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Promise to Pay
An incisive account of the crucial role money played in the formation and development of British North America. Promise to Pay follows America’s first paper money—the “bills of credit” of British North America—from its seventeenth-century origins as a means of war finance to its pivotal role in catalyzing the American Revolution. Katie A. Moore combs through treasury records, account books, and the bills themselves to tell a new story of money’s origins that challenges economic orthodoxy and mainstream histories. Promise to Pay shows how colonial governments imposed paper bills on settler communities through existing labor and kinship relations, their value secured by thousands o...
