Category Archives: monetary systems

Why a U.S. Dollar and Not a U.S. Pound?

By Patrick Heller
Most of the first colonists in what is now the United States came from England.  They adopted many English customs and laws which have continued to the present day. But, have you ever wondered why the American money system is based on the decimal system of dollars and cents rather than the on the British pounds, shillings, and pence?
The dollar is derived from the term thaler

Continue reading on Numismatic News