How did we settle on Dollar as the name of American currency?

by Alcohooligan
BoazCorey

Etymonline's entry for "dollar" pretty much covers this history, including the word's adoption in the English colonies to refer to Spanish pesos.

Also, the webmaster of etymonline.com occasionally writes short essays. He wrote one a while back on the etymological connection between the words "dollar" and "neanderthal".