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Commissary notes : ウィキペディア英語版 | Commissary notes
Commissary notes were financial certificates issued by the departments of the quartermaster and commissary-general on behalf of the Continental Army during the American Revolution. Due to the rapid depreciation of the Continental currency, the Continental Congress authorized soldiers to provide commissary notes as compensation for impressed supplies.〔Pfander 1998, p. 1284.〕 However, the widespread use of these certificates further contributed to the trend of currency devaluation. Although distinct from the paper currency issued by the Continental Congress, commissary notes were accepted during state tax collections. Consequently, a large portion of the nearly worthless Continental notes remained in circulation despite Congressional attempts to improve credit through a reduction in the money supply.〔Ferguson 1961, p. 64.〕 ==Origins==
Given the revolutionary army’s lack of supplies when compared to the British, the Continental Congress recognized the need to impress certain goods and, in late 1776, allowed General George Washington to seize necessary supplies. Although the federal government did not initially endorse the states’ use of impressments, it later gave state governments great liberties to demand goods and services from local populations.〔Ferguson 1961, pp. 57–58.〕 The departments of the quartermaster and commissary-general, who were in charge of executing the impressments, experimented with multiple forms of payment. Congress originally authorized the army to fund impressments either with in-kind payments or with the paper Continental currency. However, the high levels of depreciation within the first few years of the war caused Congress to attempt to reimburse impressed goods with a new kind of promissory certificate that carried no interest rates.〔Pfander 1998, p. 1284.〕 These so-called commissary notes began as hand-written documents but, as they became more popular, they were eventually mass-printed.〔Ferguson 1961, pp. 60–61.〕
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