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).
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).