The word “dollar” has its origins in Bohemia, a historical region of central Europe that is now part of the Czech Republic. In the 16th century, Bohemia was one of the most important silver mining regions in the world, and the coins minted there, known as “Joachimsthaler, ” became widely used in international trade. These coins were eventually shortened to “thaler, ” and from there, the word “dollar” was born.

Hmm... sounds like the Prussians made it up 🤔

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Joachimsthaler coin

A silver coin first minted in 1515 in Joachimsthal, Bohemia, which is now part of the Czech Republic. The term was coined by Count Hieronymus Schlick of Bohemia and was shortened to "taler" in everyday use. The word "taler" is German for "of the valley" and was variously spelled in the late 16th century. In the 18th and 19th centuries, the spelling "Thaler" became standard, but was changed to "Taler" in 1902. English speakers eventually transformed "taler" into the word "dollar", which the Continental Congress defined as containing around 11% silver per coin after the American Revolution.

Dr. Erich Joachimsthaler

A management expert and professor who focuses on the Interaction Field model to help businesses thrive. He has written or co-authored more than 100 articles and two award-winning books, including Brand Leadership and Hidden in Plain Sight. He has been featured in USA Today, The New York Times, and Wall Street Journal, and writes regularly for Harvard Business Review. In 2017, he was inducted as an ISBM Fellow and voted a Top 25 Influencer of Chief Digital Officers. He has degrees in economics, statistics, and business administration from both German and U.S. universities.