American Finance

Outlook

Optimistic for global expansion

Technological Threat

Quantum computing to current cryptography

Historical Foundation

Laid by Alexander Hamilton (1790)

Central Banking System

Federal Reserve System

Institutional Interest

Increasing

Driving Factor (Regulatory)

Favorable US regulatory environment

Driving Factor (Technology)

Growth of stablecoins

Core Functions (US Treasury)

Production of coin and currency, disbursement of payments, revenue collection, borrowing funds

Required Technological Shift

Quantum-resistant cryptography

Expected Impact of Stablecoins

Increased demand for US Treasuries

1790-06-20

1913-12-23

Future

Future

Your Guide to America’s Finances Monthly Treasury Statement Daily Treasury Statement How Your Money Is Spent USAspending.gov National Debt National Debt to the Penny Historical Debt Outstanding Monthly Statement of the Public Debt Quarterly Refunding [...] These reports include the Daily Treasury Statement, the Monthly Treasury Statement of Receipts and Outlays of the United States Government, and the Monthly Statement of the Public Debt. ### Financial Report of the U.S. Government The Financial Report of the United States Government provides the President, Congress, and the American people with a comprehensive view of the federal government's finances. ### Debt Limit [...] The Department of the Treasury operates and maintains systems that are critical to the nation's financial infrastructure, such as the production of coin and currency, the disbursement of payments to the American public, revenue collection, and the borrowing of funds necessary to run the federal government.

wartime debt, built strong federal tax capacity based on tariffs and an effective customs service, laid the foundations of public credit, created a national bank, and pro-moted the development of financial markets. These steps gave the federal government tools to carry out a policy of active economic development. Rarely in the history of finance has so much been achieved in so short a time. Building and shaping the nation’s capacity to manage public finances was a profoundly political process. [...] # On the evening of June 20, 1790, James Madison and Alexander Hamilton met at Thomas Jefferson’s home on Maiden Lane, in New York. Over a long dinner, the three struck a historic deal that laid the financial groundwork for the fledgling nation. Madison agreed to have the US federal government take over the states’ Revolutionary War debt; in return, Hamilton agreed to support the move of the nation’s capital to the banks of the Potomac River, a location favorable to Madison’s home state of [...] > Source: eh.net/database; data compiled by Richard E. Sylla, Jack Wilson, and Robert E. Wright. > Note: The left panel, covering the period prior to 1791, includes four different kinds of marketable securities issued by the Continental Congress. The right panel, starting in late 1790, shows prices for Alexander Hamilton’s new 6 percent securities issued in Boston, New York, and Philadelphia.

The Federal Reserve System (often shortened to the Federal Reserve, or simply the Fed) is the central banking system of the United States. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics (particularly the panic of 1907) led to the desire for central control of the monetary system in order to alleviate financial crises.( Although an instrument of the U.S. government, the Federal Reserve System considers itself "an independent [...] deposits and outgoing government payments are handled. As part of this service relationship, the Fed sells and redeems U.S. government securities such as savings bonds and Treasury bills, notes and bonds. It also issues the nation's coin and paper currency. The U.S. Treasury, through its Bureau of the Mint and Bureau of Engraving and Printing, actually produces the nation's cash supply and, in effect, sells the paper currency to the Federal Reserve Banks at manufacturing cost, and the coins at [...] > Agrarian and progressive interests, led by William Jennings Bryan, favored a central bank under public, rather than banker, control. However, the vast majority of the nation's bankers, concerned about government intervention in the banking business, opposed a central bank structure directed by political appointees. The legislation that Congress ultimately adopted in 1913 reflected a hard-fought battle to balance these two competing views and created the hybrid public-private,

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