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It allowed officials to collect duties in colonial ports to collect duties.
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The Massachusetts Colony issued the first government authorized paper money in the western world.
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The Continental Congress provided for a standing committee of five to superintend the Treasury Department. The Committee was referred to by various names, including Board of Treasury and Treasury Office of Accounts.
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Alexander Hamilton took the oath of office as the 1st Secretary of the Treasury.
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Congress authorized the first U.S. Government securities.
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The first president of was Navy Captain William Jones, who had no banking experience and who had just gone personally bankrupt, he is often blamed for the Panic of 1819.
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The Bank of United States closes permanently
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The Panic of 1837 began, and New York banks suspended specie payments. This began the second worst depression (1837 to 1843) in United States history.
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The first two issues of paper money called Greenbacks, developed to prevent counterfeiting, were made legal tender.
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The National Currency Act, creating Federally-chartered banks, was introduced in the Senate by John Sherman, the 32nd Secretary of the Treasury
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The Grant administration put four million dollars in gold on the market, the price falls in fifteen minutes from one hundred and sixty two dollars to one hundred and thirty three dollars and many investors are ruined.
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1890/07/01 -- The Sherman Anti-Trust Act became law, enacted on the 14th
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Established a new system of banking which was flexible and adaptable
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The Budget and Accounting Act of 1921 established the Bureau of the Budget in the Treasury Department.
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The stock market crashes as millions of shares change hands and billions of dollars in value are lost. Start of the Great Depression
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President Roosevelt declared a bank holiday to close the banks and solve the problems that have occurred inside the bank. This was to save what remained in the bank and return the trust
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For the first time since 1933, Americans were allowed to buy gold and gold coins
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The north wing of the Main Treasury Building was severely damaged by fire.
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Terrorist Attack occurs hitting the Twin Tours, Pentagon, and other attempts that failed to carry out. With many lives lost, America struggles to stand back up and resume with life.
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Financial Crisis begins causing unemployment, stocks to drop, ad the real estate market to absolutely crash
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After the civil war, inflation was overwhelming. This caused national bank notes and the state banks die out. This created a unity of bank notes.
