subtreasury Synonyms
No Synonyms and anytonyms found
subtreasury Meaning
Wordnet
subtreasury (n)
a subordinate treasury or place of deposit
subtreasury Sentence Examples
- The Subtreasury of the United States was established in 1840 as a depository for government funds.
- The subtreasury system aimed to eliminate the use of banks and ensure the stability of the financial system.
- The Independent Treasury Act of 1840 created the subtreasury system, which required the government to collect and store tax revenues in its own vaults.
- The subtreasury system was opposed by banks and business interests, who feared it would restrict the availability of credit.
- The subtreasury system had a significant impact on the financial markets, making them less dependent on bank lending.
- The subtreasury system lasted for nearly four decades, until it was abolished in 1863 to help fund the Civil War.
- The subtreasury system played a role in the economic crisis of 1837, which led to its creation.
- The subtreasury system was a controversial policy that had both supporters and detractors.
- The subtreasury system was an important part of American fiscal policy in the 19th century.
- The subtreasury system was the forerunner of the Federal Reserve System, which was established in 1913.
FAQs About the word subtreasury
a subordinate treasury or place of deposit
No synonyms found.
No antonyms found.
The Subtreasury of the United States was established in 1840 as a depository for government funds.
The subtreasury system aimed to eliminate the use of banks and ensure the stability of the financial system.
The Independent Treasury Act of 1840 created the subtreasury system, which required the government to collect and store tax revenues in its own vaults.
The subtreasury system was opposed by banks and business interests, who feared it would restrict the availability of credit.
