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The use of bills of credit quickly spread on the additional colonies. But as a consequence of easiness by which bills might be established, most colonies eventually over-issued them. As more and more expense were issued so when their redemption in coin have become less and less very likely, the value of conventional paper currency plummeted. In one significant case, a predicament in bills printed by Rhode Island depreciated within a several years to five percent with the company’s original value.

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