What resulted from the loss in value of the Continental dollar?

Answer 1

The loss in value of the Continental dollar resulted in hyperinflation in the American colonies during the American Revolutionary War. The Continental Congress printed excessive amounts of the Continental currency to finance the war effort, causing its value to plummet. As a result, prices soared, and the currency became virtually worthless. This led to significant economic hardship, as people struggled to meet basic needs and businesses collapsed. The loss in value of the Continental dollar also contributed to a lack of confidence in paper money and played a role in the eventual adoption of a new national currency, the United States dollar, after the war.