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State Treasury
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Historical Antecedents and Conceptual Evolution
Early iterations of the State Treasury often took the form of heavily fortified repositories, such as the Aerarium Saturni of the Roman Republic, which managed both state assets and religious endowments. The medieval period saw the rise of specialized clerical officers, such as the Chancellor of the Exchequer, whose primary duty was the meticulous accounting of inflows from feudal levies an… -
Townshend Acts
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The Townshend Acts were a series of British parliamentary measures passed in 1767 and 1768, primarily sponsored by Charles Townshend, the Chancellor of the Exchequer. These acts were intended to raise revenue in the North American colonies to pay the salaries of royal governors and judges, thereby securing their independence from colonial assemblies, and to strength…