tags: Links Of London Jewellerylinks Of London
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