Non-partisan (nationalist) President Washington—without a constitutional amendment—signs the Charter for the first central Bank of the United States.
Postscript: Over the first five years of its existence the BUS depreciated the value (inflation) of the Dollar by an average of 11.5% annually.
[restored 2/13/2021] Thanks to Freedom’s Phoenix for this entry.
Proposed by Alexander Hamilton, and in spite of Thomas Jefferson’s devastating critique. —— JL
Subsequent Events:
Authority:
“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), 2:1075.
Calvin D. Linton, ed., The Bicentennial Almanac: 200 Years of America, 1776-1976, (New York: Thomas Nelson, 1977), 47.
U.S. Banking Timeline
www.libertyforlife.com/banking/currency-us-timeline.html
The Federal Reserve and you
endthefednc.wordpress.com/
The American Conservative — Inflating War
www.amconmag.com/article/2010/aug/01/00016/
Current U.s. National Debt:
