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TeachMeFinance.com - explain dollar dollar -- the monetary unit of the United States. historic definition... dollar --The United States silver dollar was based upon the Spanish milled dollar, the piece which probably first bore the raised and corrugated edge, which was devised to prevent the reduction of the coin by cutting off the rim. The name is derived from the German thaler, which apparently was first issued by a community of Joachims-thai in South Germany, whose pieces were of known purity and unchanging value. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.