Letters 1778-1779

  • June 27: Congress adjourns to return to Philadelphia
  • July 2: Congress reconvenes in Philadelphia, first at College Hall, then at the State House

1779 Letters of Cornelius Harnett

“The paper currency issued by the Continental Congress continued to sink precipitously in value, as inflation undercut the patriotic cause. During one ghastly period in 1779, the continental dollar shed half its value in three weeks. Silver coins disappeared, driven out by nearly worthless paper money, and the state governments were also going broke (Chernow 137).