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The Navigation of Act 1673
It allowed officials to collect duties in colonial ports to collect duties. -
First Government Money Issued
The Massachusetts Colony issued the first government authorized paper money in the western world. -
Treasury Department Organized
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. -
Alexander Hamilton becomes 1st Secretary
Alexander Hamilton took the oath of office as the 1st Secretary of the Treasury. -
First Securities
Congress authorized the first U.S. Government securities. -
The Bank of the United States is chartered
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. -
Bank Closes
The Bank of United States closes permanently -
Second Bank of the United States approved
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Panic of 1837
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. -
Greenbacks
The first two issues of paper money called Greenbacks, developed to prevent counterfeiting, were made legal tender. -
National Currency Act
The National Currency Act, creating Federally-chartered banks, was introduced in the Senate by John Sherman, the 32nd Secretary of the Treasury -
Financial Panic
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. -
Sherman Anti-Trust Law
1890/07/01 -- The Sherman Anti-Trust Act became law, enacted on the 14th -
Federal Reserve Act of 1913
Established a new system of banking which was flexible and adaptable -
The Budget and Accounting Act of 1921
The Budget and Accounting Act of 1921 established the Bureau of the Budget in the Treasury Department. -
Stock Market Crash
The stock market crashes as millions of shares change hands and billions of dollars in value are lost. Start of the Great Depression -
Bank Holiday
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 -
Ability to buy Gold
For the first time since 1933, Americans were allowed to buy gold and gold coins -
Termination of the Office of Revenue Sharing
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Fire at Treasury
The north wing of the Main Treasury Building was severely damaged by fire. -
Terrorist Attack
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. -
2008 Financial Crisis
Financial Crisis begins causing unemployment, stocks to drop, ad the real estate market to absolutely crash -
National Banking Act of 1864
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.
