4 ms·
One if their main duties is to go after counterfeiting of the currency. In fact it's what they were founded to do https://www.secretservice.gov/about/history h
by fedreserved 5y ago
One if their main duties is to go after counterfeiting of the currency. In fact it's what they were founded to do
https://www.secretservice.gov/about/history https://www.secretservice.gov/about/history
We are one of America’s oldest federal law enforcement agencies, originally created in 1865 to stamp out rampant counterfeiting in order to stabilize America's young financial system. By the end of the Civil War, nearly one-third of all currency in circulation was counterfeit. As a result, the country’s financial stability was in jeopardy. To address this concern, the Secret Service was established in 1865 as a bureau in the Treasury Department to suppress widespread counterfeiting.
- GravitasFailure 5y agoAnother bit of trivia: Lincoln signed the bill creating the secret service on the day of his assassination, which is why the Treasury is tasked with executive protection.
- snowwrestler 5y agoWell, they were. Secret Service moved from Treasury to DHS after 9/11.
- JohnJamesRambo 5y agoWill you ever address this counterfeiting? https://fred.stlouisfed.org/series/M2SL https://fred.stlouisfed.org/series/M2SL