This is now widely thought to be the most likely resource from the fresh buck indication. We all know from handwritten manuscripts one to resellers and traders often abbreviated the new peso as the “PS.” Because the day proceeded, and also as the brand new acronym turned into more common, the fresh “S” are often composed over the “P,” generating an approximation of your “$” symbol. The usa is referred to as United Colonies out of Northern The usa up until 1776, and you may evidence can be found your money indication was a student in fool around with ahead of the us moniker was created — putting some principle look tenuous at the best. The writer and you can philosopher Ayn Rand seemingly felt so it idea and decided to is it within the a section of her 1957 novel Atlas Shrugged, in which one to reputation asks other precisely what the dollars signal really stands to have. An alternative preferred concept — and most likely a well-known myth — is the fact that symbol means “All of us” and came from the new abbreviation “You.S.,” to the letters superimposed plus the “U” becoming conventionalized over time.
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