Fractional currencies have often been called "shinplasters" in the past. Actually, this term of derision was first used by American soldiers in the Revolution. Then paper currencies with a face value of less than a dollar were regarded as being so worthless that troops reportedly stuffed them into their stockings to protect their shins from being chafed by their boots. Later, during the Civil War, southern soldiers held these small notes with equal contempt and referred to them too as shinplasters. |
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