U.S. Federal Government Debt and Bond Market, 1790–1914

1. Congress creates the U.S. Treasury Department

   Sep 2, 1789Labels: U S

   • FJC
   • CBP History

2. Hamilton delivers First Report on Public Credit

   Jan 9, 1790Labels: Alexander Hamilton

   • Library Congress
   • Mount Vernon

3. Funding Act establishes federal debt funding system

   Aug 4, 1790Labels: Funding Act

   • Britannica
   • Wikipedia

4. First Bank of the United States is chartered

   Feb 25, 1791Labels: First Bank

   • Britannica
   • Wikipedia

5. Panic of 1792 tests early U.S. debt markets

   Mar 1, 1792Labels: Panic of

   • Wikipedia
   • JSTOR

6. Coinage Act establishes the U.S. Mint

   Apr 2, 1792Labels: Coinage Act

   • U S Mint
   • Wikipedia

7. Buttonwood Agreement organizes New York securities trading

   May 17, 1792Labels: Buttonwood Agreement

   • Wikipedia
   • CNBC

8. Second Bank of the United States is chartered

   Feb 8, 1816Labels: Second Bank

   • Fed History
   • Wikipedia

9. Second Bank’s federal charter expires

   Jan 8, 1836Labels: Second Bank

   • Britannica
   • Fed History

10. Legal Tender Act authorizes “greenbacks” during Civil War

    Feb 25, 1862Labels: Legal Tender

    • Capitol Visitor
    • Britannica

11. National Bank Act ties banknotes to U.S. bonds

    Jun 3, 1864Labels: National Bank

    • Cornell LII
    • Britannica

12. Treasury funding in 1895 relies on Morgan–Belmont syndicate

    Feb 8, 1895Labels: Morgan Belmont

    • State Dept
    • Wikipedia

13. Gold Standard Act defines dollar in gold

    Mar 14, 1900Labels: Gold Standard

    • Wikipedia
    • Britannica

14. Aldrich–Vreeland Act creates National Monetary Commission

    May 30, 1908Labels: Aldrich Vreeland

    • Fed History
    • Wikipedia

15. Federal Reserve Act establishes U.S. central banking system

    Dec 23, 1913Labels: Federal Reserve

    • Fed History
    • NY Fed