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Category: Money

Silver stylized owl with radiant circles around its head, surrounded by a gold frame

“Resolved, That the money unit of the United States of America be one dollar.”

Posted by: Donna Scanlon

On today’s date in 1785 the Continental Congress set the dollar as the official currency of the new United States. Also on this date it was Resolved “That the several pieces shall increase in a decimal ratio.” As a side note Thomas Jefferson wrote on this very topic in “Notes on the establisment[!] of a …