The Department of the Treasury

The video discusses the historical and modern significance of the US Department of the Treasury. It highlights Alexander Hamilton's role in establishing the Treasury and its impact on the nation's financial stability. The Treasury's modern functions, including managing government accounts and the IRS, are also covered.

Who played a crucial role in managing the United States' debts during the American Revolution?

• George Washington

• Alexander Hamilton

• Thomas Jefferson

• John Adams

What was a major point of contention among the founding fathers regarding the Treasury?

• The location of the national bank

• The power of the Treasury

• The design of the national currency

• The appointment of the Treasury Secretary

What was one of the outcomes of the compromise between the Northern and Southern states?

• The national bank was closed

• The capital was moved to Washington DC

• The Treasury was abolished

• The capital was moved to New York

Which organization is best known for collecting federal taxes in the United States?

• Department of Commerce

• Bureau of Engraving and Printing

• Internal Revenue Service (IRS)

• Federal Reserve

What is one of the modern responsibilities of the U.S. Department of the Treasury?

• Regulating the healthcare system

• Advising on international financial policy

• Managing the national parks

• Overseeing the military