In the American colonies there was little money.England did not supply the colo

    In the American colonies there was little moneyEngland did not supply the colonies with coins and it did not allow the colonies to make their own coinsOnly the Massachusetts Bay Colony received permission for a short period in 1652 to make several kinds of silver coinsEngland wanted to keep money out of America as a means of controlling tradeAmerica was forced to trade only with England if it did not have the money to buy products from other countries The result during the pre-revolutionary period was that the colonists used various goods in place of moneybeaver fursIndian wampumand tobacco leaves were all commonly used as substitutes(代替物)for moneyThe colonists also made use of any foreign coins they could obtainDutchSpanishFrenchand English coins were all in use in the American colonies

    Individual states and the Continental Congress issued paper moneyS0 much of this paper money was printed that by the end of the Revolutionary War it was virtually worthlessAs a resulttrade in goods and the use of foreign coins were still common during this period

    By the time the Revolutionary War had been won by the American coloniststhe monetary(货币的)system was in a state of total confusionTo change this situationthe new Constitution of the United Statesapproved in 1789allowed only Congress to issue moneyThe individual states could no longer have their own money supplyA few years laterthe Coinage Act of 1792 made the dollar the official currency of the United States and put the country on a bimetallic(双金属的)standardIn this bimetallic systemboth go1d and silver were legal moneyand the rate of exchange of silver to gold was fixed by the government at sixteen to one

28. The reason why England kept money out of America was that______

   A. American colonies could have their own coins

   B. America had to trade only with England

   C. the colonists wanted to save the money for their own country

   D. too much paper money in use would lead to the decrease of value

29. What happened to the American monetary system during the Revolutionary War?

   A. Individual states were not allowed to issue money

   B. The Continental Congress issued g01d and silver coins

   C. American money replaced trade-in goods and foreign coins.

   D. So much paper money was in use that it almost lost its value at last

30. According to the passageunder the new US Constitution____.

   A. only the US Congress could issue money

   B. the dollar was made the official currency of the US

   C. the US officially went on a bimetallic monetary system

   D. various state governmentsincluding Massachusettscould issue money

31. This passage mainly discusses _____.

A. the American monetary system during the 17th and 18th centuries

B. the English monetary policies in American colonies

 C. the effect of the Revolutionary War on American money

 D. American money from past to present

答案

BDAA

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