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Continental currency

大陸紙幣 / continental-currency — Names of money

The North American paper money issued to pay for the War of Independence.

Continental note (one sixth of a dollar) Continental note (one sixth of a dollar)Resolution of 17 February 1776 Fugio cent Fugio cent1787 Greenback (one-dollar United States note) Greenback (one-dollar United States note)1 August 1862 (as printed)
A photograph of the real thing this term names.

⚠ It was issued without a mechanism for collecting taxes, so no backing could be established. When the "power to print paper" is separate from the "power to tax," only the amount of paper increases.