Bookcover of Independent Treasury
Booktitle:

Independent Treasury

Betascript Publishing (2010-07-05 )

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ISBN-13:

978-613-0-44008-4

ISBN-10:
6130440081
EAN:
9786130440084
Book language:
English
Blurb/Shorttext:
Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. The Independent Treasury was a system for the retaining of government funds in the United States Treasury and its subtreasuries, independently of the national banking and financial systems. In one form or another, it existed from 1846 to 1921. After President Andrew Jackson vetoed the bill to recharter the Bank of the United States, he transferred (1833) government funds from the bank to state banks (the “pet banks”). Those banks, however, used the funds as a basis for speculation, which was already rampant and was soon to be further increased by the distribution of the federal surplus among the states.
Publishing house:
Betascript Publishing
Website:
https://www.betascript-publishing.com/
Edited by:
Lambert M. Surhone, Miriam T. Timpledon, Susan F. Marseken
Number of pages:
196
Published on:
2010-07-05
Stock:
Available
Category:
Political system
Price:
54.00 €
Keywords:
United States Treasury, Andrew Jackson, Specie Circular, Panic of 1837

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