ARP325 Threat of Peace

American Revolution Podcast

Michael Troy

Education, History

4.6 • 938 Ratings

🗓️ 1 September 2024

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Continental Congress struggles in late 1782 and early 1783 to find a way to pay the army and its creditors for the cost of the war. It's inability to levy taxes, or convince the states to pay, results in a financial crisis. Superintendent of Finance Robert Morris, announces his retirement. Word of the Treaty of Paris forces Congress to act. Blog https://blog.AmRevPodcast.com includes a complete transcript, as well as pictures, and links related to this week's episode. Book Recommendation of the Week: A Crisis of Peace: George Washington, the Newburgh Conspiracy, and the Fate of the American Revolution, by David Head. Online Recommendation of the Week: Robert Morris and Reporting for the Treasury Under the U.S. Continental Congress: http://www.jstor.org/stable/40698202 Join American Revolution Podcast on Reddit: https://www.reddit.com/r/AmRevPodcast Ask your American Revolution Podcast questions on Quora: https://amrevpod.quora.com Join the Facebook group, American Revolution Podcast: https://www.facebook.com/groups/132651894048271 Follow the podcast on Twitter @AmRevPodcast Join the podcast mail list: https://mailchi.mp/d3445a9cd244/american-revolution-podcast-by-michael-troy ARP T-shirts and other merch: http://tee.pub/lic/AmRevPodcast Support this podcast on Patreon https://www.patreon.com/AmRevPodcast or via PayPal http://paypal.me/AmRevPodcast Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	You're listening to an Airwave Media Podcast.
0:05.0	BAM, picture this. You're watching your favorite artist play.
0:08.0	Not that artist.
0:10.0	Ha ha, yeah, that's you. You look down at the red can in your hand, or is it? No, is the Pepsi Max?
0:18.0	The COLA over 70% of the UK prefer. You props prefer it too. Go on, try it!
0:23.4	Pepsi Max, first for more.
0:27.0	UK Blind Taste Test with over 54,000 people versus UK's biggest selling full sugar cola.
0:32.1	For verification go to Pepsi.
0:33.4	Go to pepsy.co. UK slash FAQ. Hello and thank you for joining the American Revolution.
0:49.8	This week episode 325, the threat of peace.
0:54.1	Last time we covered the struggles of the Continental Army
0:56.9	in late 1782 and early 1783
1:00.0	to deal with the fact that the war was coming to an end and that Congress seemed inclined
1:04.0	to break every promise it had made to the officers and men who had sacrificed so much to end
1:10.0	this war.
1:11.6	Washington had to snuff out a potential mutiny by the officers at Newburgh, New York.
1:16.6	This week we're going to take a look at that same crisis from Congress's point of view.
1:21.3	Now of course a big part of the problem was that Congress was broke. This
1:24.7	was nothing new. Congress had financed the first few years of the war based on printing
1:29.8	paper promissory notes that would somehow be reimbursed later. Those reimbursements never came and Congress just needed more and more money to fund the war.
1:39.0	By 1779 that paper money, the Continental Dollar, was worthless and Congress couldn't even issue
1:45.1	anymore. By 1780 most of its money was coming from French loans and a handful of other European loans.
	...

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