Answer:
For America's first 70 years, private entities, and not the federal government, issued paper money. Notes printed by state-chartered banks, which could be exchanged for gold and silver, were the most common form of paper currency in circulation
Explanation:
I was learning this earlier today, so I'm not sure if this is correct. But if it is I'm glad I could help, but if it's not... sorry (◞‸◟ㆀ)