Indexed Bonds Were Completely Unknown in the United States Until

Indexed bonds were completely unknown in the United States until 1997 when the U.S.Treasury began to issue inflation-indexed bonds known as Treasury Inflation-Protected Securities,or TIPS.
Indexed bonds were not completely unknown in the United States before 1997.For example,in 1780 American Revolution soldiers were compensated with indexed bonds that paid the value of "five bushels of corn,68 pounds and four-sevenths part of a pound of beef,ten pounds of sheep's wool,and sixteen pounds of sole leather."