Gold Coin Fineness Adjustment
Congress adjusts the fineness of United States gold coins while preserving their statutory value, consolidating the monetary arrangements created by the 1834 reform.
Role range: 1834-1841
Follow Levi Woodbury through 6 dated historical records for United States of America.
A chronological timeline drawn from matching World History Database records.
Congress adjusts the fineness of United States gold coins while preserving their statutory value, consolidating the monetary arrangements created by the 1834 reform.
Role range: 1834-1841
Treasury Secretary Levi Woodbury supported proposals for federal custody of public money outside the commercial banking system.
Proponents of the subtreasury system envisaged government controlled offices and vaults to handle public receipts.
The Treasury Department began implementing arrangements to receive and hold federal revenues through government custodians.
The subtreasury scheme assigned custodial duties to designated public officers who handled federal revenue.
Administration of the Independent Treasury required more direct government control over how federal payments were made.
These dates and descriptions come from the historical_events database. Exact duplicate records have been collapsed. Names are grouped by the country, Name 2 and Name 1 fields; records with missing Name 2 cannot be reliably assigned to an individual biography. Check the underlying sources before formal citation.