Episode 1 of 1
Organization of the Bank of Pennsylvania
- When
- July 17, 1780
- Where
- Philadelphia, where the bank was organized
Thomas Paine suggested a bank to fund Continental Army provisions; it was organized in Philadelphia on July 17, 1780.
The first Bank of Pennsylvania came into being on July 17, 1780, at the suggestion of Thomas Paine. Its stated purpose was to fund provisions for the Continental Army during the Revolutionary War. The passages describe the institution as organized on that date rather than formally chartered, so the chartering framing of the event title is not confirmed by the supplied evidence.
Sources
- Bank of Pennsylvania Wikipedia, revision of 2026-03-02
Machine-drafted from the cited Wikipedia passages and checked by a reviewing model, not by a human editor. Every passage cites the revision it was written from; dates and places follow those passages.