“The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people.”
Today in history, the Coinage Act of 1792 was passed. It was the first attempt, under the current Constitution, to establish a coinage system for the United States. The coins were based on a decimal system, championed by Thomas Jefferson and Robert Morris in the...
Today in 1782, the Bank of North America opened. The brainchild of financier Robert Morris, it was the first central bank in the United States. By 1782, the financial situation in the states was catastrophic. During the War of Independence, Congress had issued paper...
