(c) Pocumtuck Valley Memorial Association, Deerfield MA. All rights reserved.
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By 1782, the new State governments and the Continental Congress were virtually bankrupt. Americans rapidly lost confidence that the paper money being printed in such large quantities held any real value. Thomas Dickinson of Deerfield, Massachusetts, was typical in preferring "Hard Money" to paper money in payment for the beef he supplied to the town of Deerfield in 1781.

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