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The horse was
the primary form of transportation during the era of American Independence.
The most important horseback ride of this era was Paul Revere’s midnight ride
announcing the start of the American Revolutionary War. This Revolutionary War
hero had an interesting link to paper money since Revere was also an engraver
of currency. In 1690, the first paper money was issued in the American colonies.
As coins became scarce, many colonies printed their own notes denominated in
shillings, pounds, and Spanish milled dollars. The Continental Congress also
issued currency called Continentals to finance the War.