Anchor Event

1789-1790

The New Nation Era
Anchor Event
What Americans Were Trying To Do
What Americans Were Trying To Do

Collect revenue, pay national expenses, and organize federal financial administration.

What Happened
What Happened

Congress created the Treasury Department and relied heavily on customs duties collected at ports. Customs houses turned trade into the early federal government's main revenue base.

How Public Finance Made It Possible
How Public Finance Made It Possible

Administrative finance made federal power real: officers, records, collectors, ports, and accounts converted law into cash.

What This EnabledWhat This Enabled
a national government able to fundbegin restoring credit
How Americans BenefitedHow Americans Benefited
a national government able to fundbegin restoring credit

Tax Project Institute

Get the Newsletter

Sign up to get the newsletter