Where Do Roots of Most Popular Money Logo Lead?
- Where does the American dollar sign come from?
- You can come across several hypotheses about the origins of the dollar sign, which appears to be the most widely used money logo.
- According to historians, the oldest use of the dollar sign dates back to the 1770s.
- It was found in handwritten documents of English-Americans, where they describe their business deals with people of the Spanish-American origins.
- It was only thirty years later that the “$” sign began to appear in print.
- Let us introduce other theories, too: the “$” sign represents the combination of a “U” and “S” (“The United States” or “units of silver”) it comes from the Bohemian thaler depicting a snake on the Christian cross (which is itself a reference to Moses and his pole with a bronze snake around it) it was inspired by the so-called Pillars of Hercules flanking the entrance to the Strait of Gibraltar (they could be seen on the Spanish dollar) The debate about the origins of the dollar money logo has a political aspect.
- Many people do not like the idea that something that is, in fact, the symbol of the American dream can have roots in another country.
- US dollar sign used for other “dollar” currencies Interestingly, the American dollar symbol has been used to denote the currency of quite a few other countries.
- In many cases, the currencies have the word “dollar” in their names: the Australian dollar, the Bahamian dollar, the Barbadian dollar, the Bermudian dollar, the Brunei dollar, the Canadian dollar, the Cayman Islands dollar, the Eastern Caribbean dollar, the Hong Kong dollar, and the New Zealand dollar, to name just a few.
- For instance, let us analyze the history of the Canadian dollar.
- Back then, it was not a decimal system (each pound sterling was divided into 20 shillings and each shilling into 12 pence), which was inconvenient for business dealings with the United States.
- Eventually, the British government had to agree and grant the Province of Canada the right to use a decimal dollar system.
- Many of the “dollar sign” countries mentioned above used to be British colonies.
- Dollar sign used for the peso and other currencies Often, the dollar symbol has been used for the currencies named “peso” (for instance, the Argentine peso, the Chilean peso, the Colombian peso, and Mexican peso), which seems to support the “peso” hypothesis.
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