The Department of the Treasury is an official division and the treasury of the central government of the United States . Set up by an Act of Congress in the year 1789 to oversee the revenue of the government, the Treasury issues all paper currency and mints all currencies available for use by the Bureau of Engraving and Printing and the United States Mint, individually. It collects all bureaucratic assessments through the Internal Revenue Service; licenses and manages banks and frugality establishments; oversees U.S. government obligation instruments; and prompts the administrative and official branches on issues of monetary policy.
Having failed in the north, the British turned their attention to the south. They hoped to inspire Loyalist support among dissatisfied Americans — a hope that was never realized. Fighting continued. The threat of French naval participation kept the British uneasy.
