Near the end of the eighteenth century, the dollar

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Near the end of the eighteenth century, the term "dollar" was indeed a nickname for the Spanish Peso, which was widely circulated and used in the Americas for trade. The Spanish Peso, or Spanish dollar, was more plentiful than any other coin in circulation in the United States at that time. It was also customarily used to reckon accounts, making it a de facto currency in the U.S. before the establishment of the U.S. dollar.

Near the End of the Eighteenth Century, the Dollar