The issue of money, particularly its scarcity, loomed large in colonial America. Under the constraints of British rule, gold and silver served as the official legal tender; however, these precious metals were rarely found circulating within the colonies. Lacking a stable and trusted commodity to function as currency, colonial governments in the eighteenth century turned to paper money, creating a new avenue for economic exchange.
In this enlightening program, you will explore the complex world of currency in colonial America, exploring its value and significance. The presentation will showcase a historical array of images, providing visual context as it unfolds the story of money in this era. It will begin by examining the currency of the United Kingdom, delineating its application in the colonies, and clarifying the notion of “legal money,” including the various “Tenors” that defined its worth. Furthermore, it will delineate the primary mediums that facilitated business transactions and the exchange of goods in the vibrant marketplace of pre-revolutionary America.
About the Speaker: Matthew Mees, a dedicated Living Historian, specializes in the rich tapestry of colonial life during the late 18th century. His expertise spans the transition from British dominance to the nascent years of American independence, offering invaluable insights into this transformative period.
Program Donation: $10 per person
Westford REV 250 Program series is sponsored by Enterprise Bank