Word: pound
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...typical one: how to explain what 18th century money was worth. Answer: the 1776 dollar, which meant either the Spanish silver dollar or Continental paper redeemable in Spanish silver, would be worth, on the basis of new U.S. Commerce Department figures, about eleven of today's dollars, and the pound sterling about 50 dollars...
...Breach." The original plan called for a wading infantry attack on Sullivan's Island and a simultaneous naval assault. Parker accordingly anchored most of his fleet, including the flagship Bristol and the Experiment, both of 50 guns, only a few hundred yards from the fort and proceeded to pound it with broadside after broadside. At the same time, the bomb ketch Thunder anchored farther south and arched explosive 10-inch mortar shells into Moultrie's position. Three lighter vessels, the Actaeon and the Syren, both 28 guns, and the Sphinx, 20, drifted westward into the harbor, hoping...
...arranged with other merchants-notably the Providence firm of Brown, Hopkins, Jenckes & Bowen-to seek out arms in the West Indies and Europe for 2½ percent commission. John Brown arranged to buy a cargo of gunpowder in Surinam last November and charged a price of 6 shillings a pound, which General Washington called "most exorbitant" (in December Brown made a profit of ?20,000 for such work). But the price is still rising. On Brown, Hopkins' latest shipment from the West Indies a month ago, the firm had to pay 14 shillings a pound and made the somewhat...
...Puerto Rico, Ford will be using a carrot and stick. The carrot will be the promise of the sort of support that led the U.S. to make available $2 billion of the $5.3 billion line of credit extended to Britain this month to help prop up the sagging pound, which has so far been successful. The stick will be the clear understanding that such financial support will be forthcoming for governments only on condition that they act swiftly to put their domestic economic houses in order...
Additional help for the pound came from Switzerland, which has been worried about losing export orders and tourists as a result of the rising value of its franc. Last week the Swiss moved to push the franc lower by making heavy purchases of other currencies, clamping a curb on speculative dealings, and cutting the central bank's discount rate from 2.5% to 2%-moves meant to make their franc less attractive for investors who want to flee sterling...