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What had happened to paper money by the end of the war?
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near the end of the war it became practically worthless
Thank you.
By the end of 1778, Continentals retained from 1/5 to 1/7 of their face value. By 1780, the bills were worth 1/40th of face value. Congress attempted to reform the currency by removing the old bills from circulation and issuing new ones, without success.
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