Who Was The First Secretary Of The Treasury
Camila Farah
Remember when hamilton took charge of the treasury in 1789 the united states economy was nothing like it is today.
Morris had held a similar position as superintendent of finance under the continental congress. Robert morris was the first person appointed secretary of the treasury by george washington but morris declined this office. Check out the accomplishments and portraits of the people who have led the treasury department through the years. He also absorbed the states debts.
His first task was to pay off the 50 million debt the united states had incurred to pay for the revolutionary war. Hamilton had served as george washington s aide de camp during the revolution and was of great importance in the ratification of the constitution. The secretary of the treasury is the principal economic advisor to the president of the united states and plays a critical role in. This responsibility established the new country as creditworthy allowing needed foreign direct investment to build the nation s economy.
Alexander hamilton new york. Hamilton left office on the last day of january 1795. When washington was elected president of the united states in 1789 he appointed hamilton as the first secretary of the treasury. The secretary of the treasury is the head of the united states department of the treasury which is concerned with all financial and monetary matters relating to the federal government and until 2003 also included several major federal law enforcement agencies.
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Alexander hamilton 1789 1795 at the inauguration of the constitutional government in 1789 alexander hamilton 1757 1804 george washington s former military aide and a renowned financier was appointed the first secretary of the treasury and thus he became the architect of the structure of the department. Alexander hamilton was the first treasury secretary. He quickly set about the business of building his cabinet of advisors and remembering his old friend s loyal service during the war appointed alexander hamilton as secretary of the treasury. Treasury collection alexander hamilton took the oath of office as the first secretary of the treasury on september 11 1789.
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