From Wikipedia: The sign is first attested in British, American, Canadian, Mexican and other Spanish American business correspondence in the 1770s, referring to the Spanish American peso, also known as "Spanish dollar" or "piece of eight" in British North America, which provided the model for the currency that the United States later adopted in 1785 and the larger coins of the new Spanish American republics, such as the Mexican peso and the Peruvian eight-real and Bolivian eight-sol coins.
The best documented explanation reveals that the sign evolved out of the Spanish and Spanish American scribal abbreviation "ps" for pesos. A study of late eighteenth- and early nineteenth-century manuscripts shows that the s gradually came to be written over the p developing a close equivalent to the "$" mark
One explanation is that the Spaniards, who first colonized America, used a dollar called a "piece of eight," as it was worth 8 reales. The original symbol for this coin is said to have been /8/, the lines on each side of the figure serving to distinguish it from an ordinary arithmetical 8. Later on the two lines were drawn through the figure $. And later still this was altered into $. Another explanation traces the symbol back to the Pillars of Hercules, the arms of Cadiz, in Spain, adopted by Charles the Fifth of Spain, and stamped on "pillar pieces", which were exported to America. The two pillars of the design were joined by a scroll turned round them.
by Kevin Peter 5 years ago
Why is the symbol “x” used in Mathematics to denote the unknown?There are 25 other letters in the English alphabet. Then why was x particularly selected for this purpose?
by lady_love158 7 years ago
http://www.financialsense.com/contribut … the-dollarThis pulls it all together... with this perspective you can see why Obama's budget just continues to spend money we don't have... you understand why the G20 is meeting to discuss eliminating the dollar as the world's currency... it now...
by Debby Bruck 3 years ago
This thread connects to Web Examiner's recent thread about an epidemic use of lower case "i" in place of the proper letter "I" as a pronoun. http://hubpages.com/forum/topic/93177I find a similar common lazy shortcut when people use the "&" symbol in place of...
Copyright © 2018 HubPages Inc. and respective owners. Other product and company names shown may be trademarks of their respective owners. HubPages® is a registered Service Mark of HubPages, Inc. HubPages and Hubbers (authors) may earn revenue on this page based on affiliate relationships and advertisements with partners including Amazon, Google, and others.
|HubPages Device ID||This is used to identify particular browsers or devices when the access the service, and is used for security reasons.|
|Login||This is necessary to sign in to the HubPages Service.|
|HubPages Traffic Pixel||This is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.|
|Remarketing Pixels||We may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.|
|Conversion Tracking Pixels||We may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.|