The pound was the currency of North Carolina until 1793. Initially, the British pound circulated, supplemented from 1709 by local paper money. Although these notes were denominated in pounds, shillings and pence, they were worth less than sterling, with 1 North Carolina shilling = 9 pence sterling. The first issue of paper money was known as "Old Tenor" money. In 1748, "New Tenor" paper money was introduced, worth 7½ times the Old Tenor notes.
The State of North Carolina issued Continental currency denominated in £sd and Spanish dollars, with 1 dollar = 8 shillings (the York rating). The continental currency was replaced by the U.S. dollar at a rate of 1000 continental dollars = 1 U.S. dollar.
|
| This North Carolina-related article is a stub. You can help Wikipedia by expanding it. |
Famous quotes containing the words north, carolina and/or pound:
“I know no East or West, North or South, when it comes to my class fighting the battle for justice. If it is my fortune to live to see the industrial chain broken from every workingmans child in America, and if then there is one black child in Africa in bondage, there shall I go.”
—Mother Jones (18301930)
“I hear ... foreigners, who would boycott an employer if he hired a colored workman, complain of wrong and oppression, of low wages and long hours, clamoring for eight-hour systems ... ah, come with me, I feel like saying, I can show you workingmens wrong and workingmens toil which, could it speak, would send up a wail that might be heard from the Potomac to the Rio Grande; and should it unite and act, would shake this country from Carolina to California.”
—Anna Julia Cooper (18591964)
“A heroic figure ... not wholly to blame for the religion thats been foisted on him.”
—Ezra Pound (18851972)