President George Washington appointed Hamilton as the first United States Secretary of the Treasury on September 11, 1789. He left office on the last day of January 1795. Much of the structure of the government of the United States was worked out in those five years, beginning with the structure and function of the cabinet itself. Biographer Forrest McDonald argues that Hamilton saw his office, like that of the British First Lord of the Treasury, as the equivalent of a Prime Minister. Hamilton oversaw his colleagues under the elective reign of George Washington. Washington requested Hamilton's advice and assistance on matters outside the purview of the Treasury Department.
In one letter to Madison, he argued each generation should curtail all debt within 19 years, and not impose a long-term debt on subsequent generations. In 1791, President Washington asked Jefferson, then Secretary of State, and Hamilton, the Secretary of the Treasury, if the Congress had the authority to create a national bank. While Hamilton believed Congress had the authority, Jefferson and Madison thought a national bank would ignore the needs of individuals and farmers, and would violate the Tenth Amendment by assuming powers not granted to the federal government by the states.
MonroePresident MonroePresident James Monroe
During the presidency of George Washington, U.S. politics became increasingly polarized between the supporters of Secretary of State Jefferson and the Federalists, led by Secretary of the Treasury Alexander Hamilton. Monroe stood firmly with Jefferson in opposing Hamilton's strong central government and strong executive. The Democratic-Republican Party coalesced around Jefferson and Madison, and Monroe became one of the fledgling party's leaders in the Senate. He also helped organize opposition to John Adams in the 1792 election, though Adams defeated George Clinton to win re-election.
George Washington, the first U.S. president, firmly established military subordination under civilian authority. In 1794, Washington used his constitutional powers to assemble 12,000 militia to quell the Whiskey Rebellion—a conflict in western Pennsylvania involving armed farmers and distillers who refused to pay excise tax on spirits. According to historian Joseph Ellis, this was the "first and only time a sitting American president led troops in the field", though James Madison briefly took control of artillery units in defense of Washington D.C. during the War of 1812.
VACommonwealth of VirginiaVa.
When the American Revolutionary War began, George Washington was selected to head the colonial army. During the war, the capital was moved to Richmond at the urging of Governor Thomas Jefferson, who feared that Williamsburg's coastal location would make it vulnerable to British attack. In 1781, the combined action of Continental and French land and naval forces trapped the British army on the Virginia Peninsula, where troops under George Washington and Comte de Rochambeau defeated British General Cornwallis in the Siege of Yorktown. His surrender on October 19, 1781 led to peace negotiations in Paris and secured the independence of the colonies.
WashingtonDistrict of ColumbiaWashington, DC
In his Federalist No. 43, published January 23, 1788, James Madison argued that the new federal government would need authority over a national capital to provide for its own maintenance and safety. Five years earlier, a band of unpaid soldiers besieged Congress while its members were meeting in Philadelphia. Known as the Pennsylvania Mutiny of 1783, the event emphasized the need for the national government not to rely on any state for its own security.
Cabinetcabinet secretaryPresidential Cabinet
George Washington, the first U.S. President, organized his principal officers into a Cabinet, and it has been part of the executive branch structure ever since. Washington's Cabinet consisted of five members: himself, Secretary of State Thomas Jefferson, Secretary of the Treasury Alexander Hamilton, Secretary of War Henry Knox and Attorney General Edmund Randolph. Vice President John Adams was not included in Washington's Cabinet because the position was initially regarded as a legislative officer (President of the Senate).
The Democratic-Republican Party (formally the 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, who was 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 who had been opposed to the new constitution. They called themselves Republicans after their ideology, republicanism.
On taking office in 1789, President Washington nominated New York lawyer Alexander Hamilton to the office of Secretary of the Treasury. Hamilton wanted a strong national government with financial credibility. Hamilton proposed the ambitious Hamiltonian economic program that involved assumption of the state debts incurred during the American Revolution, creating a national debt and the means to pay it off and setting up a national bank, along with creating tariffs. James Madison was Hamilton's ally in the fight to ratify the new Constitution, but Madison and Thomas Jefferson opposed Hamilton's programs by 1791.
GallatinistGallatinA. A. Albert Gallatin
Gallatin's mastery of public finance led to his choice as Secretary of the Treasury by President Thomas Jefferson, despite Federalist attacks that he was a "foreigner" with a French accent. Under Jefferson and James Madison, Gallatin served as secretary from 1801 until February 1814. Gallatin retained much of Hamilton's financial system, though he also presided over a reduction in the national debt prior to the War of 1812. Gallatin served on the American commission that agreed to the Treaty of Ghent, which ended the War of 1812. In the aftermath of the war, he helped found the Second Bank of the United States.
first inauguration of George Washingtoninauguratedpresidency
For Fear of an Elective King: George Washington and the Presidential Title Controversy of 1789 (Cornell UP, 2014). Beirne, Logan. Blood of Tyrants: George Washington & the Forging of the Presidency (2013)., older, detailed political history of the decade. Chervinsky, Lindsay M. "The Historical Presidency: George Washington and the First Presidential Cabinet." Presidential Studies Quarterly 48#1 (2018): 139–152., essays by scholars. Graff, Henry F., ed. The Presidents: A Reference History (3rd ed. 2002) online. 336 pp. Leibiger, Stuart. "Founding Friendship: George Washington, James Madison, and the Creation of the American Republic." U. Press of Virginia, 1999. 284 pp.
Good credit allowed Jefferson's Treasury Secretary Albert Gallatin to borrow in Europe to finance the Louisiana Purchase in 1803, as well as to borrow to finance the War of 1812. The compromise is dramatized in the musical Hamilton by Lin-Manuel Miranda in the song "The Room Where It Happens", where it is told from the perspective of Aaron Burr. Alexander Hamilton – United States Secretary of the Treasury. James Madison – Congressman. Thomas Jefferson – United States Secretary of State. George Washington – President of the United States. First Report on the Public Credit. Residence Act. Brock, W.R. 1957.
JacksonJacksonianPresident Andrew Jackson
On May 6, 1833, Jackson sailed on USS Cygnet to Fredericksburg, Virginia, where he was to lay the cornerstone on a monument near the grave of Mary Ball Washington, George Washington's mother. During a stopover near Alexandria, Randolph appeared and struck the President. He fled the scene chased by several members of Jackson's party, including the writer Washington Irving. Jackson declined to press charges. On January 30, 1835, what is believed to be the first attempt to kill a sitting president of the United States occurred just outside the United States Capitol. When Jackson was leaving through the East Portico after the funeral of South Carolina Representative Warren R.
Bank of the United Statesnational bankFirst
Hamilton, then Secretary of the Treasury, argued that the bank was an effective means to utilize the authorized powers of the government implied under the law of the Constitution. Secretary of State Thomas Jefferson argued that the bank violated traditional property laws and that its relevance to constitutionally authorized powers was weak. Another argument came from James Madison, who believed Congress had not received the power to incorporate a bank or any other governmental agency. His argument rested primarily on the Tenth Amendment: that all powers not endowed to Congress are retained by the States (or the people).
Secretary of StateU.S. Secretary of StateUS Secretary of State
The Secretary of State, along with the Secretary of the Treasury, Secretary of Defense, and Attorney General, are generally regarded as the four most important Cabinet members because of the importance of their respective departments. Secretary of State is a Level I position in the Executive Schedule and thus earns the salary prescribed for that level (currently $210,700). The current Secretary of State is Mike Pompeo, who previously served as Director of the Central Intelligence Agency. Pompeo replaced Rex Tillerson whom President Trump dismissed on March 13, 2018. Tillerson's last day at the State Department was March 31, 2018.
Founding FathersFounding FatherFounding Father of the United States
Washington was Commander-in-Chief of the Continental Army and was President of the Constitutional Convention. All held additional important roles in the early government of the United States, with Washington, Adams, Jefferson, and Madison serving as President. Jay was the nation's first Chief Justice, Hamilton was the first Secretary of the Treasury, and Franklin was America's most senior diplomat, and later the governmental leader of Pennsylvania. The term Founding Fathers is sometimes used to refer to the Signers of the embossed version of the Declaration of Independence in 1776.
U.S. TreasurerTreasurerUnited States Treasurer
The Treasurer now advises the Director of the Mint, the Director of the Bureau of Engraving and Printing, the Deputy Secretary and the Secretary of the Treasury on matters relating to coinage, currency and the production of other instruments by the United States. The Treasurer's signature, as well as the Treasury Secretary's, appear on Federal Reserve Notes. President Harry S. Truman appointed Georgia Neese Clark as the first woman Treasurer in 1949. Since then, every subsequent Treasurer has been a woman, and seven of the past eleven Treasurers have also been Hispanic. Requirement for Senate confirmation for the appointment was dropped as of August 10, 2012.
national bankcentral bankcentral banking system
In 1791, former Morris aide and chief advocate for Northern mercantile interests, Alexander Hamilton, the Secretary of the Treasury, accepted a compromise with the Southern lawmakers to ensure the continuation of Morris's Bank project; in exchange for support by the South for a national bank, Hamilton agreed to ensure sufficient support to have the national or federal capitol moved from its temporary Northern location, New York, to a "Southern" location on the Potomac. As a result, the First Bank of the United States (1791–1811) was chartered by Congress within the year and signed by George Washington soon after.
Robert MorrisMorrisMr. Morris
Many of Morris's Nationalist allies from other states, including Hamilton, James Madison, John Dickinson, and Washington, would also attend the convention. With Franklin ill, Morris opened the proceedings of the Philadelphia Convention on May 25. His motion to nominate Washington as chairman of the convention was backed by a unanimous vote. Morris consistently attended the meeting of the convention, but rarely spoke after the first day, instead allowing lawyers and others more experienced with the law to debate various issues.
17921792 election1792 presidential election
By 1792, a party division had emerged between Federalists led by Treasury Secretary Alexander Hamilton, who desired a stronger federal government with a leading role in the economy, and the Democratic-Republicans led by Secretary of State Thomas Jefferson and Representative James Madison of Virginia, who favored states' rights and opposed Hamilton's economic program. Madison was at first a Federalist until he opposed the establishment of Hamilton's First Bank of the United States in 1791. He formed the Democratic-Republican Party along with Anti-Federalist Thomas Jefferson in 1792.