What was the effect of Congress's issue of $190 million in paper money by 1781?

Question

Quizplus · Accepted Answer

The issuance of $190 million in paper money by Congress by 1781 led to significant inflation, as the Continental Congress lacked the gold and silver to back it, causing the currency to rapidly lose its value. This period is often cited as an example of the dangers of printing money without sufficient reserves, leading to the phrase "not worth a Continental," referring to the Continental currency's diminished value.

What Was the Effect of Congress's Issue of $190 Million