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The Independent Treasury was the system of using separate vaults to house government funds. This was established by Martin Van Buren's 1840 Divorce Bill.

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9y ago
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6mo ago

One approach to keeping government funds in separate vaults is by implementing a dual custody system. This system requires the presence of at least two authorized individuals to access the vaults and handle the funds. Each individual is responsible for different keys or codes needed to open the vaults, ensuring that no single person has full access to the funds. This helps to minimize the risk of fraud, theft, or mishandling of government funds.

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Q: System of keeping government funds in separate vaults?
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Continue Learning about General History

What was the basis of a new approach to architecture that the Romans employed to build vaults and domes and span great spaces?

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They used vaults, arches, domes which they used to create public buildings!


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Related questions

What was the system of keeping government fund in separate vaults established by Van Buren's Divorce Bill in 1840?

independent treasury


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