United States Treasury Department founded this day in 1789

Thursday, September 2

The 245th day of the year 120 days left

Today in history

The United States Treasury Department is founded on September 2, 1789.

The institution’s roots can be traced to 1775, when America’s leaders were looking for ways to fund the Revolutionary War. Their solution–issuing cash that doubled as redeemable “bills of credit”– raised enough capital to fuel the revolution, but also le…