This article is about the type of currency. For other uses, see Dollar (disambiguation). Canadian one-dollar coin (Loonie) The dollar (often represented by the dollar sign: "$") is the name of the nation's currency.[citation needed] By the American Revolution in 1775, these Spanish currency became even more important. They were backed by paper money authorized by the individual colonies and the Continental Congress.[4] However, the word dollar was in use in the English language as slang or mis-pronunciation for the thaler for about 200 years before the American Revolution, with many quotes in the plays of Shakespeare referring to dollars as money. Spanish dollars were in circulation in the Thirteen Colonies that became the United States, the dollar was a defined unit of trade equal to 412.5 grains (26.73 g) of 90% silver. Today the closest definition to a dollar comes from the United States at a given point

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