The word "dollar" evolved from its phonetic precursor, "thaler", which was an abbreviation of "Joachimsthaler". Joachimsthal was a mining town in Bohemia, where Count Schlick first began striking these silver "thaler" coins in 1519.
In 1789 the word "dollars" appeared in the united States' Constitution in Article I, Section 9. At the same time Article I, Section 10 of the Constitution defined the substance of American "dollars": "No State...shall make any Thing but gold and silver Coin a Tender in Payment of Debts."
Two years later the word "dollars" appeared in the Bill of Rights in Article 7:
"In Suits at common law, where the value in controversy shall exceed twenty dollars, the right of trial by jury shall be preserved, and no fact tried by jury, shall be otherwise re-examined in any Court of the United States, than according to the rules of the common law."
No comments:
Post a Comment