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Initially, the Independent Treasury was opposed by the families and private interests who founded the First and Second (central) Banks of the United States, who lost their charter by 1833, subsequent to the election of Andrew Jackson. Later on, the Independent Treasury was opposed by powerful militarists during the Civil War, when the supply of specie was inadequate to fund the costs of the war.
What else can I help you with?
The Farmer from Pennsylvania's writing was provoked primarily by what act?
the townshed
What was Patrick Henry's stamp act resolves?
He was expressing his opposition to the Stamp Act.
Who is the US Mint agency under?
The Mint was made an independent agency in 1799. Under the Coinage Act of 1873, the Mint became part of the Department of the Treasury. It was placed under the auspices of the Treasurer of the United States in 1981.
How colonists showed opposition in townshend act 1767?
boycott
What acts were passed to silence opposition to the war?
The answer is sedition act
Opposition to what act provoked the first great drama of the Revolutionary era and the first major split between colonists and Great Britain over the meaning of freedom?
The Stamp Act
The farmer from Pennsylvania is writing was provoked primarly by which act of parliament?
The Townshend Duty Act
Independent treasury act?
The Act was passed in 1840 and took the federal government out of the nation's banking system. It established federal depositories for public funds instead of keeping the money in national or state (pet) banks. President Martin Van Buren proposed the Act in 1837, partly in response to the panic of 1837 which had caused many people to lose their money during that period as well as public funds being lost. Under the Act, bank notes were phased out for payments to and from the government and only hard money was to be accepted--coin gold or silver. Sub treasuries were created for federal funds in several major cities, like Boston, New York, and Philadelphia. Wikipedia has an article on the Independent Treasury Act.
The Farmer from Pennsylvania's writing was provoked primarily by what act?
the townshed
How did James Polk restore the treasury?
James K. Polk restored the treasury by implementing a system of independent treasury, which separated the government's finances from private banks. In 1846, he established the Independent Treasury Act, allowing the government to manage its own funds and hold them in federal vaults. This system aimed to stabilize the economy and reduce reliance on state and private banks. Polk's fiscal policies helped to eliminate the deficit and contribute to a more stable financial environment during his presidency.
Which statement about the federal reserve system is true a its chairman is the secretary of the treasury b it is run by a board that is independent of political parties c its le?
it was created by the National Banking Act of 1863
What day count convention is used for US Treasury bonds?
act/act
This act gave the treasury department the right to investigate all banks-?
The Emergency Banking Relief Act gave the treasury department the right to investigate all the banks.
Which category of murder occurs when the victim provoked the offender to act violently?
Voluntary Manslaughter
What opposition to which act turned into a general boycott against the British?
stamp act
What was Patrick Henry's stamp act resolves?
He was expressing his opposition to the Stamp Act.
When was department of treasury founded?
It was established by an Act of Congress in 1789.
