The history of Canada's 25-cent note Canada
Canada used to have a 25-cent note that first appeared in 1870. The bill was meant to be a temporary solution to an ongoing problem, and many were even against it. However, it ended up being in circulation for 65 years.
"Thus the cycle repeated, and the 'American silver nuisance' resulted in hardship to farmers, merchants, and factory workers who had no choice but to accept their losses," states the book. To combat this, in 1870, the minister of finance, Sir Francis Hincks, suggested that the government buy American silver at a discount, export it, and artificially lower its value
They didn't want these"shinplasters" . But these notes became acceptable because they could be redeemed in gold at a specific price.
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