United States Department of the Treasury

The United States Department of the Treasury is a Cabinet department, a treasury, of the United States government established by an Act of U.S. Congress in 1789 to manage the revenue of the United States government.

History

The Office of the Treasurer is the only office in the Treasury Department that is older than the Department itself. It is an office that was originally created by the Continental Congress in 1775. The Department of the Treasury was created by an Act of Congress passed on September 2, 1789:

Related Topics:
Continental Congress - 1775 - September 2 - 1789

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:And be it...enacted, That it shall be the duty of the Secretary of the Treasury to digest and prepare plans for the improvement and management of the revenue, and for the support of public credit; to prepare and report estimates of the public revenue, and the public expenditures; to superintend the collection of revenue; to decide on the forms of keeping and stating accounts and making returns, and to grant under the limitations herein established, or to be hereafter provided, all warrants for monies to be issued from the Treasury, in pursuance of appropriations by law; to execute such services relative to the sale of the lands belonging to the United States, as may be by law required of him; to make report, and give information to either branch of the legislature, in person or in writing (as he may be required), respecting all matters referred to him by the Senate or House of Representatives, or which shall appertain to his office; and generally to perform all such services relative to the finances, as he shall be directed to perform. http://www.ustreas.gov/education/fact-sheets/history/act-congress.html

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Alexander Hamilton was sworn in as the first Secretary of the Treasury on September 11, 1789. The Treasury Building is on the back of the U.S. $10 bill, the same bill with Alexander Hamilton's portrait.

Related Topics:
Alexander Hamilton - September 11 - 1789 - $10 bill

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