Existing comment:
Government Control of Debts
Fifty-five dollar promissory note, 1779
The inscription "Post Nubila Phoebus" ("After rain comes sunshine") is evidence of the uncertainty of when the storm of war would end, and the new United States would pay its debts.
Washington and Hamilton would never forget the disastrous currency situation that confronted them during and after the war. They argued that the nation's credit is integral to its strength and security. |