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A bit is an antiquated term equal to one eighth of a dollar or 12 + 1 ⁄ 2 cents, after the Spanish 8-Real "piece of eight" coin on which the U.S. dollar was initially based. So "two bits" is twenty-five cents; similarly, "four bits" is fifty cents. More rare are "six bits" (75 cents) and "eight bits" meaning a dollar.
The Spanish dollar, natively called Peso, was the main coin of the Spanish Empire, this coin is from 1739. The Joachimsthaler of the 16th century was succeeded by the longer-lived Reichsthaler of the Holy Roman Empire, used from the 16th to 19th centuries. The Netherlands also introduced its own dollars in the 16th century: the Burgundian Cross ...
t. e. The history of the United States dollar began with moves by the Founding Fathers of the United States of America to establish a national currency based on the Spanish silver dollar, which had been in use in the North American colonies of the Kingdom of Great Britain for over 100 years prior to the United States Declaration of Independence.
The Spanish dollar, also known as the piece of eight (Spanish: real de a ocho, dólar, peso duro, peso fuerte or peso), is a silver coin of approximately 38 mm (1.5 in) diameter worth eight Spanish reales. It was minted in the Spanish Empire following a monetary reform in 1497 with content 25.563 g (0.8219 ozt) fine silver.
The peso is the monetary unit of several Spanish-speaking countries in Latin America, as well as the Philippines. Originating in the Spanish Empire, the word peso translates to "weight". In most countries of the Americas, the symbol commonly known as dollar sign, "$", was originally used as an abbreviation of "pesos" and later adopted by the ...
Currency of Spanish America. Charles V Spanish coin from the 1554 shipwreck in the Gulf of Mexico. This article provides an outline of the currency of Spanish America (las Indias, the Indies) from Spanish colonization in the 15th century until Spanish American independencies in the 19th. This great realm was divided into the Viceroyalty of New ...
The United States dollar was established as the world's foremost reserve currency by the Bretton Woods Agreement of 1944. It claimed this status from sterling after the devastation of two world wars and the massive spending of the United Kingdom 's gold reserves. Despite all links to gold being severed in 1971, the dollar continues to be the ...
This is an accepted version of this page This is the latest accepted revision, reviewed on 2 October 2024. Currency of the United States "USD" redirects here. For other uses, see USD (disambiguation). United States dollar Federal Reserve Notes (obverse) ISO 4217 Code USD (numeric: 840) Subunit 0.01 Unit Symbol $, US$, U$ Nickname List Ace, bean, bill, bone, buck, deuce, dough, dub, ducat ...
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