United States Secretary of the Treasury: Difference between revisions
imported>Richard Jensen (Treasurer; Fed; unlink states) |
imported>Richard Jensen (delink states) |
||
Line 9: | Line 9: | ||
The first and most influential secretary was [[Alexander Hamilton]] (1789-1794), who established the new nation's finances on a sound bases, and to provide political support created the world's first voter-based political party, the [[Federalist Party]], using the Treasury's national network of supporters. | The first and most influential secretary was [[Alexander Hamilton]] (1789-1794), who established the new nation's finances on a sound bases, and to provide political support created the world's first voter-based political party, the [[Federalist Party]], using the Treasury's national network of supporters. | ||
The Secretary shares with the Chairman of the [[Federal Reserve System]] the status as the most powerful decision-maker in financial policy.<ref> The "Treasurer of the United States" is a separate position, mostly honorific and without power. The Treasurer and Secretary both have their | The Secretary shares with the Chairman of the [[Federal Reserve System]] the status as the most powerful decision-maker in financial policy.<ref> The "Treasurer of the United States" is a separate position, mostly honorific and without power. The Treasurer and Secretary both have their signature on paper currency.</ref> | ||
In most countries this position is generally known as the [[Minister of Finance]]; Britain calls it the [[Chancellor of the Exchequer]]. The Secretary is fifth in the [[Presidential Line of Succession|line of succession]] to the Presidency. The current Secretary is [[Henry Paulson]]. | In most countries this position is generally known as the [[Minister of Finance]]; Britain calls it the [[Chancellor of the Exchequer]]. The Secretary is fifth in the [[Presidential Line of Succession|line of succession]] to the Presidency. The current Secretary is [[Henry Paulson]]. | ||
Line 219: | Line 219: | ||
|} | |} | ||
|- | |- | ||
| [[Walter Q. Gresham]]<br> | | [[Walter Q. Gresham]]<br>Indiana || | ||
{| | {| | ||
| Sep. 25, 1884 - Oct. 30, 1884 || [[Chester Arthur]] | | Sep. 25, 1884 - Oct. 30, 1884 || [[Chester Arthur]] | ||
|} | |} | ||
|- | |- | ||
| [[Hugh McCulloch]]<br> | | [[Hugh McCulloch]]<br>Indiana || | ||
{| | {| | ||
| Oct. 31, 1884 - Mar. 3, 1885 || [[Chester Arthur]] | | Oct. 31, 1884 - Mar. 3, 1885 || [[Chester Arthur]] | ||
Line 231: | Line 231: | ||
|} | |} | ||
|- | |- | ||
| [[Daniel Manning]]<br> | | [[Daniel Manning]]<br>New York || | ||
{| | {| | ||
| Mar. 8, 1885 || Mar. 31, 1887 || [[Grover Cleveland]] | | Mar. 8, 1885 || Mar. 31, 1887 || [[Grover Cleveland]] | ||
|} | |} | ||
|- | |- | ||
| [[Charles S. Fairchild]]<br> | | [[Charles S. Fairchild]]<br>New York || | ||
{| | {| | ||
| Apr. 1, 1887 || Mar. 3, 1889 || [[Grover Cleveland]] | | Apr. 1, 1887 || Mar. 3, 1889 || [[Grover Cleveland]] | ||
Line 243: | Line 243: | ||
|} | |} | ||
|- | |- | ||
| [[William Windom]]<br> | | [[William Windom]]<br>Minnesota || | ||
{| | {| | ||
| Mar. 7, 1889 || Jan. 29, 1891 || [[Benjamin Harrison]] | | Mar. 7, 1889 || Jan. 29, 1891 || [[Benjamin Harrison]] | ||
|} | |} | ||
|- | |- | ||
| [[Charles Foster]]<br> | | [[Charles Foster]]<br>Ohio || | ||
{| | {| | ||
| Feb. 25, 1891 || Mar. 3, 1893 || [[Benjamin Harrison]] | | Feb. 25, 1891 || Mar. 3, 1893 || [[Benjamin Harrison]] | ||
|- | |- | ||
| Mar. 4, 1893 || Mar. 6, 1893 || Cleveland | | Mar. 4, 1893 || Mar. 6, 1893 || [[Grover Cleveland]] | ||
|} | |} | ||
|- | |- | ||
| [[John G. Carlisle]]<br>[[Kentucky]] || | | [[John G. Carlisle]]<br>[[Kentucky]] || | ||
{| | {| | ||
| Mar. 7, 1893 || Mar. 3, 1897 || Cleveland | | Mar. 7, 1893 || Mar. 3, 1897 || [[Grover Cleveland]] | ||
|- | |- | ||
| Mar. 4, 1897 || Mar. 5, 1897 || [[William McKinley]] | | Mar. 4, 1897 || Mar. 5, 1897 || [[William McKinley]] | ||
|} | |} | ||
|- | |- | ||
| [[Lyman J. Gage]]<br> | | [[Lyman J. Gage]]<br>Illinois || | ||
{| | {| | ||
| Mar. 6, 1897 || Sep. 14, 1901 || [[William McKinley]] | | Mar. 6, 1897 || Sep. 14, 1901 || [[William McKinley]] | ||
Line 269: | Line 269: | ||
|} | |} | ||
|- | |- | ||
| [[Leslie M. Shaw]]<br> | | [[Leslie M. Shaw]]<br>Iowa || | ||
{| | {| | ||
| Feb. 1, 1902 || Mar. 3, 1907 || [[Theodore Roosevelt]] | | Feb. 1, 1902 || Mar. 3, 1907 || [[Theodore Roosevelt]] | ||
|} | |} | ||
|- | |- | ||
| [[George B. Cortelyou]]<br> | | [[George B. Cortelyou]]<br>New York || | ||
{| | {| | ||
| Mar. 4, 1907|| Mar. 3, 1909 || [[Theodore Roosevelt]] | | Mar. 4, 1907|| Mar. 3, 1909 || [[Theodore Roosevelt]] | ||
Line 281: | Line 281: | ||
|} | |} | ||
|- | |- | ||
| [[Franklin MacVeagh]]<br> | | [[Franklin MacVeagh]]<br>Illinois || | ||
{| | {| | ||
| Mar. 8, 1909|| Mar. 3, 1913 || [[William Howard Taft]] | | Mar. 8, 1909|| Mar. 3, 1913 || [[William Howard Taft]] | ||
Line 288: | Line 288: | ||
|} | |} | ||
|- | |- | ||
| [[William G. McAdoo]]<br> | | [[William G. McAdoo]]<br>New York || | ||
{| | {| | ||
| Mar. 6, 1913 || Dec. 15, 1918 || [[Woodrow Wilson]] | | Mar. 6, 1913 || Dec. 15, 1918 || [[Woodrow Wilson]] | ||
|} | |} | ||
|- | |- | ||
| [[Carter Glass]]<br> | | [[Carter Glass]]<br>Virginia || | ||
{| | {| | ||
| Dec. 16, 1918 || Feb. 1, 1920 || [[Woodrow Wilson]] | | Dec. 16, 1918 || Feb. 1, 1920 || [[Woodrow Wilson]] | ||
|} | |} | ||
|- | |- | ||
| [[David F. Houston]]<br> | | [[David F. Houston]]<br>Missouri || | ||
{| | {| | ||
| Feb. 2, 1920 || Mar. 3, 1921 || [[Woodrow Wilson]] | | Feb. 2, 1920 || Mar. 3, 1921 || [[Woodrow Wilson]] | ||
|} | |} | ||
|- | |- | ||
| [[Andrew W. Mellon]]<br> | | [[Andrew W. Mellon]]<br>Pennsylvania || | ||
{| | {| | ||
| Mar. 4, 1921 || Aug. 2, 1923 || [[Warren Harding]] | | Mar. 4, 1921 || Aug. 2, 1923 || [[Warren Harding]] | ||
Line 312: | Line 312: | ||
|} | |} | ||
|- | |- | ||
| [[Ogden L. Mills]]<br> | | [[Ogden L. Mills]]<br>New York || | ||
{| | {| | ||
| Feb. 13, 1932 || Mar. 3, 1933 || [[Herbert Clark Hoover]] | | Feb. 13, 1932 || Mar. 3, 1933 || [[Herbert Clark Hoover]] | ||
|} | |} | ||
|- | |- | ||
| [[William H. Woodin]]<br> | | [[William H. Woodin]]<br>New York || | ||
{| | {| | ||
| Mar. 4, 1933 || Dec. 31, 1933 || [[Franklin Delano Roosevelt]] | | Mar. 4, 1933 || Dec. 31, 1933 || [[Franklin Delano Roosevelt]] | ||
|} | |} | ||
|- | |- | ||
| [[Henry Morgenthau, Jr.]]<br> | | [[Henry Morgenthau, Jr.]]<br>New York || | ||
{| | {| | ||
| Jan. 1, 1934 || Apr. 12, 1945 || [[Franklin Delano Roosevelt]] | | Jan. 1, 1934 || Apr. 12, 1945 || [[Franklin Delano Roosevelt]] | ||
Line 329: | Line 329: | ||
|} | |} | ||
|- | |- | ||
| [[Fred M. Vinson]]<br> | | [[Fred M. Vinson]]<br>Kentucky || | ||
{| | {| | ||
| Jul. 23, 1945 || Jun. 23, 1946 || [[Harry S. Truman]] | | Jul. 23, 1945 || Jun. 23, 1946 || [[Harry S. Truman]] | ||
|} | |} | ||
|- | |- | ||
| [[John W. Snyder]]<br> | | [[John W. Snyder]]<br>Missouri || | ||
{| | {| | ||
| Jun. 25, 1946 || Jan. 20, 1953 || [[Harry S. Truman]] | | Jun. 25, 1946 || Jan. 20, 1953 || [[Harry S. Truman]] | ||
|} | |} | ||
|- | |- | ||
| [[George M. Humphrey]]<br> | | [[George M. Humphrey]]<br>Ohio || | ||
{| | {| | ||
| Jan. 21, 1953 || Jul. 29, 1957 || [[Dwight Eisenhower]] | | Jan. 21, 1953 || Jul. 29, 1957 || [[Dwight Eisenhower]] | ||
|} | |} | ||
|- | |- | ||
| [[Robert B. Anderson]]<br> | | [[Robert B. Anderson]]<br>Connecticut || | ||
{| | {| | ||
| Jul. 29, 1957 || Jan. 20, 1961|| [[Dwight Eisenhower]] | | Jul. 29, 1957 || Jan. 20, 1961|| [[Dwight Eisenhower]] | ||
|} | |} | ||
|- | |- | ||
| [[C. Douglas Dillon]]<br> | | [[C. Douglas Dillon]]<br>New Jersey || | ||
{| | {| | ||
| Jan. 21, 1961 || Nov 22, 1963 || [[John F. Kennedy]] | | Jan. 21, 1961 || Nov 22, 1963 || [[John F. Kennedy]] | ||
Line 356: | Line 356: | ||
|} | |} | ||
|- | |- | ||
| [[Henry H. Fowler]]<br> | | [[Henry H. Fowler]]<br>Virginia || | ||
{| | {| | ||
| Apr. 1, 1965 || Dec. 20, 1968 || [[Lyndon B. Johnson]] | | Apr. 1, 1965 || Dec. 20, 1968 || [[Lyndon B. Johnson]] | ||
|} | |} | ||
|- | |- | ||
| [[Joseph W. Barr]]<br> | | [[Joseph W. Barr]]<br>Indiana || | ||
{| | {| | ||
| Dec. 21, 1968 || Jan. 20, 1969 ||[[Lyndon B. Johnson]] | | Dec. 21, 1968 || Jan. 20, 1969 ||[[Lyndon B. Johnson]] | ||
|} | |} | ||
|- | |- | ||
| [[David M. Kennedy]]<br> | | [[David M. Kennedy]]<br>Utah || | ||
{| | {| | ||
| Jan. 22, 1969 || Feb. 11, 1971 || [[Richard Nixon]] | | Jan. 22, 1969 || Feb. 11, 1971 || [[Richard Nixon]] | ||
|} | |} | ||
|- | |- | ||
| [[John B. Connally]]<br> | | [[John B. Connally]]<br>Texas || | ||
{| | {| | ||
| Feb. 11, 1971 || Jun. 12, 1972 || [[Richard Nixon]] | | Feb. 11, 1971 || Jun. 12, 1972 || [[Richard Nixon]] | ||
|} | |} | ||
|- | |- | ||
| [[George P. Shultz]]<br> | | [[George P. Shultz]]<br>Illinois || | ||
{| | {| | ||
| Jun. 12, 1972 || May 8, 1974 || [[Richard Nixon]] | | Jun. 12, 1972 || May 8, 1974 || [[Richard Nixon]] | ||
|} | |} | ||
|- | |- | ||
| [[William E. Simon]]<br> | | [[William E. Simon]]<br>New Jersey || | ||
{| | {| | ||
| May 8, 1974 || Aug. 9, 1974 || [[Richard Nixon]] | | May 8, 1974 || Aug. 9, 1974 || [[Richard Nixon]] | ||
Line 388: | Line 388: | ||
|} | |} | ||
|- | |- | ||
| [[W. Michael Blumenthal]]<br> | | [[W. Michael Blumenthal]]<br>Michigan || | ||
{| | {| | ||
| Jan. 23, 1977 || Aug. 4, 1979 || [[Jimmy Carter]] | | Jan. 23, 1977 || Aug. 4, 1979 || [[Jimmy Carter]] | ||
|} | |} | ||
|- | |- | ||
| [[G. William Miller]]<br> | | [[G. William Miller]]<br>Rhode Island || | ||
{| | {| | ||
| Aug. 6, 1979 || Jan. 20, 1981 || [[Jimmy Carter]] | | Aug. 6, 1979 || Jan. 20, 1981 || [[Jimmy Carter]] | ||
|} | |} | ||
|- | |- | ||
| [[Donald T. Regan]]<br> | | [[Donald T. Regan]]<br>New Jersey || | ||
{| | {| | ||
| Jan. 22, 1981 || Feb. 2, 1985 || [[Ronald Reagan]] | | Jan. 22, 1981 || Feb. 2, 1985 || [[Ronald Reagan]] | ||
|} | |} | ||
|- | |- | ||
| [[James A. Baker, III]]<br> | | [[James A. Baker, III]]<br>Texas || | ||
{| | {| | ||
| Feb. 3, 1985 || Aug. 17, 1988 || [[Ronald Reagan]] | | Feb. 3, 1985 || Aug. 17, 1988 || [[Ronald Reagan]] | ||
|} | |} | ||
|- | |- | ||
| [[Nicholas F. Brady]]<br> | | [[Nicholas F. Brady]]<br>New Jersey || | ||
{| | {| | ||
| Sep. 16, 1988 || Jan. 20, 1989 || [[Ronald Reagan]] | | Sep. 16, 1988 || Jan. 20, 1989 || [[Ronald Reagan]] | ||
Line 415: | Line 415: | ||
|} | |} | ||
|- | |- | ||
| [[Lloyd M. Bentsen]]<br> | | [[Lloyd M. Bentsen]]<br>Texas || | ||
{| | {| | ||
| Jan. 22, 1993 || Dec. 22, 1994 || [[Bill Clinton]] | | Jan. 22, 1993 || Dec. 22, 1994 || [[Bill Clinton]] | ||
|} | |} | ||
|- | |- | ||
| [[Robert E. Rubin]]<br> | | [[Robert E. Rubin]]<br>New York || | ||
{| | {| | ||
| Jan. 10, 1995 || Jul. 2, 1999 || [[Bill Clinton]] | | Jan. 10, 1995 || Jul. 2, 1999 || [[Bill Clinton]] | ||
|} | |} | ||
|- | |- | ||
| [[Lawrence H. Summers]]<br> | | [[Lawrence H. Summers]]<br>Massachusetts || | ||
{| | {| | ||
| Jul. 2, 1999 || Jan. 20, 2001 || [[Bill Clinton]] | | Jul. 2, 1999 || Jan. 20, 2001 || [[Bill Clinton]] | ||
|} | |} | ||
|- | |- | ||
| [[Paul H. O'Neill]]<br> | | [[Paul H. O'Neill]]<br>Pennsylvania || | ||
{| | {| | ||
| Jan. 30, 2001 || Dec. 31, 2002 || [[George W. Bush]] | | Jan. 30, 2001 || Dec. 31, 2002 || [[George W. Bush]] | ||
|} | |} | ||
|- | |- | ||
| [[John W. Snow]]<br> | | [[John W. Snow]]<br>Virginia || | ||
{| | {| | ||
| Feb. 3, 2003 || June 29, 2006 || [[George W. Bush]] | | Feb. 3, 2003 || June 29, 2006 || [[George W. Bush]] | ||
|} | |} | ||
|- | |- | ||
| [[Henry M. Paulson, Jr.]]<br> | | [[Henry M. Paulson, Jr.]]<br>New York || | ||
{| | {| | ||
| Jul. 10, 2006 || Present || [[George W. Bush]] | | Jul. 10, 2006 || Present || [[George W. Bush]] |
Revision as of 11:50, 27 January 2008
The Secretary of the Treasury is a Cabinet member charged with developing fiscal policy for the United States of America and overseeing the Department of the Treasury. The position was established in 1789, giving it the distinction of being one of the two oldest Cabinet positions.[1] The first and most influential secretary was Alexander Hamilton (1789-1794), who established the new nation's finances on a sound bases, and to provide political support created the world's first voter-based political party, the Federalist Party, using the Treasury's national network of supporters.
The Secretary shares with the Chairman of the Federal Reserve System the status as the most powerful decision-maker in financial policy.[2]
In most countries this position is generally known as the Minister of Finance; Britain calls it the Chancellor of the Exchequer. The Secretary is fifth in the line of succession to the Presidency. The current Secretary is Henry Paulson.
Secretaries of the Treasury
Below is a list of the Secretaries of the Treasury along with their dates of service, and the President(s) they served under[3]:
name | term(s) and appointing President | |||||||||
---|---|---|---|---|---|---|---|---|---|---|
Alexander Hamilton New York |
| |||||||||
Oliver Wolcott Jr. Connecticut |
| |||||||||
Samuel Dexter Massachusetts |
| |||||||||
Albert Gallatin Pennsylvania |
| |||||||||
George W. Campbell Tennessee |
| |||||||||
Alexander J. Dallas Pennsylvania |
| |||||||||
William H. Crawford Georgia |
| |||||||||
Richard Rush Pennsylvania |
| |||||||||
Samuel D. Ingham Pennsylvania |
| |||||||||
Louis McLane Delaware |
| |||||||||
William J. Duane Pennsylvania |
| |||||||||
Roger B. Taney Maryland |
| |||||||||
Levi Woodbury New Hampshire |
| |||||||||
Thomas Ewing Ohio |
| |||||||||
Walter Forward Pennsylvania |
| |||||||||
John C. Spencer New York |
| |||||||||
George M. Bibb Kentucky |
| |||||||||
Robert J. Walker Mississippi |
| |||||||||
William M. Meredith Pennsylvania |
| |||||||||
Thomas Corwin Ohio |
| |||||||||
James Guthrie Kentucky |
| |||||||||
Howell Cobb Georgia |
| |||||||||
Philip F. Thomas Maryland |
| |||||||||
John A. Dix New York |
| |||||||||
Salmon P. Chase Ohio |
| |||||||||
William P. Fessenden Maine |
| |||||||||
Hugh McCulloch Indiana |
| |||||||||
George S. Boutwell Massachusetts |
| |||||||||
William A. Richardson Massachusetts |
| |||||||||
Benjamin H. Bristow Kentucky |
| |||||||||
Lot M. Morrill Maine |
| |||||||||
John Sherman Ohio |
| |||||||||
William Windom Minnesota |
| |||||||||
Charles J. Folger New York |
| |||||||||
Walter Q. Gresham Indiana |
| |||||||||
Hugh McCulloch Indiana |
| |||||||||
Daniel Manning New York |
| |||||||||
Charles S. Fairchild New York |
| |||||||||
William Windom Minnesota |
| |||||||||
Charles Foster Ohio |
| |||||||||
John G. Carlisle Kentucky |
| |||||||||
Lyman J. Gage Illinois |
| |||||||||
Leslie M. Shaw Iowa |
| |||||||||
George B. Cortelyou New York |
| |||||||||
Franklin MacVeagh Illinois |
| |||||||||
William G. McAdoo New York |
| |||||||||
Carter Glass Virginia |
| |||||||||
David F. Houston Missouri |
| |||||||||
Andrew W. Mellon Pennsylvania |
| |||||||||
Ogden L. Mills New York |
| |||||||||
William H. Woodin New York |
| |||||||||
Henry Morgenthau, Jr. New York |
| |||||||||
Fred M. Vinson Kentucky |
| |||||||||
John W. Snyder Missouri |
| |||||||||
George M. Humphrey Ohio |
| |||||||||
Robert B. Anderson Connecticut |
| |||||||||
C. Douglas Dillon New Jersey |
| |||||||||
Henry H. Fowler Virginia |
| |||||||||
Joseph W. Barr Indiana |
| |||||||||
David M. Kennedy Utah |
| |||||||||
John B. Connally Texas |
| |||||||||
George P. Shultz Illinois |
| |||||||||
William E. Simon New Jersey |
| |||||||||
W. Michael Blumenthal Michigan |
| |||||||||
G. William Miller Rhode Island |
| |||||||||
Donald T. Regan New Jersey |
| |||||||||
James A. Baker, III Texas |
| |||||||||
Nicholas F. Brady New Jersey |
| |||||||||
Lloyd M. Bentsen Texas |
| |||||||||
Robert E. Rubin New York |
| |||||||||
Lawrence H. Summers Massachusetts |
| |||||||||
Paul H. O'Neill Pennsylvania |
| |||||||||
John W. Snow Virginia |
| |||||||||
Henry M. Paulson, Jr. New York |
|
Bibliography
- Blum, John Morton. From the Morgenthau Diaries: Years of Crisis, 1928-1938 (1959); Years of urgency: 1938-1941 (1965); Years of war, 1941-1945 (1967), a narrative history based very closely on the diaries
- Cannadine, David. Mellon: An American Life (2006)
- Chernow, Ron. Alexander Hamilton (2004) excerpt and text search
- Niven, John. Salmon P. Chase: A Biography (1995 ) excerpt and text search
- Suskind, Ron. The Price of Loyalty: George W. Bush, the White House, and the Education of Paul O'Neill (2004) excerpt and text search
- Walters, Raymond. Albert Gallatin: Jeffersonian Financier And Diplomat (1957) online edition
- White, Leonard D. The Federalists: a Study in Administrative History (1956)
- White, Leonard D. The Jeffersonians: A Study in Administrative History, 1801-1829 (1951)
- White, Leonard D. Jacksonians: A Study In Administrative History, 1829-1861 (1954)
- White, Leonard D. The Republican era;: A study in administrative history, 1869-1901 (1958)
Notes
- ↑ DOI history. Department of the Interior. Retrieved on 2007-11-17.
- ↑ The "Treasurer of the United States" is a separate position, mostly honorific and without power. The Treasurer and Secretary both have their signature on paper currency.
- ↑ http://www.treasury.gov/education/history/secretaries/index.shtml