With renewed spirit the Americans in 1781 took the offensive in the Carolinas under Greene. Cornwallis moved northward to the peninsula of Yorktown. The moment had come. By a rapid movement of Washington's army and the effective cooperation of the French fleet, Cornwallis was trapped at Yorktown; and on Oct. 19, 1781, he surrendered, with eight thousand men. It was the first decided victory which Washington had himself gained. It made evident to England the hopelessness of continuing the contest; and in November, 1782, peace was made. [Sidenote: Reasons for American success.] The Revolutionary war was successful because the English underestimated the strength of the movement at the beginning, because the English commanders were incapable, and because in the later period, when the British were aroused, their strength was diverted by the dangerous European war. It was gained finally by the firmness and resolution of the people, and that resolution is typified in Washington. His patience and endurance, his ability to hold in check large forces with small armies imperfectly equipped, his power to keep the country up to the support of the war, mark him as one of the world's great military commanders. 43. FINANCES OF THE REVOLUTION (1775-1783). [Sidenote: Resources.] The successful termination of the war is the more remarkable because it was fought by a government almost without means, and finally without credit. The saddest part of the suffering at Valley Forge is that it was unnecessary. There was always food and clothing in the country, but Congress had no money to buy it. Congress had no power to lay taxes, and the colonies, most of which were spending large sums on their own militia, were not disposed to supply the general treasury. The pay of the Continental troops and of the general officers, the furnishing of equipments and stores, the support of foreign embassies, were burdens that must be borne, and Congress must find the means. [Sidenote: Continental currency.]