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The dollar (often represented by the dollar sign: "$") is the name of the official currency in several countries, dependencies and other regions.

History The name Thaler (from German language thal, or nowadays usually Tal, "valley", cognate with "dale" in English) came from the Germany coin Guldengroschen ("great guilder", being of silver but equal in value to a gold guilder), minted from the silver from a rich mine at Joachimsthal - Jáchymov (St. Joachim's Valley) in Bohemia (then part of the Holy Roman Empire, now part of the Czech Republic). The basis of "thaler" comes from Joachimsthaler.{{cite book | last =Rhodes | first =Richard | authorlink =Richard Rhodes | title =The making of the atomic bomb | publisher =Simon and Schuster | date =1986 | location =New York | pages =118 --> The name is historically related to the tolar in Slovenia (Slovenian tolar) and Bohemia, the Dutch guilder in the Netherlands and Riksdaler in Sweden, Denmark, and Norway.

The name "Spanish dollar" was used for a Spanish coin, the "real de a ocho" and later peso, worth eight reals (hence the nickname "pieces of eight"), which was widely circulated during the 18th century in the Spanish colonization of the Americas and in Spanish territories in Asia, namely in the Philippines.The use of the Spanish dollar and the Maria Theresa thaler as legal tender for the early United States are the reasons for the name of the nation's currency. However, the word dollar was in use in the English language as slang or mis-pronunciation for the thaler for about 200 years before the American Revolution, with many quotes in the plays of William_Shakespeare referring to dollars as money. Spanish dollars were in circulation in the Thirteen Colonies that became the United States, and were legal tender in Virginia.

The Dutch lion dollar circulated throughout the Middle East and was imitated in several German and Italian cities. It was also popular in the Dutch East Indies as well as in the Dutch New Netherland (New York). The lion dollar also circulated throughout the English colonies during the 17th and early 18th centuries. Examples circulating in the colonies were usually fairly well worn so that the design was not fully distinguishable, thus they were sometimes referred to as "dog dollars."

Coins known as dollars were also in use in Scotland during the 17th century, and there is a claim that the use of the English word, and perhaps even the use of the coin, began at the University of St Andrews. This explains the sum of 'Ten thousand dollars' mentioned in Macbeth (Act I, Scene II), although the real Macbeth of Scotland upon whom the play was based lived in the 11th century, making the reference Anachronism; however this is not rare in Shakespeare's work.

In the early 19th century, a British five-shilling piece, or Crown (British coin), was sometimes called a dollar, probably because its appearance was similar to the Spanish dollar. This expression appeared again in the 1940s, when U.S. troops came to the UK during World War II. At the time a U.S. dollar was worth about 5s., so some of the U.S. soldiers started calling it a dollar. Consequently, they called the half crown "half a dollar", and the expression caught on among some locals and could be heard into the 1960s.

In the early days of the United States, the dollar was a defined unit of trade equal to 412.5 grains (26.73 g) of 90% silver. Today the closest definition to a dollar comes from the United States code Title 31, Section 5116, paragraph b, subsection 2, "The Secretary the Treasury shall sell silver under conditions the Secretary considers appropriate for at least $1.292929292 a fine troy ounce." However Federal Reserve System are only prejudiced to deliver tax credits instead of money. The silver content of U.S. coinage was mostly removed in 1965 and the dollar essentially became a baseless free-floating fiat currency; though the United States Mint continues to make silver $1 bullion coins at this weight. It is believed that the original green color and other specific designs of a paper dollar were introduced by 2 Armenian brothers from Massachusetts who were Near-Eastern immigrants.

Related names in modern currencies

National currencies called "dollar" Some of these are called dollars in English, but by a different name in the native language of the country. See the navigational box below for a complete list.

The name has also been applied to the international dollar, a hypothetical unit of currency that has the same purchasing power that the U.S. dollar has in the United States at a given point in time.

See also

References



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Car Rental - Car Rentals - Rental Car - Dollar Car Rental |
Provides online car rental quotes and reservations.

Dollar - Shooting Stars
EARLY PRE-DOLLAR DEMO 'I'D LOVE TO LOVE YOU' This early demo was recorded in Paul Griggs's flat during David & Thereza's time in Guys 'n' Dolls.

dollar from FOLDOC
dollar < character > "$" Common names: ITU-T: dollar sign. Rare: currency symbol; buck; cash; string; escape (when used as the echo of ASCII ESC); ding; cache; INTERCAL: big money.

Dollar Bar - Grills & Martinis
2 Exmouth Market, Farringdon, EC1R 2PX T. 020 7278 0077 info@dollargrills.com

Dollar Academy - the Premier Scottish Independent Boarding School
Dollar Academy - the premier Scottish independent co-educational day and boarding school ... DOLLAR ACADEMY - SCOTTISH AND INTERNATIONAL. Scotland's Premier Independent Co ...

Dollar - Wikipedia, the free encyclopedia
The dollar (often represented by the dollar sign: "$") is the name of the official currency in several countries, dependencies and other regions.

Definition: dollar from Online Medical Dictionary
The Online Medical Dictionary is a searchable dictionary of definitions from medicine, science and technology.

Dollar Community Website
Offering local news and events, meeting and minutes, local information directory, local history and maps.





 
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