The Articles of Confederation and Perpetual Union was an agreement among the 13 states of the United States, formerly the Thirteen Colonies, that served as the nation's first frame of government. It was debated by the Second Continental Congress at Independence Hall in Philadelphia between July 1776 and November 1777, and finalized by the Congress on November 15, 1777. It came into force on March 1, 1781, after being ratified by all 13 colonial states. A guiding principle of the Articles was the establishment and preservation of the independence and sovereignty of the states. The Articles consciously established a weak central government, affording it only those powers the former colonies had recognized as belonging to king and parliament. The document provided clearly written rules for how the states' league of friendship, known as the Perpetual Union, would be organized.
The Continental Congress was a series of legislative bodies, with some executive function, for the thirteen colonies of Great Britain in North America, and the newly declared United States before, during, and after the American Revolutionary War. The Continental Congress refers to both the First and Second Congresses of 1774–1781 which, at the time, also described the Congress of the Confederation of 1781–1789, which operated as the first national government until being replaced following ratification of the U.S. Constitution. The Continental Congress represented the 13 colonies and then the new United States from 1774 until 1789. The Congress met predominantly at Independence Hall in Philadelphia, though it was relocated temporarily on several occasions during the Revolutionary War and the fall of Philadelphia.
The Department of the Treasury (USDT) is the national treasury and finance department of the federal government of the United States, where it serves as an executive department. The department oversees the Bureau of Engraving and Printing and the U.S. Mint. These two agencies are responsible for printing all paper currency and minting coins, while the treasury executes currency circulation in the domestic fiscal system. The USDT collects all federal taxes through the Internal Revenue Service; manages U.S. government debt instruments; licenses and supervises banks and thrift institutions; and advises the legislative and executive branches on matters of fiscal policy. The department is administered by the secretary of the treasury, who is a member of the Cabinet. The treasurer of the United States has limited statutory duties, but advises the Secretary on various matters such as coinage and currency production. Signatures of both officials appear on all Federal Reserve notes.
The Bank of North America was the first chartered bank in the United States, and served as the country's first de facto central bank. Chartered by the Congress of the Confederation on May 26, 1781, and opened in Philadelphia on January 7, 1782, it was based upon a plan presented by Superintendent of Finance Robert Morris on May 17, 1781, based on recommendations by Revolutionary era figure Alexander Hamilton. Although Hamilton later noted its "essential" contribution to the war effort, the Pennsylvania government objected to its privileges and reincorporated it under state law, making it unsuitable as a national bank under the federal Constitution. Instead Congress chartered a new bank, the First Bank of the United States, in 1791, while the Bank of North America continued as a private concern.
Robert Morris Jr. was an English-born merchant and a Founding Father of the United States. He served as a member of the Pennsylvania legislature, the Second Continental Congress, and the United States Senate, and he was a signer of the Declaration of Independence, the Articles of Confederation, and the United States Constitution. From 1781 to 1784, he served as the Superintendent of Finance of the United States, becoming known as the "Financier of the Revolution." Along with Alexander Hamilton and Albert Gallatin, he is widely regarded as one of the founders of the financial system of the United States.
Thomas Fitzsimons was an Irish-born American Founding Father, merchant, banker, and politician. A resident of Philadelphia, Fitzsimons represented Pennsylvania in the Continental Congress, was a delegate to Constitutional Convention, and served in U.S. Congress. He was a signatory of the Constitution of the United States. A slave owner, Fitzsimons was an early proponent of abolishing the slave trade in the newly formed nation.
The Continental Navy was the navy of the Thirteen Colonies during the American Revolutionary War. Founded on October 13, 1775, the fleet developed into a relatively substantial force throughout the Revolutionary War, owing partially to the substantial efforts of the Continental Navy's patrons within the Continental Congress. These Congressional Patrons included the likes of John Adams, who served as the Chairman of the Naval Committee until 1776, when Commodore Esek Hopkins received instruction from the Continental Congress to assume command of the force.
Gouverneur Morris was an American statesman, a Founding Father of the United States, and a signatory to the Articles of Confederation and the United States Constitution. He wrote the Preamble to the United States Constitution and has been called the "Penman of the Constitution". While most Americans still thought of themselves as citizens of their respective states, Morris advanced the idea of being a citizen of a single union of states. He was also one of the most outspoken opponents of slavery among those who were present at the Constitutional Congress. He represented New York in the United States Senate from 1800 to 1803.
Daniel Carroll was an American politician and plantation owner from Maryland and one of the Founding Fathers of the United States. He supported the American Revolution, served in the Confederation Congress, was a delegate to the Philadelphia Convention of 1787 which penned the Constitution of the United States, and was a U.S. Representative in the First Congress. Carroll was one of five men to sign both the Articles of Confederation and the Constitution. He was one of the few Roman Catholics among the Founders.
The Newburgh Conspiracy was a failed apparent threat by leaders of the Continental Army in March 1783, at the end of the American Revolutionary War. The Army's commander, George Washington, successfully calmed the soldiers and helped secure back pay. The conspiracy may have been instigated by members in the Congress of the Confederation, which circulated an anonymous letter in the army camp at Newburgh, New York, on March 10, 1783. Soldiers were unhappy that they had not been paid for some time and that pensions that had been promised remained unfunded.
This history of central banking in the United States encompasses various bank regulations, from early wildcat banking practices through the present Federal Reserve System.
Symbols of the United States Department of the Treasury include the Flag of the Treasury Department and the U.S. Treasury Seal. The original seal actually predates the department itself, having originated with the Board of Treasury during the period of the Articles of Confederation. The seal is used on all U.S. paper currency, and on official Treasury documents.
The Congress of the Confederation, or the Confederation Congress, formally referred to as the United States in Congress Assembled, was the governing body of the United States from March 1, 1781, until March 3, 1789, during the Confederation period. A unicameral body with legislative and executive function, it was composed of delegates appointed by the legislatures of the several states. Each state delegation had one vote. The Congress was created by the Articles of Confederation and Perpetual Union upon its ratification in 1781, formally replacing the Second Continental Congress.
The Office of Intelligence and Analysis (OIA) is a component of the United States Department of the Treasury responsible for the receipt, analysis, collation, and dissemination of foreign intelligence and counterintelligence information related to the operation and responsibilities of the Treasury Department.
William Jackson was a figure in the American Revolution and one of the Founding Fathers of the United States. He served as secretary to the 1787 United States Constitutional Convention, and as part of his duties added his signature to the United States Constitution. He also served with distinction in the Continental Army during the Revolutionary War. After the war, he served as one of President George Washington's personal secretaries.
The Mount Vernon Conference was a meeting of delegates from Virginia and Maryland held March 21–28, 1785, to discuss navigational rights in the states' common waterways. On March 28, 1785, the group drew up a thirteen-point proposal to govern the rights of both states on the Potomac River, Pocomoke River, and Chesapeake Bay. Known as the Mount Vernon Compact and formally titled as the Compact of 1785, this agreement not only covered tidewater navigation but also extended to issues such as toll duties, commerce regulations, fishing rights, and debt collection. Ratified by the legislature of both states, the compact helped set a precedent for later meetings between states for discussions into areas of mutual concern.
The Confederation period was the era of United States history in the 1780s after the American Revolution and prior to the ratification of the United States Constitution. In 1781, the United States ratified the Articles of Confederation and Perpetual Union and prevailed in the Battle of Yorktown, the last major land battle between British and American Continental forces in the American Revolutionary War. American independence was confirmed with the 1783 signing of the Treaty of Paris. The fledgling United States faced several challenges, many of which stemmed from the lack of a strong national government and unified political culture. The period ended in 1789 following the ratification of the United States Constitution, which established a new, more powerful, national government.
Events from the year 1782 in the United States
The Columbian Institute for the Promotion of Arts and Sciences (1816–1838) was a literary and science institution in Washington, D.C., founded by Dr. Edward Cutbush (1772–1843), a naval surgeon. Thomas Law had earlier suggested of such a society "at the seat of government." It was the first "learned society" established in Washington and was organized on June 28, 1816, sixteen years after the city was occupied, and less than two years after the invasion by the British troops. The second article of its constitution states: "The Institute shall consist of mathematical, physical, moral and political sciences, general literature and fine arts."
