The people were so poor that the states found it hard to collect enough
revenue for their own purposes, and most of them had a way of issuing
paper money of their own, which made things still worse. Under such
circumstances they had very little money to give to Congress. It was
necessary to borrow of France, or Spain, or Holland, and by the time
these nations were all at war, that became very difficult. From the
beginning of the war Congress had issued paper notes, and in 1778 the
depreciation in their value was already alarming. But as soon as the
exultation over Burgoyne's surrender had subsided, as soon as the hope
of speedily driving out the British had been disappointed, people soon
lost all confidence in the power of Congress to pay its notes, and in
1779 their value began falling with frightful rapidity. In 1780 they
became worthless. It took $150 in Continental currency to buy a bushel
of corn, and an ordinary suit of clothes cost $2000. Then people refused
to take it, and resorted to barter, taking their pay in sheep or
ploughs, in jugs of rum or kegs of salt pork, or whatever they could
get. It thus became almost impossible either to pay soldiers, or to
clothe and feed them properly and supply them with powder and ball. We
thus see why the Americans, as well as the British conducted the war so
languidly that for two years after the storming of Stony Point their
main armies sat and faced each other by the Hudson river, without any
movements of importance.
[Sidenote: The British conquer Georgia, 1779.]
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account