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This Week in History | 6/22/2020 – 6/25/2020

22 June 1775 – Just as Colonial Leaders began to lead troops into battle during the Revolutionary War they encountered a problem, they had no money to fund a war. Several European countries supported the Patriots early on with loans, but debt was quickly growing. As a result the Continental Congress authorized the printing of some $2-3 million bills of credit. With no legitimate backing for value the bills worth quickly skyrocketed with inflation. The phrase “not worth a Continental” quickly came about and America would resist changing back to paper currency till the Civil War. A recent study estimated that the war cost the newly born US around the equivalent of $2.4 billion in todays dollars.

22 June 1942 – The Imperial Japanese submarine I-25 fired 17 rounds from their 14 cm deck gun at Ft. Stevens, on the west coast of the US mainland. The Civil War era fort sat along the mouth of the Columbia River in Oregon. The short shelling caused little damage to the surrounding area, with no rounds damaging the fort. The submarine would evade responding American aircraft after the attack. After escaping the I-25 would resume operations across the Pacific Ocean, finally being sank in September 1943. This attack along with others would only increase American support for the Internment of Japanese people living in America.

25 June 1950 – The Korean War begins. On this morning North Korean forces would cross the 38th Parallel, separating North & South Korea, under supporting artillery fire. Their combined arms force would rout the South Korean defenders in the area and they would quickly over run the length of the 38th Parallel. On 27 June the UN would approve a resolution put forth by the US calling for a armed intervention to repel the communist invasion. President Truman ordered air and naval forces to the peninsula to aid South Korea that day. 

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