Revolution on $33,000 a day Part 3 (Ep14)

Revolution on $33,000 a day Part 3 (Ep14)

This is the concluding episode in our three-part series on the financing and supply logistics of the American Revolution. It begins with financial and monetary crises having hit both the Continental Congress and the Pennsylvania Assembly. The Continental Congress has created the new role of Superintendent of Finance, and named Robert Morris to the position. Morris and his aides made several major reforms. They solved the army’s supply problems through private contracts with private vendors, created the Bank of North America, and pressured the states to fulfill their financial obligations to the Continental Congress. Morris and his aides ensured critical financing for the decisive military victory over the British at Yorktown, and navigated the collapse of the Continental dollar. But the Continental Congress was hamstrung in its efforts because it did not have the power to tax. This led to an over-reliance on the French and other foreign governments for the funding of the war effort, and led to the states and Congress stiffing their creditors, most shamefully the unpaid soldiers of the Continental Army. The demobilization of the army led to a touchy flashpoint in early America – one that could have led to violence and civil war. Congress was threatened by a mob of soldiers, and the Pennsylvania government did nothing to stop them. Congress left Philadelphia. The overall political dysfunction could have upended the whole experiment with federal government in America, but it led to the Constitutional Convention of 1787, and the new constitution that took effect in 1789.

The Johnstown Flood (Ep13)

On May 31, 1889, after torrential rains worse than any in recorded history, the South Fork Dam on the western side of the Allegheny Mountains broke, and 20 million tons of water poured downstream. Towns in its wake were leveled: South Fork, Mineral Point, Woodvale, East Conemaugh and, most notably, Johnstown. Prior to the September 11th attack on the World Trade Center, it was the deadliest man-made disaster in U.S. history. 2,209 people were killed. Johnstown and several neighboring towns were destroyed. This episode addresses the questions of why it happened and what happened afterward.

Revolution on $33,000 a day Part 2 (Ep12)

This is the second episode in our three-part series on the financing and supply logistics of the American Revolution. In the first episode, we asked, “Who paid for all this stuff and how did it get to where it was needed?” We described how the Continental Congress funded the war at the start, and did so well enough to permit the military and diplomatic successes of 1777 and 1778. We introduced Philadelphia financier and merchant Robert Morris, one of the richest men in America, who played a key role in both the Continental Congress and the Pennsylvania Assembly in the administration of the war’s supply efforts. But, two years into the war, the wheels started to fall off financially, and Robert Morris’ help was even more urgently needed. This episode covers the period from the second half of 1788 to the Spring of 1781, during which time the Continental dollar and the Pennsylvania currency both depreciated. Congress faced mounting deficits, the populace was hurting from monetary inflation, the soldiers were unpaid, and unrest erupted. This episode ends at a point in 1781 when financial and monetary crises hit both the Continental Congress and the Pennsylvania Assembly. The Continental Congress responded by creating the new role of Superintendent of Finance and named Robert Morris to that position. Timestamps for major events/discussions: [01:45] – Recapping the description of the Continental dollar from the last episode [04:46] – Introducing Pelatiah Webster [08:23] – The creation of the committee on “ways and means” [10:10] – Congress makes the Continental dollar legal tender [21:08] – The Continental dollar ceases to function as a medium of exchange [25:14] – Political turmoil in the Continental Congress after the Occupation [28:04] – Political turmoil in the Pennsylvania Assembly post-occupation [29:42] – Monetary inflation post-occupation [33:54] – The Fort Wilson Riot [40:16] – Spain joins the war against Great Britain [44:59] – The Pennsylvania Line Mutiny [47:17] – Congress creates the position of Superintendent of Finance [51:58] – Robert Morris formally accepts the position of Superintendent of Finance Books to read: · The Continental Dollar: How the American Revolution was Financed with Paper Money. by Farley Grubb (University of Chicago Press, 2023) · Robert Morris: Financier of the Revolution, by Charles Rappleye (Simon & Schuster, 2010) Calls to action: · Follow us on Instagram to learn when new episodes drop or to be a part of our chat community IG: pennsylmaniapod · Join our email list to receive news on the podcast by emailing us at producer@pennsylmania.com · Provide feedback on this episode, or give us ideas for new episodes, by emailing us at producer@pennsylmania.com Link to website: www.pennsylmania.com

Revolution on $33,000 a day Part 1 (Ep11)

The financing and logistics of the American Revolution. In order to get a full picture of the American Revolution, one has to study more than the battles fought by the soldiers and the political ideals of the Founding Fathers. You have to ask, “Who paid for all this stuff and how did it get to where it was needed?” This episode covers the first three years of the War, from 1775 to 1778, when America was a scrappy start-up venture. It illuminates the ways in which the Continental Congress paid for the War. Chief among these are that they printed money, took out foreign loans, and received foreign military aide. But they also employed lesser-known methods, such as government-sanctioned piracy. This episode also explains the far-flung supply network that handled logistics for the Americans, which was essential in receiving and transporting needed supplies, such as gunpowder and arms. It features the man who did more than anyone to fund the War and to get provisions where they were needed: Philadelphia financier Robert Morris. This is the first of a 3-part series that takes us through the end of the War of Independence.

Occupied Philadelphia (Ep10)

What was life like in the nation’s capital under British control? From September of 1777 to June of 1778, the British Army occupied the City of Philadelphia. During this time, the Congress was in exile in York, and the Pennsylvania Assembly was in exile in Lancaster. This episode explains life and events in Philadelphia under British occupation. About a third of Philadelphians fled the approaching British, leaving behind a population of mostly loyalists and the disaffected. For the working-class, life would become difficult. But if you were a rich loyalist at the time, you could have the time of your life.