The Second Continental Congress convenes in Philadelphia, Pennsylvania. In one of its first acts, Congress passes the first Certificate Act, authorizing the issue of 3,000,000 “dollars” in Continental currency notes (Bills of Credit), in one, two, three, four, five, six, seven, eight, 20 and 30 “dollar” denominations. The act forces their acceptance at par value (one to one) with the Spanish Milled (silver) Dollar.
NOTE: This act establishes a Continental debt of 3,000,000 Dollars.
[added 7/3/2021]
Brigadier General Benedict Arnold, commanding the Massachusetts Militia; and Major General Ethan Allen commanding the Green Mountain Boys Militia capture Fort Ticonderoga.
[restored 7/3/2021]
Subsequent Events:
Authority:
Magna Carta, Chapter 61
ccc-2point0.com/Magna-Carta
English Bill of Rights, Number 5
ccc-2point0.com/English-Bill-of-Rights
“Law of the Jungle”
ccc-2point0.com/preface
References:
“Chronology of Events, 1774-1804,” from The Debate on the Constitution, two volumes, Bernard Bailyn, ed., (New York: Library of America, 1992), 2:1027-28.
Jack Weatherford, The History of Money: From Sandstone to Cyberspace, (New York: Three Rivers Press, 1997), 135-36.
Continental Currency.mht
www.coins.nd.edu/ColCurrency/CurrencyText/CC.html
Current U.s. National Debt:
