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Robert Morris: The Indispensable Financier of the American Revolution

Andy Cole

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Humble Beginnings and Rising Star

Portrait Of Robert Morris Robert Morris: Financier Of The American Revolution

Robert Morris: Financier of the American Revolution

by Charles Rappleye

4.6 out of 5

Language	:	English
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Print length	:	645 pages

Robert Morris was born in Liverpool, England, in 1734. His family emigrated to Maryland when he was young, and he began his career as an apprentice merchant in Philadelphia. By the time the American Revolution dawned, Morris had risen to prominence as a successful merchant and shipbuilder.

Financial Wizardry in the Revolutionary Era

As the colonies clamored for independence, Morris's financial expertise became invaluable to the Continental Congress. With the Continental Army facing dire financial straits, Morris devised innovative fundraising schemes to supply troops, secure loans, and stabilize the economy.

In 1781, he established the Bank of North America, the nation's first commercial bank, which played a crucial role in issuing paper currency and providing a much-needed source of funding for the war effort.

The Unwavering Patriot

Throughout the war, Morris remained steadfast in his support for American independence, despite facing enormous personal risks and setbacks. He risked his own fortune to finance the war and actively lobbied foreign governments for financial assistance.

His unwavering determination and financial acumen earned him the title of "Financier of the American Revolution."

Behind the Scenes at Independence Hall

Morris was an influential figure in the Continental Congress, where he served on numerous committees and played a key role in drafting the Declaration of Independence. He was also instrumental in securing the foreign loans that proved essential for the colonies' victory.

Legacy and Impact

After the war, Morris served as the first Superintendent of Finance under the Articles of Confederation. He continued to advocate for sound economic policies and helped establish the financial foundations of the newly independent nation.

Robert Morris's legacy as the "Financier of the American Revolution" remains unparalleled. His financial acumen, political savvy, and unwavering patriotism were instrumental in securing the colonies' financial footing during a time of great uncertainty.

Today, his portrait graces the front of the United States $10 bill, a testament to the lasting impact of this extraordinary man.

Robert Morris: Financier of the American Revolution

by Charles Rappleye

4.6 out of 5