Sebastiano
Sun Oct 06 2024
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7 answers
1310
How much was a bit in the 1800s?
Excuse me, could you clarify for me the value of a "bit" in the 1800s? I understand that the term "bit" has various meanings in different contexts, but in the realm of finance and economics, specifically as it relates to the period you've mentioned, I'm curious about its monetary worth. Was it a unit of currency, or perhaps a term used to describe a fractional amount of a larger unit? And if so, how did it compare to other forms of currency in circulation during that time? Thank you for your assistance in helping me better understand this historical financial term.
