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This can be now generally considered the most appropriate origin out of the fresh dollars signal. We understand from handwritten manuscripts one to resellers and you can traders tend to abbreviated the fresh peso as the “PS.” Because the go out went on, and as the new acronym turned more prevalent, the fresh “S” try usually written along side “P,” generating a keen approximation of your “$” icon. The usa is actually referred to as Joined Territories from North America up to 1776, and you may facts can be found that dollar sign was a student in explore ahead of the usa nickname was born — putting some principle search tenuous at best. The author and you will philosopher Ayn Rand seemingly experienced which principle and you may chose to is it inside a chapter away from their 1957 novel Atlas Shrugged, where you to character asks various other precisely what the money signal stands for. A different preferred theory — and probably a famous myth — is the fact that the icon is short for “You” and originated in the newest acronym “You.S.,” to the letters superimposed plus the “U” as conventionalized over the years.
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