Martin Van Buren's plan to develop an independent financial system to avoid the federal government's dependence on banks was known as

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Martin Van Buren's plan to develop an independent financial system was known as the independent treasury. This plan sought to keep the federal government's funds separate from private banks and established a system of sub-treasuries to contain federal funds. The goal was to avoid the government's dependence on banks, especially after the Bank of the United States was not rechartered in 1836.

Martin Van Buren's Plan to Develop an Independent Financial System