Money Fact: Postage Stamps to the Rescue
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Money Fact: Postage Stamps to the Rescue
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About this listen
Did you know that postage stamps were once used as money over in the US?
Well, during the Civil War, there was a shortage of coins.
Paper tickets and bills were often substituted as small change, but the scarcity was so severe, it led the Congress to authorise the issuance of stamps as a temporary “Fractional Currency.”
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