The American Standard Version (ASV) was preceeded by the English Revised Version (ERV) of 1881 and 1885 and was born out of dissatisfaction of the American revision committee over some of the renderings in the ERV. When working on the ERV, the American committee had agreed, for a period of fourteen years, not to endorse any other editions other than those issed by the University Presses of England. The ASV was published in 1901 after this period expired.
Some antiquated terms ("Lord," "Holy Ghost," etc. ) were replaced by more modern ones ("Jehovah," "Holy Spirit," etc.).
See p.571 of A General Introduction to the Bible by Geisler and Nix for additional information.
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