Counterfeiting also has a history of being employed as a political tool, particularly during times of war when it has been used to devalue an enemy’s currency by flooding a country with fake coinage or notes. For example, the British government sought to undermine the Continental Congress during the War of American Independence by counterfeiting the dollar during 1777 and 1778. This resulted in inflation, the withdrawal of that year’s issue of the currency, the passing of laws forbidding counterfeiting of money, and, the complete withdrawal of the Continental Dollar in 1779 (Baack, 2001). A similar scheme was.
