[2] Various boards and committees were formed from June 3, 1775, on to handle financial matters for the provisional government of the United States, the Continental Congress.

But, as early as 1776, dissatisfaction with this system led Robert Morris, in a message to a Committee of Secret Correspondence, to argue for the use of executives.

[3] Given the terrible state of the economy, Congress gave him a huge grant of powers and agreed to Morris's demand to allow him to continue his private business activities.

[1] The Bank of North America was chartered in December 1781 by the Congress of the Confederation and opened on January 7, 1782, at the prodding of Robert Morris.

[citation needed] In 1782, Gouverneur Morris initiated the decimal coinage idea while coining the word "cent" that later became standard for the country's currency.