During the Revolutionary War, when the Continental Congress authorized the printing of paper currency called continental currency, the monthly inflation rate reached a peak of 47 percent in November 1779 (Bernholz 2003: 48).
The monthly inflation rate reached a peak of 47 percent in November 1779 (Bernholz 2003: 48). This was during the Revolutionary War. The Continental Congress authorized. The printing of paper currency called continental currency.