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The colony of Massachusetts issues the first paper money in the Americas.
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Massachusetts Bay Colony
1630–1691 English colony in North America
The Massachusetts Bay Colony (1628–1691), more formally the Colony of Massachusetts Bay, was an English settlement on the east coast of North America around Massachusetts Bay, one of the several colonies later reorganized as the Province of Massachusetts Bay. The lands of the…Source: Wikipedia (CC BY-SA)
Paper money
Form of physical currency made of paper, cotton or polymer
Paper money, often referred to as a note or a bill, is a type of negotiable promissory note that is payable to the bearer on demand, making it a form of currency. The main types of paper money are government notes, which are directly issued by political authorities, and…Source: Wikipedia (CC BY-SA)