Continental currency ceases to be issued after…
May 1781 CE
The United States government recalls its currency to counteract Britain’s undermining of its monetary value through the dumping of counterfeit money in America.
Earlier, on April 30, 1781, Alexander Hamilton had sent Morris a letter.
First, Hamilton revealed that he had recommended Morris for the position the previous summer when the constitution of the executive was being solidified.
Second, he proceeded to lay out a proposal for a National Bank.
Morris, who had corresponded with Hamilton previously (1780) on the subject of funding the war, immediately drafts a legislative proposal based on Hamilton's suggestion and submits it to the Congress three days after becoming Superintendent of Finance.