History of the Canadian dollar
Canada was inhabited by First Nations canada goose coats who canada goose clearance sale traded in goods on a bartering basis, therefore, currency was not used, except by the Ojibway, who used copper as currency.
Special objects, such as a copper shield, had special economic and social value. The Haidas of the west coast, as a measure of status Canada Goose Outlet and wealth used these.
The early French colonists bartered goods but also used metal coins like canada goose the 5 sol French Canada Goose Jackets coin circa 1670, but there was never enough hard currency.
Silver coins were sent from France but canada goose outlet toronto factory were taken out of circulation by merchants. They used them to pay Buy lithium orotate at whole foods their taxes and buy European goods.
The use of foreign coins was never legalized, although Spanish American coins minted in Mexico would sometimes come in through secret trade. This practice continued on and off for several years.
Despite the continuing shortages of Canada Goose Online currency, playing cards were now banned as a form of currency.
Colonists had to make do with a 15 and a 30 canada goose replica deniers coin known as the mousquetaire. These gold coins were meant to pay soldiers and civil servants but canada goose clearance did Canada Goose Parka not stay in circulation very long. The name is believed to canada goose outlet store locations have come from the cross on the reverse of the coins, which resembled the crosses on the cloaks of the legendary musketeers.
The Compagnie des Indes Occidentales held a monopoly over the fur trade in New France https://www.topparka.ca . In canada goose black friday sale 1721, they issued coins called the Gold Louis.
These coins were canada goose deals not considered legal tender in France and local merchants refused them. Unfortunately, the coin shortage continued to 2018 canada goose outlet be a very serious problem. This was used until Canada Goose online the fall of New France in 1760. The card money was printed on white cardboard and the size varied by buy canada goose jacket denomination.
From 1720 to 1760, other forms of paper money circulated, including treasury Canada Goose sale bills and letters of exchange. These surpassed the amount of card canada goose store money in circulation.
Sol and double sol
Another coinage that was used was the sol (sou). The sol was equivalent to the size of a 20th century one cent coin and was produced between 1738 and 1756. The Sol was rated at 12 deniers. The double sol was produced buy canada goose jacket cheap until 1764, although large shipments to Quebec and Cape Breton ended in 1756. The double sol was rated at 24 deniers.
The shortage of currency that had been experienced in the original North American colonies prior to the war of independence continued in the remaining British North American colonies into the 19th century cheap Canada Goose Parkas . The economy was still dependent on the fur trade and coins from England.
Trade with various colonies plus the United States, resulted in an influx of additional Spanish American coinage.
In Prince Edward Island, officials punched out the centres of the Spanish American coins and made canadian goose jacket two coins: the one shilling and the five shilling.
It took the public some time to trust paper money. During the War of 1812, the colonies issued army bills to finance the war effort. cheap Canada Goose They circulated in large numbers and when the war ended in 1815, the British government redeemed the bills at full value. This restored trust in paper money, which led to the rise of banks.
Tokens, of which many were imported from England, served as coins during this period. Some tokens were anonymous in that they did not indicate the name of any specific merchant or Canada Goose Coats On Sale institution, while others did.
Tokens offered a discount on purchases, similarly to Canadian Tire money in the 20th and canada goose coats on sale 21st centuries.