We like to think of international currencies, like the dollar, as a new thing - but they're not. The Spanish real ("Pieces of Eight") was the global international currency from around 1600 to the mid-1800s or so. It was actually legal tender in the US for nearly 100 years, and the US dollar coin was originally designed to function as an equivalent to it.
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We like to think of international currencies, like the dollar, as a new thing - but they're not. The Spanish real ("Pieces of Eight") was the global international currency from around 1600 to the mid-1800s or so. It was actually legal tender in the US for nearly 100 years, and the US dollar coin was originally designed to function as an equivalent to it.