George Washington was an American political leader, military general and Founding Father who served as the first president of the United States from 1789 to 1797. He led Patriot forces to victory in the nation's War of Independence, he presided at the Constitutional Convention of 1787 which established the new federal government, he has been called the "Father of His Country" for his manifold leadership in the formative days of the new nation. Washington received his initial military training and command with the Virginia Regiment during the French and Indian War, he was elected to the Virginia House of Burgesses and was named a delegate to the Continental Congress, where he was appointed Commanding General of the nation's Continental Army. Washington allied with France, in the defeat of the British at Yorktown. Once victory for the United States was in hand in 1783, Washington resigned his commission. Washington played a key role in the adoption and ratification of the Constitution and was elected president by the Electoral College in the first two elections.
He implemented a strong, well-financed national government while remaining impartial in a fierce rivalry between cabinet members Thomas Jefferson and Alexander Hamilton. During the French Revolution, he proclaimed a policy of neutrality while sanctioning the Jay Treaty, he set enduring precedents for the office of president, including the title "President of the United States", his Farewell Address is regarded as a pre-eminent statement on republicanism. Washington utilized slave labor and trading African American slaves, but he became troubled with the institution of slavery and freed them in his 1799 will, he was a member of the Anglican Church and the Freemasons, he urged tolerance for all religions in his roles as general and president. Upon his death, he was eulogized as "first in war, first in peace, first in the hearts of his countrymen." He has been memorialized by monuments, geographical locations and currency, many scholars and polls rank him among the top American presidents. Washington's great-grandfather John Washington immigrated in 1656 from Sulgrave, England to the British Colony of Virginia where he accumulated 5,000 acres of land, including Little Hunting Creek on the Potomac River.
George Washington was born February 22, 1732 at Popes Creek in Westmoreland County and was the first of six children of Augustine and Mary Ball Washington. His father was a justice of the peace and a prominent public figure who had three additional children from his first marriage to Jane Butler; the family moved to Little Hunting Creek to Ferry Farm near Fredericksburg, Virginia. When Augustine died in 1743, Washington inherited ten slaves. Washington did not have the formal education that his older brothers received at Appleby Grammar School in England, but he did learn mathematics and surveying, he was talented in draftsmanship and map-making. By early adulthood, he was writing with "considerable force" and "precision."Washington visited Mount Vernon and Belvoir, the plantation that belonged to Lawrence's father-in-law William Fairfax, which fueled ambition for the lifestyle of the planter aristocracy. Fairfax became Washington's patron and surrogate father, Washington spent a month in 1748 with a team surveying Fairfax's Shenandoah Valley property.
He received a surveyor's license the following year from the College of Mary. He resigned from the job in 1750 and had bought 1,500 acres in the Valley, he owned 2,315 acres by 1752. In 1751, Washington made his only trip abroad when he accompanied Lawrence to Barbados, hoping that the climate would cure his brother's tuberculosis. Washington contracted smallpox during that trip, which immunized him but left his face scarred. Lawrence died in 1752, Washington leased Mount Vernon from his widow. Lawrence's service as adjutant general of the Virginia militia inspired Washington to seek a commission, Virginia's Lieutenant Governor Robert Dinwiddie appointed him as a major in December 1752 and as commander of one of the four militia districts; the British and French were competing for control of the Ohio Valley at the time, the British building forts along the Ohio River and the French doing between Lake Erie and the Ohio River. In October 1753, Dinwiddie appointed Washington as a special envoy to demand that the French vacate territory which the British had claimed.
Dinwiddie appointed him to make peace with the Iroquois Confederacy and to gather intelligence about the French forces. Washington met with Half-King Tanacharison and other Iroquois chiefs at Logstown to secure their promise of support against the French, his party reached the Ohio River in November, they were intercepted by a French patrol and escorted to Fort Le Boeuf where Washington was received in a friendly manner. He delivered the British demand to vacate to French commander Saint-Pierre, but the French refused to leave. Saint-Pierre gave Washington his official answer in a sealed envelope after a few days' delay, he gave Washington's party food and extra winter clothing for the trip back to Virginia. Washington completed the precarious mission in 77 days in difficult winter conditions and achieved a measure of distinction when his report was published in Virginia and London. In February 1754, Dinwiddie promoted Washington to lieutenant colonel and second-in-command of the 300-strong Virginia R
Massachusetts the Commonwealth of Massachusetts, is the most populous state in the New England region of the northeastern United States. It borders on the Atlantic Ocean to the east, the states of Connecticut and Rhode Island to the south, New Hampshire and Vermont to the north, New York to the west; the state is named after the Massachusett tribe, which once inhabited the east side of the area, is one of the original thirteen states. The capital of Massachusetts is Boston, the most populous city in New England. Over 80% of Massachusetts's population lives in the Greater Boston metropolitan area, a region influential upon American history and industry. Dependent on agriculture and trade, Massachusetts was transformed into a manufacturing center during the Industrial Revolution. During the 20th century, Massachusetts's economy shifted from manufacturing to services. Modern Massachusetts is a global leader in biotechnology, higher education and maritime trade. Plymouth was the site of the second colony in New England after Popham Colony in 1607 in what is now Maine.
Plymouth was founded in 1620 by passengers of the Mayflower. In 1692, the town of Salem and surrounding areas experienced one of America's most infamous cases of mass hysteria, the Salem witch trials. In 1777, General Henry Knox founded the Springfield Armory, which during the Industrial Revolution catalyzed numerous important technological advances, including interchangeable parts. In 1786, Shays' Rebellion, a populist revolt led by disaffected American Revolutionary War veterans, influenced the United States Constitutional Convention. In the 18th century, the Protestant First Great Awakening, which swept the Atlantic World, originated from the pulpit of Northampton preacher Jonathan Edwards. In the late 18th century, Boston became known as the "Cradle of Liberty" for the agitation there that led to the American Revolution; the entire Commonwealth of Massachusetts has played a powerful commercial and cultural role in the history of the United States. Before the American Civil War, Massachusetts was a center for the abolitionist and transcendentalist movements.
In the late 19th century, the sports of basketball and volleyball were invented in the western Massachusetts cities of Springfield and Holyoke, respectively. In 2004, Massachusetts became the first U. S. state to recognize same-sex marriage as a result of the decision in Goodridge v. Department of Public Health by the Massachusetts Supreme Judicial Court. Many prominent American political dynasties have hailed from the state, including the Adams and Kennedy families. Harvard University in Cambridge is the oldest institution of higher learning in the United States, with the largest financial endowment of any university, Harvard Law School has educated a contemporaneous majority of Justices of the Supreme Court of the United States. Kendall Square in Cambridge has been called "the most innovative square mile on the planet", in reference to the high concentration of entrepreneurial start-ups and quality of innovation which have emerged in the vicinity of the square since 2010. Both Harvard University and the Massachusetts Institute of Technology in Cambridge, have been ranked among the most regarded academic institutions in the world.
Massachusetts' public-school students place among the top tier in the world in academic performance, the state has been ranked as one of the top states in the United States for citizens to live in, as well as one of the most expensive. The Massachusetts Bay Colony was named after the indigenous population, the Massachusett derived from a Wôpanâak word muswach8sut, segmented as mus "big" + wach8 "mountain" + -s "diminutive" + -ut "locative", it has been translated as "near the great hill", "by the blue hills", "at the little big hill", or "at the range of hills", referring to the Blue Hills, or in particular the Great Blue Hill, located on the boundary of Milton and Canton. Alternatively, Massachusett has been represented as Moswetuset—from the name of the Moswetuset Hummock in Quincy, where Plymouth Colony commander Myles Standish, hired English military officer, Squanto, part of the now disappeared Patuxet band of the Wampanoag peoples, met Chief Chickatawbut in 1621; the official name of the state is the "Commonwealth of Massachusetts".
While this designation is part of the state's official name, it has no practical implications. Massachusetts has powers within the United States as other states, it may have been chosen by John Adams for the second draft of the Massachusetts Constitution because unlike the word "state", "commonwealth" at the time had the connotation of a republic, in contrast to the monarchy the former American colonies were fighting against. Massachusetts was inhabited by tribes of the Algonquian language family such as the Wampanoag, Nipmuc, Pocomtuc and Massachusett. While cultivation of crops like squash and corn supplemented their diets, these tribes were dependent on hunting and fishing for most of their food. Villages consisted of lodges called wigwams as well as longhouses, tribes were led by male or female elders known as sachems. In the early 1600s, after contact had been made with Europeans, large numbers of the indigenous peoples in the northeast of what is now the United States were killed by virgin soil epidemics such as smallpox, measles and leptospirosis.
Between 1617 and 1619, smallpox killed ap
The Democratic-Republican Party was an American political party formed by Thomas Jefferson and James Madison around 1792 to oppose the centralizing policies of the new Federalist Party run by Alexander Hamilton, Secretary of the Treasury and chief architect of George Washington's administration. From 1801 to 1825, the new party controlled the presidency and Congress as well as most states during the First Party System, it began in 1791 as one faction in Congress and included many politicians, opposed to the new constitution. They called themselves Republicans after republicanism, they distrusted the Federalist tendency to centralize and loosely interpret the Constitution, believing these policies were signs of monarchism and anti-republican values. The party splintered in 1824, with the faction loyal to Andrew Jackson coalescing into the Jacksonian movement, the faction led by John Quincy Adams and Henry Clay forming the National Republican Party and some other groups going on to form the Anti-Masonic Party.
The National Republicans, Anti-Masons, other opponents of Andrew Jackson formed themselves into the Whig Party. During the time that this party existed, it was referred to as the Republican Party. To distinguish it from the modern Republican Party, political scientists and pundits refer to this party as the Democratic-Republican Party or the Jeffersonian Republican Party; when the modern Republican Party was founded in 1854, it deliberately chose to name itself after the Jeffersonians. In response, contemporary Democrats embraced the name Democratic-Republican to reinforce their party's claim to the party's pre-Jacksonian history. Modern Democratic politicians continue to claim Jefferson as their founder; the party arose from the Anti-Administration faction which met secretly in the national capital to oppose Alexander Hamilton's financial programs. Jefferson denounced the programs as leading to subversive of republicanism. Jefferson needed to have a nationwide party to challenge the Federalists, which Hamilton was building up with allies in major cities.
Foreign affairs took a leading role in 1794–1795 as the Republicans vigorously opposed the Jay Treaty with the United Kingdom, at war with France. Republicans saw France as more democratic after its Revolution while the United Kingdom represented the hated monarchy; the party denounced many of Hamilton's measures as unconstitutional the national bank. The party was weakest in the Northeast, it demanded states' rights as expressed by the "Principles of 1798" articulated in the Kentucky and Virginia Resolutions that would allow states to nullify a federal law. Above all, the party stood for the primacy of the yeoman farmers. Republicans were committed to the principles of republicanism, which they feared were threatened by the supposed monarchical tendencies of the Hamiltonian Federalists; the party came to power in 1801 with the election of Jefferson in the 1800 presidential election. The Federalists—too elitist to appeal to most people—faded away and collapsed after 1815. Despite internal divisions, the Republicans dominated the First Party System until partisanship itself withered away during the Era of Good Feelings after 1816.
The party selected its presidential candidates in a caucus of members of Congress. They included James Madison and James Monroe. By 1824, the caucus system had collapsed. After 1800, the party dominated most state governments outside New England. By 1824, the party was split four ways and lacked a center as the First Party System collapsed; the emergence of the Second Party System in the 1820s and 30s realigned the old factions. One remnant followed Andrew Jackson and Martin Van Buren into the new Democratic Party by 1828. Another remnant, led by John Quincy Adams and Henry Clay, formed the National Republican Party in 1824 while some remaining smaller factions formed the Anti-Masonic Party, which along with some National Republican groups developed into the Whig Party by 1836. Most remaining National Republicans would soon after go on to be a part of the Free Soil and modern Republican parties in the 1840s and 1850s. Congressman James Madison started the party among Representatives in Philadelphia as the "Republican Party".
He, Jefferson and others reached out to include state and local leaders around the country New York and the South. The precise date of founding is disputed, but 1791 is a reasonable estimate and some time by 1792 is certain; the new party set up newspapers that made withering critiques of Hamiltonianism, extolled the yeoman farmer, argued for strict construction of the Constitution, favored the French Revolution opposed the United Kingdom and called for stronger state governments than the Federalist Party was proposing. The elections of 1792 were the first ones to be contested on anything resembling a partisan basis. In most states, the congressional elections were recognized—as Jefferson strategist John Beckley put it—as a "struggle between the Treasury department and the republican interest". In New York, the candidates for governor were a Federalist. Four states' electors voted for Clinton and one for Jefferson for Vice President in opposition to incumbent John Adams as well as casting their votes for President Washington.
Before 1804, electors cast two votes together wi
Jeffersonian democracy, named after its advocate Thomas Jefferson, was one of two dominant political outlooks and movements in the United States from the 1790s to the 1820s. The term was used to refer to the Democratic-Republican Party, which Jefferson founded in opposition to the Federalist Party of Alexander Hamilton; the Jeffersonians were committed to American republicanism, which meant opposition to what they considered to be artificial aristocracy, opposition to corruption, insistence on virtue, with a priority for the "yeoman farmer", "planters", the "plain folk". They were antagonistic to the aristocratic elitism of merchants and manufacturers, distrusted factory workers, were on the watch for supporters of the dreaded British system of government. Jeffersonian democracy persisted as an element of the Democratic Party into the early 20th century, as exemplified by the rise of Jacksonian democracy and the three presidential candidacies of William Jennings Bryan, its themes continue to echo in the 21st century among the Libertarian and Republican parties.
At the beginning of the Jeffersonian era, only two states had established universal white male suffrage by abolishing property requirements. By the end of the period, more than half of the states had followed suit, including all of the states in the Old Northwest. States also moved on to allowing popular votes for presidential elections, canvassing voters in a more modern style. Jefferson's party, known today as the Democratic-Republican Party, was in full control of the apparatus of government—from the state legislature and city hall to the White House. Jefferson has been called "the most democratic of the Founding fathers"; the Jeffersonians advocated a narrow interpretation of the Constitution's Article I provisions granting powers to the federal government. They strenuously opposed the Federalist Party, led by Treasury Secretary Alexander Hamilton. President George Washington supported Hamilton's program for a financially strong national government; the election of Jefferson in 1800, which he called "the revolution of 1800", brought in the Presidency of Thomas Jefferson and the permanent eclipse of the Federalists, apart from the Supreme Court."Jeffersonian democracy" is an umbrella term and some factions favored some positions more than others.
While principled, with vehemently held core beliefs, the Jeffersonians had factions that disputed the true meaning of their creed. For example, during the War of 1812 it became apparent that independent state militia units were inadequate for conducting a serious war against a major country; the new Secretary of War John C. Calhoun, a Jeffersonian, proposed to build up the Army. With the support of most Republicans in Congress, he got his way. However, the "Old Republican" faction, claiming to be true to the Jeffersonian Principles of'98, fought him and reduced the size of the Army after Spain sold Florida to the U. S. Historians characterize Jeffersonian democracy as including the following core ideals: The core political value of America is republicanism—citizens have a civic duty to aid the state and resist corruption monarchism and aristocracy. Jeffersonian values are best expressed through an organized political party; the Jeffersonian party was the "Republican Party". It was the duty of citizens to vote and the Jeffersonians invented many modern campaign techniques designed to get out the vote.
Turnout indeed soared across the country. The work of John J. Beckley, Jefferson's agent in Pennsylvania, set new standards in the 1790s. In the 1796 presidential election, he blanketed the state with agents who passed out 30,000 hand-written tickets, naming all 15 electors. Historians consider Beckley to be one of the first American professional campaign managers and his techniques were adopted in other states; the Federalist Party its leader Alexander Hamilton, was the arch-foe because of its acceptance of aristocracy and British methods. The national government is a dangerous necessity to be instituted for the common benefit and security of the people, nation or community—it should be watched and circumscribed in its powers. Most anti-Federalists from 1787–1788 joined the Jeffersonians. Separation of church and state is the best method to keep government free of religious disputes and religion free from corruption by government; the federal government must not violate the rights of individuals.
The Bill of Rights is a central theme. The federal government must not violate the rights of the states; the Kentucky and Virginia Resolutions of 1798 proclaim these principles. Freedom of speech and the press are the best methods to prevent tyranny over the people by their own government; the Federalists' violation of this freedom through the Alien and Sedition Acts of 1798 became a major issue. The yeoman farmer best exemplifies civic virtue and independence from corrupting city influences—government policy should be for his benefit. Financiers and industrialists make cities the "cesspools of corruption" and should be avoided; the United States Constitution was written in order to ensure the freedom of the people. However, as Jefferson wrote to James Madison in 1789, "no society can make a perpetual constitution or a perpetual law; the earth belongs always to the living generation". All men have the right to be informed and thus to have a say in the government; the protection and expansion of human liberty was one of the chief goals of the Jeffersonians.
A political party is an organized group of people with common views, who come together to contest elections and hold power in the government. The party agrees on some proposed policies and programmes, with a view to promoting the collective good or furthering their supporters' interests. While there is some international commonality in the way political parties are recognized and in how they operate, there are many differences, some are significant. Many political parties have an ideological core, but some do not, many represent ideologies different from their ideology at the time the party was founded. Many countries, such as Germany and India, have several significant political parties, some nations have one-party systems, such as China and Cuba; the United States is in practice a two-party system but with many smaller parties participating and a high degree of autonomy for individual candidates. Political factions have existed in democratic societies since ancient times. Plato writes in his Republic on the formation of political cliques in Classical Athens, the tendency of Athenian citizens to vote according to factional loyalty rather than for the public good.
In the Roman Republic, Polybius coined the term ochlocracy to describe the tendency of politicians to mobilise popular factionalist sentiment against their political rivals. Factional politics remained a part of Roman political life through the Imperial period and beyond, the poet Juvenal coined the phrase "bread and circuses" to describe the political class pandering to the citizenry through diversionary entertainments rather than through arguments about policy. "Bread and circuses" survived as part of Byzantine political life - for example, the Nika revolt during the reign of Justinian was a riot between the "Blues" and the "Greens"—two chariot racing factions at the Hippodrome, who received patronage from different Senatorial factions and religious sects. The patricians who sponsored the Blues and the Greens competed with each other to hold grander games and public entertainments during electoral campaigns, in order to appeal to the citizenry of Constantinople; the first modern political factions, can be said to have originated in early modern Britain.
The first political factions, cohering around a basic, if fluid, set of principles, emerged from the Exclusion Crisis and Glorious Revolution in late 17th century England. The Whigs supported Protestant constitutional monarchy against absolute rule, they were interested in the citizens of United Kingdom being free from the aristocracy and opposed to any tyranny, however they supported the constitutional aristocracy and does not consider the British nobility abusive because of its limits; the leader of the Whigs was Robert Walpole, who maintained control of the government in the period 1721–1742. As the century wore on, the factions began to adopt more coherent political tendencies as the interests of their power bases began to diverge; the Whig party's initial base of support from the great aristocratic families widened to include the emerging industrial interests and wealthy merchants. As well as championing constitutional monarchy with strict limits on the monarch's power, the Whigs adamantly opposed a Catholic king as a threat to liberty, believed in extending toleration to nonconformist Protestants, or dissenters.
A major influence on the Whigs were the liberal political ideas of John Locke, the concepts of universal rights employed by Locke and Algernon Sidney. Although the Tories were out of office for half a century, for most of this period the Tories retained party cohesion, with occasional hopes of regaining office at the accession of George II and the downfall of the ministry of Sir Robert Walpole in 1742, they acted as a united, though unavailing, opposition to Whig corruption and scandals. At times they cooperated with the "Opposition Whigs", Whigs who were in opposition to the Whig government, they regained power with the accession of George III in 1760 under Lord Bute. When they lost power, the old Whig leadership dissolved into a decade of factional chaos with distinct "Grenvillite", "Bedfordite", "Rockinghamite", "Chathamite" factions successively in power, all referring to themselves as "Whigs". Out of this chaos, the first distinctive parties emerged; the first such party was the Rockingham Whigs under the leadership of Charles Watson-Wentworth and the intellectual guidance of the political philosopher Edmund Burke.
Burke laid out a philosophy that described the basic framework of the political party as "a body of men united for promoting by their joint endeavours the national interest, upon some particular principle in which they are all agreed". As opposed to the instability of the earlier factions, which were tied to a particular leader and could disintegrate if removed from power, the party was centred around a set of core principles and remained out of power as a united opposition to government. A coalition including the Rockingham Whigs, led by the Earl of She
James Madison Jr. was an American statesman, diplomat and Founding Father who served as the fourth president of the United States from 1809 to 1817. He is hailed as the "Father of the Constitution" for his pivotal role in drafting and promoting the United States Constitution and the United States Bill of Rights, he co-wrote The Federalist Papers, co-founded the Democratic-Republican Party, served as the fifth United States Secretary of State from 1801 to 1809. Born into a prominent Virginia planting family, Madison served as a member of the Virginia House of Delegates and the Continental Congress during and after the American Revolutionary War, he became dissatisfied with the weak national government established by the Articles of Confederation and helped organize the Constitutional Convention, which produced a new constitution to supplant the Articles of Confederation. Madison's Virginia Plan served as the basis for the Constitutional Convention's deliberations, he was one of the most influential individuals at the convention.
Madison became one of the leaders in the movement to ratify the Constitution, he joined with Alexander Hamilton and John Jay in writing The Federalist Papers, a series of pro-ratification essays, considered to be one of the most influential works of political science in American history. After the ratification of the Constitution, Madison emerged as an important leader in the United States House of Representatives and served as a close adviser to President George Washington, he was the main force behind the ratification of the United States Bill of Rights, which enshrines guarantees of personal freedoms and rights within the Constitution. During the early 1790s, Madison came to oppose the economic program and accompanying centralization of power favored by Secretary of the Treasury Alexander Hamilton. Along with Thomas Jefferson, Madison organized the Democratic-Republican Party, which was, alongside Hamilton's Federalist Party, one of the nation's first major political parties. After Jefferson won the 1800 presidential election, Madison served as Secretary of State from 1801 to 1809.
In that position, he supervised the Louisiana Purchase. Madison succeeded Jefferson with a victory in the 1808 presidential election. After diplomatic protests and a trade embargo failed to end British attacks against American shipping, he led the United States into the War of 1812; the war was an administrative morass and ended inconclusively, but many Americans saw it as a successful "second war of independence" against Britain. The war convinced Madison of the necessity of a stronger federal government, he presided over the creation of the Second Bank of the United States and the enactment of the protective Tariff of 1816, he retired from public office in 1817 and died in 1836. He is considered to be one of the most important Founding Fathers of the United States, historians have ranked Madison as an above-average president. James Madison Jr. was born on March 16, 1751, at Belle Grove Plantation near Port Conway, Virginia, to James Madison Sr. and Nelly Conway Madison. He grew up as the oldest of twelve children, with seven brothers and four sisters, though only six of his siblings would live to adulthood.
His father was a tobacco planter who grew up on a plantation called Mount Pleasant, which he had inherited upon reaching adulthood. With numerous slaves and a 5,000 acres plantation, Madison's father was the largest landowner and a leading citizen in the Piedmont. Madison's maternal grandfather was a prominent tobacco merchant. In the early 1760s, the Madison family moved into a newly built house. From age 11 to 16, Madison was sent to study under Donald Robertson, a Scottish instructor who served as a tutor for a number of prominent planter families in the South. Madison learned mathematics and modern and classical languages—he became proficient in Latin. At age 16, Madison returned to Montpelier, where he began a two-year course of study under the Reverend Thomas Martin in preparation for college. Unlike most college-bound Virginians of his day, Madison did not attend the College of William and Mary, where the lowland Williamsburg climate - thought to be more to harbor infectious disease - might have strained his delicate health.
Instead, in 1769, he enrolled at the College of New Jersey. His studies at Princeton included Latin, Greek and the works of the Enlightenment. Great emphasis was placed on both debate. Along with another classmate, Madison undertook an intense program of study and completed Princeton's three-year bachelor of arts degree in just two years, graduating in 1771, he remained at Princeton to study Hebrew and political philosophy under President John Witherspoon before returning home to Montpelier in early 1772. His ideas on philosophy and morality were shaped by Witherspoon, who converted Madison to the philosophy and modes of thinking of the Age of Enlightenment. Biographer Terence Ball says that at Princeton: He was immersed in the liberalism of the Enlightenment, converted to eighteenth-century political radicalism. From on James Madison's theories would advance the rights of happiness of man, his most active efforts would serve devotedly the cause of civil and political liberty. After returning to Montpelier, who had not yet decided on a specific career, served as a tutor to his younger siblings.
In the early 1770s the relationship between the American colonies a
United States Secretary of the Treasury
The Secretary of the Treasury is the head of the United States Department of the Treasury, concerned with financial and monetary matters, until 2003 included several federal law enforcement agencies. This position in the federal government of the United States is analogous to the Minister of Finance in many other countries; the Secretary of the Treasury is a member of the President's Cabinet, is nominated by the President of the United States. Nominees for Secretary of the Treasury undergo a confirmation hearing before the United States Senate Committee on Finance before being voted on by the United States Senate; the Secretary of the Treasury, the Secretary of State, the Attorney General, the Secretary of Defense are regarded as the four most important cabinet officials because of the importance of their departments. The Secretary of the Treasury is a non-statutory member of the U. S. National Security Council and fifth in the United States presidential line of succession; the Secretary of the Treasury is the principal economic advisor to the President and plays a critical role in policy-making by bringing an economic and government financial policy perspective to issues facing the government.
The Secretary is responsible for formulating and recommending domestic and international financial and tax policy, participating in the formulation of broad fiscal policies that have general significance for the economy, managing the public debt. The Secretary oversees the activities of the Department in carrying out its major law enforcement responsibilities; the Chief Financial Officer of the government, the Secretary serves as Chairman Pro Tempore of the President's Economic Policy Council, Chairman of the Boards and Managing Trustee of the Social Security and Medicare Trust Funds, as U. S. Governor of the International Monetary Fund, the International Bank for Reconstruction and Development, the Inter-American Development Bank, the Asian Development Bank, the European Bank for Reconstruction and Development; the Secretary along with the Treasurer of the United States must sign Federal Reserve notes before they can become legal tender. The Secretary manages the United States Emergency Economic Stabilization fund.
Most of the Department's law enforcement agencies such as the U. S. Customs Service, the Bureau of Alcohol, Tobacco and Explosives, the U. S. Secret Service were reassigned to other departments in 2003 in conjunction with the creation of the Department of Homeland Security; the salary of the Secretary of the Treasury is $205,700 annually. Parties No party Federalist Democratic-Republican Democratic Whig Republican Status 1 William Jones served as acting secretary between the resignation of Alexander J. Dallas and appointment of William H. Crawford. 2 Deputy Secretary of the Treasury M. Peter McPherson served as Acting Secretary of the Treasury from August 17, 1988, to September 15, 1988. 3 Because of the resignation of Deputy Secretary of the Treasury Roger Altman in August 1994, Under Secretary of Treasury for Domestic Finance Frank N. Newman served from December 22, 1994, to January 11, 1995 as Acting Secretary of the Treasury. 4 Deputy Secretary of the Treasury Kenneth W. Dam served as Acting Secretary of the Treasury from December 31, 2002, to February 3, 2003.
5 Deputy Secretary of the Treasury Robert M. Kimmitt served as Acting Secretary of the Treasury from June 30, 2006, to July 9, 2006. 6 Under Secretary for Terrorism and Financial Intelligence Stuart A. Levey served as Acting Secretary of the Treasury from January 20, 2009, until the confirmation of Timothy Geithner, which occurred January 26, 2009. 7 Deputy Secretary of the Treasury Neal Wolin served as Acting Secretary of the Treasury from January 25, 2013, until the confirmation of Jack Lew which occurred February 28, 2013. 8 Acting Under Secretary for Terrorism and Financial Intelligence Adam J. Szubin served as Acting Secretary of the Treasury from January 20, 2017, until the confirmation of Steven Mnuchin which occurred February 13, 2017. If both the Secretary and the Deputy Secretary of the Treasury are unable to carry out the duties of the office of Secretary of the Treasury whichever Treasury official of Under Secretary rank sworn in earliest assumes the role of Acting Secretary. Positions listed on the Department of the Treasury website include the Under Secretary for Domestic Finance, the Under Secretary for International Affairs, the Under Secretary for Terrorism and Financial Intelligence.
As of April 2019, there are eleven living former Secretaries of the Treasury, the oldest being George P. Shultz; the most recent Secretary of the Treasury to die, as well as the most serving Secretary to die, was Lloyd M. Bentsen, Jr. on May 23, 2006. "Secretaries of the Treasury". History of the Treasury. United States Department of the Treasury. Retrieved April 9, 2006. Official website