The First Confederation Congress issues a charter to the Bank of North America to operate as a central bank modeled after the central Bank of England, to be headquartered in Philadelphia, Pennsylvania.
[added 2/6/2021]
Subsequent Events:
Authority:
Articles of Confederation, Article IX [Section 5]
ccc-2point0.com/articles-of-confederation
References:
“Chronology of Events, 1774-1804,” from The Debate on the Constitution, two volumes, Bernard Bailyn, ed., (New York: Library of America, 1992), 2:1037.
Bank of North America – Wikipedia, the free encyclopedia
en.wikipedia.org/wiki/Bank_of_North_America
The Corrupt Origins of Central Banking in America | Mises Institute
mises.org/library/corrupt-origins-central-banking-america-3
Current U.s. National Debt:
