One Room Schoolhouse - Depreciation Land
I grew up in the part of Pennsylvania that was settled by Revolutionary War soldiers who gained
land grants in payment for their services. The Depreciation Lands were set aside for the redemption
of certificates of depreciation given to the officers and soldiers of the Pennsylvania Line in lieu of money payments
which according to the Act of 18 December 1780 (1 Sm.L. 522) should be equal to gold and silver in payment
for unlocated lands. The Act of 3 April 1781 (1 Sm.L. 519) set up scales of depreciation for the years 1777-1781
as compared with silver and gold; in July 1777 the scale was 3:1; in 1778 it was 6:1; in 1779 it was 41½:l;
in 1780 it was 75:1; in 1781 it was 75:1.