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The Secret Service The Secret Service was created in 1865 as a federal law enforcement agency within the Treasury Department. It derives its legal authority from
Secret Service The United States Secret Service began on July 5, 1865 in Washington D.C. to suppress counterfeit currency. Chief William Wood was sworn in by secretary
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it, whether it is the United States' Central Intelligence Agency (CIA) or her Majesty's secret service (MI6), whatever name the government used, the international
Submitted by trprince on March 17, 2005
Category: Miscellaneous
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The Secret Service was created in 1865 as a federal law enforcement agency within the Treasury Department. It derives its legal authority from Title 18, United States Code, Section 3056. It was established for the express purpose of stopping counterfeiting operations which had sprung up in this country following the introduction of paper currency during the Civil War (Treasury, 2002, Online). The Secret Service maintains its role as guardian of the integrity of our currency, but today also investigates crimes involving United States securities, coinage, other government issues, credit and debit card fraud, and electronic funds transfer fraud. The most obvious of its other activities is executive protection, which began after the assassination of President McKinley in 1901(Treasury, 2002, Online).
In the 1800s, America's monetary system was very disorganized. Bills and coins were issued by each state through individual banks, which generated many types of legal currency. With so many different kinds of bills in circulation, it was easy for people to counterfeit money. The Secret Service officially went to work on July 5, 1865. Its first chief was William Wood. Chief Wood, widely known for his heroism during the Civil War, was very successful in his first year, closing more than 200 counterfeiting plants. This success helped prove the value of the Secret Service, and in 1866 the National Headquarters was established in the Department of the Treasury building in Washington, D.C (Treasury, 2002, Online).
During the evening of the same day President Lincoln established the Secret Service, he was assassinated at Ford's Theatre in Washington, D.C., by John Wilkes Booth. The country mourned as news spread that the President had been shot (White House, online). It was the first time in our nation's history that a President had been assassinated and it was the reason that the Congress eventually, after two more presidential...
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