History
While the public debt of the United States can be traced to the beginning of the nation itself in 1776, Public Debt, as it’s known today, was officially created in 1940. The creation was part of a Treasury reorganization plan where the Public Debt Service was officially designated the Bureau of the Public Debt. Public Debt has had a presence in Parkersburg, WV since 1954, when the city was designated a relocation site for Public Debt in the event of a national emergency. In 1957, Parkersburg became the electronic processing center for savings bonds, and from 1993 to 1996, Public Debt consolidated and transferred the majority of its operations to Parkersburg. Today, over 95% of Public Debt employees work in Parkersburg.
Read more about this topic: Bureau Of The Public Debt
Famous quotes containing the word history:
“The history of a soldier’s wound beguiles the pain of it.”
—Laurence Sterne (1713–1768)
“Social history might be defined negatively as the history of a people with the politics left out.”
—G.M. (George Macaulay)
“No cause is left but the most ancient of all, the one, in fact, that from the beginning of our history has determined the very existence of politics, the cause of freedom versus tyranny.”
—Hannah Arendt (1906–1975)