In spite of the resource and tenacity of Washington and the convenient inactivity of Howe, it is difficult to see how the Revolution could have succeeded without the assistance which now came from France. Contrary to expectation, French troops and even the French navy were of little direct aid until the battle of Yorktown. But French gold financed the war. In the winter of 1778, when Washington's heroic remnant of barefoot soldiers lay starving at Valley Forge while Pennsylvania farmers sold provisions to the British and Loyalists who were comfortable and merry at Philadelphia, the Continental Congress was already a discredited and half bankrupt Government. Confiscated Loyalist property was sold for the benefit of the new State Governments; and Congress, unable to collect its requisitions, was forced to rely upon ever-increasing issues of paper money. In this very year $63,000,000 were added to the $38,000,000 already in circulation, and in 1779 the printers turned out $143,000,000 more. Laws fixing prices were without effect, and the value of paper fell to 33 cents on the dollar in 1777, to 12 cents in 1779, and to 2 cents in 1780. When a pound of tea sold for $100, when Thomas Paine bought woolen stockings at $300 a pair and Jefferson brandy at $125 a quart, General Gates could with $500,000 of paper get a hundred yards of fence built in which to guard British prisoners, but arms and munitions of war were forthcoming only so long as drafts on Franklin were honored by the French Government.