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Diving inside silver, The country of spain visited area minting silver coins labeled as “bits of eight,” or peso de ocho— “pesos” to own short. Unfortuitously, Rand’s states in regards to the history of the fresh buck signal might not end up being accurate while there is evidence of the usage of the newest dollar indication before All of us is inaugurated since the a country within the 1776. The newest dollars sign become because the an excellent You at the top of an enthusiastic S, while the shorthand to possess “United states.” Throughout the years, the bottom of the fresh U disappeared, making the newest S that have a few outlines thanks to it. Within her 1957 dystopian novel, Atlas Shrugged, the brand new heroin protagonist teaches you to some other character exactly what the dollars indication is short for. Since the buck sign doesn’t have one particular resource, there are a couple theories on what they arrived becoming.
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