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Independent Treasury Act of 1846
URI:
https://gptkb.org/entity/Independent_Treasury_Act_of_1846
GPTKB entity
Statements (22)
Predicate
Object
gptkbp:instanceOf
gptkb:United_States_federal_law
gptkbp:abolished
use of state banks as depositories
gptkbp:alsoKnownAs
gptkb:Subtreasury_System
gptkbp:dateEnacted
August 6, 1846
gptkbp:effect
separated federal government finances from private banks
gptkbp:enactedBy
gptkb:United_States_Congress
gptkbp:historicalSignificance
foundation for modern U.S. Treasury operations
https://www.w3.org/2000/01/rdf-schema#label
Independent Treasury Act of 1846
gptkbp:location
gptkb:United_States
gptkbp:precededBy
Independent Treasury Act of 1840
gptkbp:purpose
establish an independent treasury system
gptkbp:relatedTo
gptkb:Specie_Circular
gptkb:Second_Bank_of_the_United_States
gptkb:Panic_of_1837
gptkbp:repealedBy
no
gptkbp:replacedBy
gptkb:Deposit_Act_of_1836
gptkbp:requires
all payments to and from the government to be made in gold and silver
gptkbp:restored
gptkb:Independent_Treasury_System
gptkbp:signedBy
gptkb:James_K._Polk
gptkbp:bfsParent
gptkb:Independent_Treasury_System
gptkb:Subtreasury_System
gptkbp:bfsLayer
7