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Before the Civil War,
there were 8,000 different kinds of money in the United
States.
Banks printed their own paper
money. And, unlike today, a $1 bill wasn't always worth
$1. Sometimes people took the bills at face value.
Sometimes they accepted them at a discount (a $1 bill
might only be worth 90 cents, say). Sometimes people
rejected certain bills altogether.
Pictures of early money:
So, WHAT IS MONEY? Study this lesson
for the answer.
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