| Show DOLLAR TRACED TO PIECES OF EIGHT Aine american rican currency since the days of 1792 in if the a fifteenth century the counts of in Boli bohemia enila minted large silver coins from metal found in the vivin divinity ity of joachimsthal in that country these coins were known as abbreviated to thaler in the low german this became dalor adaler and to the english dollar before the nineteenth century coins often circulated with little regard for national boundaries some types of coins because of the quality ot of their manufacture came to be especially well known and to be accepted ns as an international standard tile the florin for instance first minted in florence in 1252 was later adopted as an austrian a dutch and an english coin it Is in this same manner that a little valley in the recesses of the bohemian mountains came to give its name to the monetary unit of prussia before the establishment of the empire other countries adopted dollars in their currency and the name was next applied to other coins of and fineness similar to the dollar the famous spanish piece of eight eight reals came to be called callea a dollar and this became tile the most widely circulated of all the early dollars it Is the spanish pieces of eight which gave us our standard coin in tile the days of ue S spanish colonial olon lal empire in america tile the spanish milled dollar circulated as freely in the english colonies as in tile the spanish an and became tile the principal medium of exchange throughout the western hemisphere the rhe united states adopted its dollar currency under tile coinage net of 17 1702 the united states wanted to be independent of great britain even in its currency and it turned to the spanish example rather than the british and n decimal system was decided upon instead of the british calculation of shilling and 1 pence e nee the spanish dollar had been divided into eight but that of the united states was divided into a hundred fractions cent being from latin and french words for hundred |
