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27 relations: American Civil War, American Revolutionary War, Banknote, Benjamin Franklin, Bretton Woods system, Chicago, Circulation (currency), Coin, Constitutional Convention (United States), Continental Congress, Contract Clause, Credit, Currency, Federal Reserve System, Inflation, Interest, Investment banking, Legal tender, Port Clinton, Ohio, Pound sterling, Province of Massachusetts Bay, Province of New Jersey, Siege of Louisbourg (1745), United States Constitution, United States Department of the Treasury, United States Note, United States ten-dollar bill.
American Civil War
The American Civil War (also known by other names) was a war fought in the United States from 1861 to 1865.
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American Revolutionary War
The American Revolutionary War (17751783), also known as the American War of Independence, was a global war that began as a conflict between Great Britain and its Thirteen Colonies which declared independence as the United States of America. After 1765, growing philosophical and political differences strained the relationship between Great Britain and its colonies. Patriot protests against taxation without representation followed the Stamp Act and escalated into boycotts, which culminated in 1773 with the Sons of Liberty destroying a shipment of tea in Boston Harbor. Britain responded by closing Boston Harbor and passing a series of punitive measures against Massachusetts Bay Colony. Massachusetts colonists responded with the Suffolk Resolves, and they established a shadow government which wrested control of the countryside from the Crown. Twelve colonies formed a Continental Congress to coordinate their resistance, establishing committees and conventions that effectively seized power. British attempts to disarm the Massachusetts militia at Concord, Massachusetts in April 1775 led to open combat. Militia forces then besieged Boston, forcing a British evacuation in March 1776, and Congress appointed George Washington to command the Continental Army. Concurrently, an American attempt to invade Quebec and raise rebellion against the British failed decisively. On July 2, 1776, the Continental Congress voted for independence, issuing its declaration on July 4. Sir William Howe launched a British counter-offensive, capturing New York City and leaving American morale at a low ebb. However, victories at Trenton and Princeton restored American confidence. In 1777, the British launched an invasion from Quebec under John Burgoyne, intending to isolate the New England Colonies. Instead of assisting this effort, Howe took his army on a separate campaign against Philadelphia, and Burgoyne was decisively defeated at Saratoga in October 1777. Burgoyne's defeat had drastic consequences. France formally allied with the Americans and entered the war in 1778, and Spain joined the war the following year as an ally of France but not as an ally of the United States. In 1780, the Kingdom of Mysore attacked the British in India, and tensions between Great Britain and the Netherlands erupted into open war. In North America, the British mounted a "Southern strategy" led by Charles Cornwallis which hinged upon a Loyalist uprising, but too few came forward. Cornwallis suffered reversals at King's Mountain and Cowpens. He retreated to Yorktown, Virginia, intending an evacuation, but a decisive French naval victory deprived him of an escape. A Franco-American army led by the Comte de Rochambeau and Washington then besieged Cornwallis' army and, with no sign of relief, he surrendered in October 1781. Whigs in Britain had long opposed the pro-war Tories in Parliament, and the surrender gave them the upper hand. In early 1782, Parliament voted to end all offensive operations in North America, but the war continued in Europe and India. Britain remained under siege in Gibraltar but scored a major victory over the French navy. On September 3, 1783, the belligerent parties signed the Treaty of Paris in which Great Britain agreed to recognize the sovereignty of the United States and formally end the war. French involvement had proven decisive,Brooks, Richard (editor). Atlas of World Military History. HarperCollins, 2000, p. 101 "Washington's success in keeping the army together deprived the British of victory, but French intervention won the war." but France made few gains and incurred crippling debts. Spain made some minor territorial gains but failed in its primary aim of recovering Gibraltar. The Dutch were defeated on all counts and were compelled to cede territory to Great Britain. In India, the war against Mysore and its allies concluded in 1784 without any territorial changes.
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Banknote
A banknote (often known as a bill, paper money, or simply a note) is a type of negotiable promissory note, made by a bank, payable to the bearer on demand.
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Benjamin Franklin
Benjamin Franklin (April 17, 1790) was an American polymath and one of the Founding Fathers of the United States.
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Bretton Woods system
The Bretton Woods system of monetary management established the rules for commercial and financial relations among the United States, Canada, Western Europe, Australia, and Japan after the 1944 Bretton-Woods Agreement.
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Chicago
Chicago, officially the City of Chicago, is the third most populous city in the United States, after New York City and Los Angeles.
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Circulation (currency)
In monetary economics, circulation is the continuing use of individual units of a currency for transactions.
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Coin
A coin is a small, flat, (usually) round piece of metal or plastic used primarily as a medium of exchange or legal tender.
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Constitutional Convention (United States)
The Constitutional Convention (also known as the Philadelphia Convention, the Federal Convention, or the Grand Convention at Philadelphia) took place from May 25 to September 17, 1787, in the old Pennsylvania State House (later known as Independence Hall because of the adoption of the Declaration of Independence there eleven years before) in Philadelphia.
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Continental Congress
The Continental Congress, also known as the Philadelphia Congress, was a convention of delegates called together from the Thirteen Colonies.
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Contract Clause
The Contracts Clause appears in the United States Constitution, Article I, section 10, clause 1.
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Credit
Credit (from Latin credit, "(he/she/it) believes") is the trust which allows one party to provide money or resources to another party where that second party does not reimburse the first party immediately (thereby generating a debt), but instead promises either to repay or return those resources (or other materials of equal value) at a later date.
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Currency
A currency (from curraunt, "in circulation", from currens, -entis), in the most specific use of the word, refers to money in any form when in actual use or circulation as a medium of exchange, especially circulating banknotes and coins.
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Federal Reserve System
The Federal Reserve System (also known as the Federal Reserve or simply the Fed) is the central banking system of the United States of America.
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Inflation
In economics, inflation is a sustained increase in price level of goods and services in an economy over a period of time.
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Interest
Interest is payment from a borrower or deposit-taking financial institution to a lender or depositor of an amount above repayment of the principal sum (i.e., the amount borrowed), at a particular rate.
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Investment banking
An investment bank is typically a private company that provides various finance-related and other services to individuals, corporations, and governments such as raising financial capital by underwriting or acting as the client's agent in the issuance of securities.
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Legal tender
Legal tender is a medium of payment recognized by a legal system to be valid for meeting a financial obligation.
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Port Clinton, Ohio
Port Clinton is a city in and the county seat of Ottawa County, Ohio, United States, about 44 miles east of Toledo.
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Pound sterling
The pound sterling (symbol: £; ISO code: GBP), commonly known as the pound and less commonly referred to as Sterling, is the official currency of the United Kingdom, Jersey, Guernsey, the Isle of Man, South Georgia and the South Sandwich Islands, the British Antarctic Territory, and Tristan da Cunha.
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Province of Massachusetts Bay
The Province of Massachusetts Bay was a crown colony in British North America and one of the thirteen original states of the United States from 1776.
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Province of New Jersey
The Province of New Jersey was one of the Middle Colonies of Colonial America and became New Jersey, a state of United States in 1783.
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Siege of Louisbourg (1745)
The Siege of Louisbourg took place in 1745 when a New England colonial force aided by a British fleet captured Louisbourg, the capital of the French province of Île-Royale (present-day Cape Breton Island) during the War of the Austrian Succession, known as King George's War in the British colonies.
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United States Constitution
The United States Constitution is the supreme law of the United States.
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United States Department of the Treasury
The Department of the Treasury (USDT) is an executive department and the treasury of the United States federal government.
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United States Note
A United States Note, also known as a Legal Tender Note, is a type of paper money that was issued from 1862 to 1971 in the U.S. Having been current for more than 100 years, they were issued for longer than any other form of U.S. paper money.
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United States ten-dollar bill
The United States ten-dollar bill ($10) is a denomination of U.S. currency.
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References
[1] https://en.wikipedia.org/wiki/Bills_of_credit
