1.
United States Department of the Treasury
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The Department of the Treasury is an executive department and the treasury of the United States federal government. It was established by an Act of Congress in 1789 to manage government revenue, the Department is administered by the Secretary of the Treasury, who is a member of the Cabinet. On February 13,2017, the Senate confirmed Steven Mnuchin as Secretary of the Treasury, the first Secretary of the Treasury was Alexander Hamilton, who was sworn into office on September 11,1789. Hamilton was asked by President George Washington to serve after first having asked Robert Morris, Hamilton almost single-handedly worked out the nations early financial system, and for several years was a major presence in Washingtons administration as well. His portrait is on the obverse of the U. S. ten-dollar bill while the Treasury Department building is shown on the reverse. Besides the Secretary, one of the best-known Treasury officials is the Treasurer of the United States whose signature, along with the Treasury Secretarys, the Treasury prints and mints all paper currency and coins in circulation through the Bureau of Engraving and Printing and the United States Mint. The Department also collects all federal taxes through the Internal Revenue Service, the Congress had no power to levy and collect taxes, nor was there a tangible basis for securing funds from foreign investors or governments. The delegates resolved to issue paper money in the form of bills of credit, the Congress stipulated that each of the colonies contribute to the Continental governments funds. With the signing of the Declaration of Independence on July 4,1776, despite the infusion of foreign and domestic loans to pay for a war of independence, the United Colonies were unable to establish a well-organized agency for financial administration. Michael Hillegas was first called Treasurer of the United States on May 14,1777, the Treasury Office was reorganized three times between 1778 and 1781. The $241.5 million of paper Continental Dollars devalued rapidly, by May 1781, the dollar collapsed at a rate of from 500 to 1000 to 1 against hard currency. Protests against the worthless money swept the colonies and angry Americans coined the expression not worth a Continental, Robert Morris was designated Superintendent of Finance in 1781 and restored stability to the nations finances. Morris, a colonial merchant, was nicknamed the Financier because of his reputation for procuring funds or goods on a moments notice. His staff included a Comptroller, a Treasurer, a Register, and auditors, who managed the finances through 1784. The Treasury Board of three Commissioners continued to oversee the finances of the confederation of former colonies until September 1789, the First Congress of the United States was called to convene in New York on March 4,1789, marking the beginning of government under the Constitution. Alexander Hamilton took the oath of office as the first Secretary of the Treasury on September 11,1789, Hamilton had served as George Washingtons aide-de-camp during the Revolution, and was of great importance in the ratification of the Constitution. Because of his financial and managerial acumen, Hamilton was a choice for solving the problem of the new nations heavy war debt. Hamiltons first official act was to submit a report to Congress in which he laid the foundation for the financial health
2.
Federal Reserve Note
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Federal Reserve Notes, also United States banknotes or U. S. banknotes, are the banknotes currently used in the United States of America. Denominated in United States dollars, Federal Reserve Notes are printed by the United States Bureau of Engraving and Printing on paper made by Crane & Co. of Dalton, Federal Reserve Notes are the only type of U. S. banknote currently produced. The notes are then put into circulation by the Federal Reserve Banks, at which point they become liabilities of the Federal Reserve Banks, Federal Reserve Notes are legal tender, with the words this note is legal tender for all debts, public and private printed on each note. They have replaced United States Notes, which were issued by the Treasury Department. Federal Reserve Notes are backed by the assets of the Federal Reserve Banks and these assets are generally Treasury securities which have been purchased by the Federal Reserve through its Federal Open Market Committee in a process called debt monetizing. This monetized debt can increase the supply, either with the issuance of new Federal Reserve Notes or with the creation of debt money. This increase in the base leads to a larger increase in the money supply through fractional-reserve banking as deposits are lent. Prior to centralized banking, each bank issued its own notes. The first institution with responsibilities of a bank in the U. S. was the First Bank of the United States. Its charter was not renewed in 1811, in 1816, the Second Bank of the United States was chartered, its charter was not renewed in 1836, after President Andrew Jackson campaigned heavily for its disestablishment. From 1837 to 1862, in the Free Banking Era there was no central bank. From 1862 to 1913, a system of banks was instituted by the 1863 National Banking Act. The first printed notes were Series 1914, in 1928, cost-cutting measures were taken to reduce the note to the size it is today. The authority of the Federal Reserve Banks to issue notes comes from the Federal Reserve Act of 1913, legally, they are liabilities of the Federal Reserve Banks and obligations of the United States government. Although not issued by the Treasury Department, Federal Reserve Notes carry the signature of the Treasurer of the United States, at the time of the Federal Reserves creation, the law provided for notes to be redeemed to the Treasury in gold or lawful money. The Emergency Banking Act of 1933 removed the gold obligation and authorized the Treasury to satisfy these redemption demands with current notes of equal face value, under the Bretton Woods system, although citizens could not possess gold, the federal government continued to maintain a stable international gold price. This system ended with the Nixon Shock of 1971, present-day Federal Reserve Notes are not backed by convertibility to any specific commodity, but only by the collateral assets that Federal Reserve Banks post in order to obtain them. Series 1914 FRN were the first of two large-size issues, denominations were $5, $10, $20, $50, and $100 printed first with a red seal and then continued with a blue seal
3.
Federal Reserve System
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The Federal Reserve System is the central banking system of the United States. Over the years, events such as the Great Depression in the 1930s, the U. S. Congress established three key objectives for monetary policy in the Federal Reserve Act, maximizing employment, stabilizing prices, and moderating long-term interest rates. The first two objectives are sometimes referred to as the Federal Reserves dual mandate. S, the Fed conducts research into the economy and releases numerous publications, such as the Beige Book. S. member banks, and various advisory councils. The federal government sets the salaries of the seven governors. Nationally chartered commercial banks are required to hold stock in the Federal Reserve Bank of their region, thus, the Federal Reserve System has both private and public components to serve the interests of the public and private banks. The structure is considered unique among central banks and it is also unusual in that the United States Department of the Treasury, an entity outside of the central bank, prints the currency used. The U. S. Government receives all the annual profits, after a statutory dividend of 6% on member banks capital investment is paid. In 2015, the Federal Reserve made a profit of $100.2 billion, the primary motivation for creating the Federal Reserve System was to address banking panics. Before the founding of the Federal Reserve System, the United States underwent several financial crises, a particularly severe crisis in 1907 led Congress to enact the Federal Reserve Act in 1913. Today the Federal Reserve System has responsibilities in addition to ensuring the stability of the financial system. S. S and this practice is called fractional-reserve banking. As a result, banks usually invest the majority of the funds received from depositors, on rare occasions, too many of the banks customers will withdraw their savings and the bank will need help from another institution to continue operating, this is called a bank run. Bank runs can lead to a multitude of social and economic problems, the Federal Reserve System was designed as an attempt to prevent or minimize the occurrence of bank runs, and possibly act as a lender of last resort when a bank run does occur. Many economists, following Milton Friedman, believe that the Federal Reserve inappropriately refused to lend money to banks during the bank runs of 1929. Because some banks refused to clear checks from certain others during times of economic uncertainty, to address these problems, Congress gave the Federal Reserve System the authority to establish a nationwide check-clearing system. It took over this role from the private sector clearing houses which operated during the Free Banking Era, whether public or private, through its discount window and credit operations, Reserve Banks provide liquidity to banks to meet short-term needs stemming from seasonal fluctuations in deposits or unexpected withdrawals. Longer term liquidity may also be provided in exceptional circumstances, the rate the Fed charges banks for these loans is called the discount rate. By making these loans, the Fed serves as a buffer against unexpected day-to-day fluctuations in reserve demand and this contributes to the effective functioning of the banking system, alleviates pressure in the reserves market and reduces the extent of unexpected movements in the interest rates. For example, on September 16,2008, the Federal Reserve Board authorized an $85 billion loan to stave off the bankruptcy of international insurance giant American International Group
4.
Banknote
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A banknote is a type of negotiable instrument known as a promissory note, made by a bank, payable to the bearer on demand. Banknotes were originally issued by banks, who were legally required to redeem the notes for legal tender when presented to the chief cashier of the originating bank. These commercial banknotes only traded at face value in the served by the issuing bank. Commercial banknotes have primarily been replaced by national banknotes issued by central banks, national banknotes are generally legal tender, meaning that medium of payment is allowed by law or recognized by a legal system to be valid for meeting a financial obligation. Historically, banks sought to ensure that they could always pay customers in coins when they presented banknotes for payment and this practice of backing notes with something of substance is the basis for the history of central banks backing their currencies in gold or silver. Today, most national currencies have no backing in precious metals or commodities and have value only by fiat, with the exception of non-circulating high-value or precious metal issues, coins are used for lower valued monetary units, while banknotes are used for higher values. The idea of using a durable light-weight substance as evidence of a promise to pay a bearer on demand originated in China during the Han Dynasty in 118 BC, the first known banknote was first developed in China during the Tang and Song dynasties, starting in the 7th century. Its roots were in merchant receipts of deposit during the Tang Dynasty, as merchants, during the Yuan Dynasty, banknotes were adopted by the Mongol Empire. In Europe, the concept of banknotes was first introduced during the 13th century by such as Marco Polo. Counterfeiting, the forgery of banknotes, is an inherent challenge in issuing currency and it is countered by anticounterfeiting measures in the printing of banknotes. Fighting the counterfeiting of banknotes and cheques has been a driver of security printing methods development in recent centuries. Paper currency first developed in the Tang Dynasty China during the 7th century, although true paper money did not appear until the 11th century, the usage of paper currency later spread throughout the Mongol Empire. European explorers like Marco Polo introduced the concept in Europe during the 13th century, napoleon issued paper banknotes in the early 1800s. Paper money originated in two forms, drafts, which are receipts for value held on account, and bills, the perception of banknotes as money has evolved over time. Originally, money was based on precious metals, Banknotes were seen as essentially an I. O. U. or promissory note, a promise to pay someone in precious metal on presentation. With the gradual removal of precious metals from the system, banknotes evolved to represent credit money. Notes or bills were referred to in 18th century novels and were often a key part of the plot such as a note drawn by Lord X for £100 which becomes due in 3 months time. Its roots were in merchant receipts of deposit during the Tang Dynasty, as merchants, before the use of paper, the Chinese used coins that were circular, with a rectangular hole in the middle
5.
Officer (armed forces)
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An officer is a member of an armed force or uniformed service who holds a position of authority. In this sense, officers are not enlisted, but hold appointments from their government that typically remain in force indefinitely unless resigned, the proportion of officers varies greatly. Officers typically make up between an eighth and a fifth of modern armed forces personnel, in 2013, officers were the senior 17% of the British armed forces, and the senior 13. 7% of the French armed forces. In 2012, officers made up about 18% of the German armed forces, historically, however, armed forces have generally had much lower proportions of officers. During the First World War, fewer than 5% of British soldiers were officers, in the early twentieth century, the Spanish army had the highest proportion of officers of any European army, at 12. 5%. Within a nations armed forces, armies tend to have a proportion of officers. For example,13. 9% of British army personnel and 22. 2% of the RAF personnel were officers in 2013, having officers is one requirement for combatant status under the laws of war, though these officers need not have obtained an official commission or warrant. Commissioned officers are typically the only persons, in an armed forces environment, a superior officer is an officer with a higher rank than another officer, who is a subordinate officer relative to the superior. Non-commissioned officers in positions of authority can be said to have control or charge rather than command per se, many advanced militaries require university degrees as a prerequisite for commissioning, even from the enlisted ranks. In the Israel Defense Forces, a university degree is a requirement for an officer to advance to the rank of lieutenant colonel, the IDF often sponsors the studies for its majors, while aircrew and naval officers obtain academic degrees as a part of their training programmes. In the United Kingdom, there are three routes of entry for British Armed Forces officers, the first, and primary route are those who receive their commission directly into the officer grades following completion at their relevant military academy. The third route is similar to the second, in that they convert from an enlisted to a commission, but these are taken from the highest ranks of SNCOs. LE officers, whilst holding the same Queens Commission, generally work in different roles from the DE officers, in the infantry, a number of Warrant Officer Class 1s are commissioned as LE officers. For Royal Navy and Royal Air Force officer candidates, a 30-week period at Britannia Royal Naval College or a 30-week period at RAF College Cranwell, Royal Marines officers receive their training in the Command Wing of the Commando Training Centre Royal Marines during a grueling 15-month course. The courses consist of not only tactical and combat training, but also leadership, management, etiquette, until the Cardwell Reforms of 1871, commissions in the British Army were purchased by officers. The Royal Navy, however, operated on a more meritocratic, or at least socially mobile, AOCS also also included the embedded Aviation Reserve Officer Candidate and Naval Aviation Cadet programs. NAVCADs were personnel who held associates degrees, but lacked bachelors degrees, nAVCADs would complete the entire AOCS program, but would not be commissioned until completion of flight training and receiving their wings. After their initial tour, they would be assigned to a college or university full-time for no more than two years in order to complete their bachelors degree
6.
Coins of the United States dollar
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Coins of the United States dollar were first minted in 1792. New coins have been produced annually since then and they make up an aspect of the United States currency system. Today, circulating coins exist in denominations of 1¢, 5¢, 10¢, 25¢, 50¢, also minted are bullion and commemorative coins. All of these are produced by the United States Mint, the coins are then sold to Federal Reserve Banks which in turn are responsible for putting coins into circulation and withdrawing them as demanded by the countrys economy. Today four mints operate in the United States producing billions of coins each year, the main mint is the Philadelphia Mint, which produces circulating coinage, mint sets and some commemorative coins. The Denver Mint also produces circulating coinage, mint sets and commemoratives, the San Francisco Mint produces regular and silver proof coinage, and produced circulating coinage until the 1970s. The West Point Mint produces bullion coinage, Philadelphia and Denver produce the dies used at all of the mints. The proof and mint sets are manufactured each year and contain examples of all of the circulating coins. The producing mint of each coin may be identified, as most coins bear a mint mark. The identifying letter of the mint can be found on the front side of most coins, unmarked coins are issued by the Philadelphia mint. The mass and composition of the cent changed to the current copper plated zinc core in 1982, both types were minted in 1982 with no distinguishing mark. Cents minted in 1943 were struck on planchets punched from zinc coated steel which left the resulting edges uncoated and this caused many of these coins to rust. These steel pennies are not likely to be found in circulation today, the wheat cent was mainstream and common during its time. Some dates are rare, but many can still be found in circulation, nickels produced from mid-1942 through 1945 were manufactured from 56% copper, 35% silver and 9% manganese. This allowed the saved nickel metal to be shifted to production of military supplies during World War II. Few of these are found in circulation. Prior to 1965 and passage of the Coinage Act of 1965 the composition of the dime, quarter, half-dollar and dollar coins was 90% silver, the half-dollar continued to be minted in a 40% silver-clad composition between 1965 and 1970. Dimes and quarters from before 1965 and half-dollars from before 1971 are generally not in circulation due to being removed for their silver content, in 1975 and 1976 bicentennial coinage was minted
7.
United States Mint
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The United States Mint produces circulating coinage for the United States to conduct its trade and commerce, as well as controlling the movement of bullion. It does not produce paper money, the Mint was created in Philadelphia in 1792, and soon joined by other centres, whose coins were identified by their own mint marks. There are currently four active coin-producing mints, Philadelphia, Denver, San Francisco, the Mint was created by Congress with the Coinage Act of 1792, and originally placed within the Department of State. Per the terms of the Coinage Act, the first Mint building was in Philadelphia, then the capital of the United States, today, the Mints headquarters are in Washington D. C. It operates mint facilities in Philadelphia, Denver, San Francisco, and West Point, New York and a bullion depository at Fort Knox, Kentucky. Official Mints were once located in Carson City, Nevada, Charlotte, North Carolina, Dahlonega, Georgia, New Orleans, Louisiana, Washington, D. C. and even in Manila. Originally part of the State Department, the Mint was made an independent agency in 1799 and it converted precious metals into standard coin for anyones account with no seigniorage charge beyond the refining costs. Under the Coinage Act of 1873, the Mint became part of the Department of the Treasury and it was placed under the auspices of the Treasurer of the United States in 1981. Legal tender coins of today are minted solely for the Treasurys account, the first Director of the United States Mint was renowned scientist David Rittenhouse from 1792 to 1795. The position was held most recently by Edmund C, moy until his resignation effective January 9,2011. Henry Voigt was the first Superintendent and Chief Coiner, and is credited with some of the first U. S. coin designs. Another important position at the Mint is that of Chief Engraver, the Mint has operated several branch facilities throughout the United States since the Philadelphia Mint opened in 1792, in a building known as Ye Olde Mint. With the opening of branch mints came the need for mint marks, the first of these branch mints were the Charlotte, North Carolina, Dahlonega, Georgia, and New Orleans, Louisiana branches. Both the Charlotte and Dahlonega Mints were opened to facilitate the conversion of gold deposits into coinage. The Civil War closed both these facilities permanently, the New Orleans Mint closed at the beginning of the Civil War and did not re-open until the end of Reconstruction in 1879. During its two stints as a facility, it produced both gold and silver coinage in eleven different denominations, though only ten denominations were ever minted there at one time. A new branch facility was opened in Carson City, Nevada, in 1870, it operated until 1893, like the Charlotte and Dahlonega branches, the Carson City Mint was opened to take advantage of local precious metal deposits, in this case, a large vein of silver. Though gold coins were produced there, no base metal coins were
8.
Fort Worth, Texas
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Fort Worth is the 16th-largest city in the United States and the fifth-largest city in the state of Texas. The city is in North Central Texas and covers nearly 350 square miles in the counties of Denton, Parker, Wise, according to the 2015 census, estimates, Fort Worths population is 833,319. The city is the second-largest in the Dallas–Fort Worth–Arlington metropolitan area, the city was established in 1849 as an Army outpost on a bluff overlooking the Trinity River. Today, Fort Worth still embraces its Western heritage and traditional architecture, USS Fort Worth is the first ship of the United States Navy named after the city. Fort Worth is home to the Van Cliburn International Piano Competition, also of note is the Modern Art Museum of Fort Worth, designed by Tadao Ando. The Amon Carter Museum of American Art, designed by Philip Johnson, the Sid Richardson Museum, redesigned by David M. Schwarz, has one of the most focused collections of Western Art in the U. S. emphasizing Frederic Remington and Charles Russell. The Treaty of Birds Fort between the Republic of Texas and several Native American tribes was signed in 1843 at Birds Fort in present-day Arlington, Texas. Article XI of the treaty provided that no one may pass the line of trading houses without permission of the President of Texas and these trading houses were later established at the junction of the Clear Fork and West Fork of the Trinity River in present-day Fort Worth. At this river junction, the U. S, War Department established Fort Worth in 1849 as the northernmost of a system of 10 forts for protecting the American Frontier following the end of the Mexican–American War. The City of Fort Worth continues to be known as where the West begins, originally 10 forts had been proposed by Major General William Jenkins Worth, who commanded the Department of Texas in 1849. In January 1849, Worth proposed a line of 10 forts to mark the western Texas frontier from Eagle Pass to the confluence of the West Fork, One month later, Worth died from cholera in South Texas. General William S. Harney assumed command of the Department of Texas, Arnold to find a new fort site near the West Fork and Clear Fork. On June 6,1849, Arnold, advised by Middleton Tate Johnson, established a camp on the bank of the Trinity River, in August 1849, Arnold moved the camp to the north-facing bluff, which overlooked the mouth of the Clear Fork of the Trinity River. The United States War Department officially named the post Fort Worth on November 14,1849, E. S. Terrell from Tennessee claimed to be the first resident of Fort Worth. The fort was flooded the first year and moved to the top of the bluff, the fort was abandoned September 17,1853. As a stop on the legendary Chisholm Trail, Fort Worth was stimulated by the business of the cattle drives, millions of head of cattle were driven north to market along this trail. Fort Worth became the center of the drives, and later. It was given the nickname of Cowtown, during Civil War, Fort Worth suffered from shortages of money, food, and supplies
9.
United States
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Forty-eight of the fifty states and the federal district are contiguous and located in North America between Canada and Mexico. The state of Alaska is in the northwest corner of North America, bordered by Canada to the east, the state of Hawaii is an archipelago in the mid-Pacific Ocean. The U. S. territories are scattered about the Pacific Ocean, the geography, climate and wildlife of the country are extremely diverse. At 3.8 million square miles and with over 324 million people, the United States is the worlds third- or fourth-largest country by area, third-largest by land area. It is one of the worlds most ethnically diverse and multicultural nations, paleo-Indians migrated from Asia to the North American mainland at least 15,000 years ago. European colonization began in the 16th century, the United States emerged from 13 British colonies along the East Coast. Numerous disputes between Great Britain and the following the Seven Years War led to the American Revolution. On July 4,1776, during the course of the American Revolutionary War, the war ended in 1783 with recognition of the independence of the United States by Great Britain, representing the first successful war of independence against a European power. The current constitution was adopted in 1788, after the Articles of Confederation, the first ten amendments, collectively named the Bill of Rights, were ratified in 1791 and designed to guarantee many fundamental civil liberties. During the second half of the 19th century, the American Civil War led to the end of slavery in the country. By the end of century, the United States extended into the Pacific Ocean. The Spanish–American War and World War I confirmed the status as a global military power. The end of the Cold War and the dissolution of the Soviet Union in 1991 left the United States as the sole superpower. The U. S. is a member of the United Nations, World Bank, International Monetary Fund, Organization of American States. The United States is a developed country, with the worlds largest economy by nominal GDP. It ranks highly in several measures of performance, including average wage, human development, per capita GDP. While the U. S. economy is considered post-industrial, characterized by the dominance of services and knowledge economy, the United States is a prominent political and cultural force internationally, and a leader in scientific research and technological innovations. In 1507, the German cartographer Martin Waldseemüller produced a map on which he named the lands of the Western Hemisphere America after the Italian explorer and cartographer Amerigo Vespucci
10.
American Civil War
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The American Civil War was an internal conflict fought in the United States from 1861 to 1865. The Union faced secessionists in eleven Southern states grouped together as the Confederate States of America, the Union won the war, which remains the bloodiest in U. S. history. Among the 34 U. S. states in February 1861, War broke out in April 1861 when Confederates attacked the U. S. fortress of Fort Sumter. The Confederacy grew to eleven states, it claimed two more states, the Indian Territory, and the southern portions of the western territories of Arizona. The Confederacy was never recognized by the United States government nor by any foreign country. The states that remained loyal, including border states where slavery was legal, were known as the Union or the North, the war ended with the surrender of all the Confederate armies and the dissolution of the Confederate government in the spring of 1865. The war had its origin in the issue of slavery. The Confederacy collapsed and 4 million slaves were freed, but before his inauguration, seven slave states with cotton-based economies formed the Confederacy. The first six to declare secession had the highest proportions of slaves in their populations, the first seven with state legislatures to resolve for secession included split majorities for unionists Douglas and Bell in Georgia with 51% and Louisiana with 55%. Alabama had voted 46% for those unionists, Mississippi with 40%, Florida with 38%, Texas with 25%, of these, only Texas held a referendum on secession. Eight remaining slave states continued to reject calls for secession, outgoing Democratic President James Buchanan and the incoming Republicans rejected secession as illegal. Lincolns March 4,1861 inaugural address declared that his administration would not initiate a civil war, speaking directly to the Southern States, he reaffirmed, I have no purpose, directly or indirectly to interfere with the institution of slavery in the United States where it exists. I believe I have no right to do so, and I have no inclination to do so. After Confederate forces seized numerous federal forts within territory claimed by the Confederacy, efforts at compromise failed, the Confederates assumed that European countries were so dependent on King Cotton that they would intervene, but none did, and none recognized the new Confederate States of America. Hostilities began on April 12,1861, when Confederate forces fired upon Fort Sumter, while in the Western Theater the Union made significant permanent gains, in the Eastern Theater, the battle was inconclusive in 1861–62. The autumn 1862 Confederate campaigns into Maryland and Kentucky failed, dissuading British intervention, Lincoln issued the Emancipation Proclamation, which made ending slavery a war goal. To the west, by summer 1862 the Union destroyed the Confederate river navy, then much of their western armies, the 1863 Union siege of Vicksburg split the Confederacy in two at the Mississippi River. In 1863, Robert E. Lees Confederate incursion north ended at the Battle of Gettysburg, Western successes led to Ulysses S. Grants command of all Union armies in 1864
11.
United States Congress
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The United States Congress is the bicameral legislature of the federal government of the United States consisting of two chambers, the Senate and the House of Representatives. The Congress meets in the Capitol in Washington, D. C, both senators and representatives are chosen through direct election, though vacancies in the Senate may be filled by a gubernatorial appointment. Members are usually affiliated to the Republican Party or to the Democratic Party, Congress has 535 voting members,435 Representatives and 100 Senators. The House of Representatives has six non-voting members in addition to its 435 voting members and these members can, however, sit on congressional committees and introduce legislation. Puerto Rico, American Samoa, Guam, the Northern Mariana Islands, the members of the House of Representatives serve two-year terms representing the people of a single constituency, known as a district. Congressional districts are apportioned to states by using the United States Census results. Each state, regardless of population or size, has two senators, currently, there are 100 senators representing the 50 states. Each senator is elected at-large in their state for a term, with terms staggered. The House and Senate are equal partners in the legislative process—legislation cannot be enacted without the consent of both chambers, however, the Constitution grants each chamber some unique powers. The Senate ratifies treaties and approves presidential appointments while the House initiates revenue-raising bills, the House initiates impeachment cases, while the Senate decides impeachment cases. A two-thirds vote of the Senate is required before a person can be forcibly removed from office. The term Congress can also refer to a meeting of the legislature. A Congress covers two years, the current one, the 115th Congress, began on January 3,2017, the Congress starts and ends on the third day of January of every odd-numbered year. Members of the Senate are referred to as senators, members of the House of Representatives are referred to as representatives, congressmen, or congresswomen. One analyst argues that it is not a solely reactive institution but has played a role in shaping government policy and is extraordinarily sensitive to public pressure. Several academics described Congress, Congress reflects us in all our strengths, Congress is the governments most representative body. Congress is essentially charged with reconciling our many points of view on the public policy issues of the day. —Smith, Roberts, and Wielen Congress is constantly changing and is constantly in flux, most incumbents seek re-election, and their historical likelihood of winning subsequent elections exceeds 90 percent
