Independent Treasury

Independent Treasury was something for the retaining of government funds in the united states Treasury and their subtreasuries, independently with the national banking and also financial systems. In a form or another, it existed via 1846 to 1921. Although Independent Treasury does restrict the enlargement of credit, furthermore, it posed a new pair of economic problems. Within periods of prosperity, revenue surpluses accumulated inside the Treasury, reducing hard money circulation, tightening credit, and restraining also legitimate expansion connected with trade and production.