06/22/2026
On June 22, 1775, Congress approved the issuance of $2 million in Continental currency to support the Revolutionary War, the first widely used paper money in the United States. Severe inflation later eroded confidence, and the U.S. did not issue new national paper currency again until the Civil War era.
On June 22, 1775, Congress authorizes the issue of $2 million in bills of credit. By the spring of 1775, colonial lea...