The role of gold and silver in the English colonies on the North American continent in the 17th-18th centuries

the article is devoted to the development of the monetary system of the North American colonies of the British Empire, which subsequently gained independence and became the United States of America at the end of the 18th century. Particular attention is paid to the trade in the English colonies of such common instruments of purchase and sale at that time as gold and silver, imported from the economically developed countries of Western Europe. This work describes in detail the stages of the development of the policy of bimetallism in the English colonies, and after the independence of the English colonies – in the United States of America: from the discovery of America by H. Columbus to the independence of the English colonies and the creation of the United States of America. The most important role of the federal government in the creation of financial institutions during the War of Independence is shown. The foreign policy during the formation of the new state of the United States of America with the most economically developed countries of Western Europe is traced. Discussions of projects on the approval and circulation of various currency options in the newly independent state are described. The similarities and differences in the monetary systems of Great Britain and the United States of America are analyzed. The role of the first Secretary of the Treasury of the United States of America, Alexander Hamilton, in the creation and transformation of the financial system of the United States of America is shown.

gold, silver, paper money, English colonies, finance