The Treasury Story pt1-2 1969 United States Department of the Treasury
more at
http://money.quickfound.net/
"Gives historical account of establishment.
Alexander Hamilton was the first Sec. of
Treasury. It was divided into six bureaus:
Bureau of
Mint,
Bureau of Engraving and Printing,
Internal Revenue Service,
Bureau of Customs,
Bureau of Public Debt, Bureau of Accounts."
Public domain film from the
National Archives, slightly cropped to remove uneven edges, with the aspect ratio corrected, and mild video noise reduction applied.
The soundtrack was also processed with volume normalization, noise reduction, clipping reduction, and equalization (the resulting sound, though not perfect, is far less noisy than the original).
Split with MKVmerge
GUI (part of MKVToolNix), the same software can recombine the downloaded parts (in mp4 format): http://www.bunkus.org/videotools/mkvtoolnix/doc/mkvmerge-gui
.html
part 2: http://youtu.be/Os5aTgc_CEI
http://en.wikipedia.org/wiki/United_States_Department_of_the_Treasury
The Department of the Treasury is an executive department and the treasury of the
United States federal government. It was established by an
Act of Congress in 1789 to manage government revenue. The Department is administered by the
Secretary of the Treasury, who is a member of the
Cabinet.
The first Secretary of the Treasury was Alexander Hamilton, who was sworn into office on
September 11, 1789.
Hamilton was asked by
President George Washington to serve after first having asked
Robert Morris (who declined, recommending Hamilton instead). Hamilton almost single-handedly worked out the nation's early financial system, and for several years was a major presence in
Washington's administration as well. His portrait is on the obverse of the
U.S. ten-dollar bill while the
Treasury Department building is shown on the reverse.
Besides the
Secretary, one of the best-known Treasury officials is the
Treasurer of the United States whose signature, along with the
Treasury Secretary's, appears on all
Federal Reserve notes.
The Treasury prints and mints all paper currency and coins in circulation through the Bureau of Engraving and Printing and the
United States Mint. The Department also collects all federal taxes through the Internal Revenue Service, and manages
U.S. government debt instruments, with the major exception of the
Federal Reserve System.
The U.S. Treasury is an entirely separate entity from the Federal Reserve System, the central banking system of the
United States.
The Federal Reserve is independent within the government, and its
Board of Governors (including its chairman and vice-chairman) are chosen by the
President and confirmed by the
Senate.
Monetary policy decisions of the Federal Reserve System, in distinction to the Treasury's decisions, "do not have to be approved by the President or anyone else in the executive or legislative branches of government
..."
http://en.wikipedia.org/wiki/Alexander_Hamilton
President George Washington appointed Hamilton as the first United States Secretary of the Treasury on September 11, 1789. He left office on the last day of January 1795. Much of the structure of the government of the United States was worked out in those five years, beginning with the structure and
function of the cabinet itself.
Forrest McDonald argues that Hamilton saw his office, like that of the
British First Lord of the Treasury, as the equivalent of a
Prime Minister; Hamilton would oversee his colleagues under the elective reign of
George Washington.
Washington did request
Hamilton's advice and assistance on matters outside the purview of the Treasury Department
.
In the next two years, Hamilton submitted five reports:
-
First Report on the
Public Credit: Communicated to the
House of Representatives,
January 14, 1790.
- Operations of the Act Laying Duties on Imports: Communicated to the House of Representatives, April 23, 1790.
-
Second Report on Public Credit --
Report on a National Bank. Communicated to the House of Representatives,
December 14, 1790.
-
Report on the
Establishment of a Mint: Communicated to the House of Representatives,
January 28, 1791.
-
Report on Manufactures: Communicated to the House of Representatives,
December 5, 1791...