|
|
|
|
Blogs by Karen Palumbo
On This Day 9/2/1789
9/5/2011 4:48:54 PM
Congress founds United States Treasury
The United States Treasury instution's roots can be traced to 1775, when America's leaders were looking for ways to fund the "American Revolution." Their solution, issuing cash that doubled as redeemable "bills of credit" raised enough capital to fuel the "American Revolution" but also led to the country's first debt.
The Continental Congress attempted to reign in the economy, even forming a pre-Constitutional version of the Treasury. Neither this move, nor the signing of the "Declaration of Independence" which enabled the United States to seek loans from foreign countries proved effective. The debt kept mounting, while war notes rapidly deflated in value.
With the ratification of the American "Constitution" in 1789, the American government established a permanent Treasury Department in hopes of controlling the nation's debt. President George Washington named his former aide-de-camp, Alexander Hamilton to head the new office. The former New York lawyer and staunch Federalist stepped in as Secretary of the Treasury on September 11, 1789.
Alexander Hamilton soon outlined a practical plan for reviving the nation's ailing economy, the government would pay back its seventy-five million dollar war debt and thus repair its badly damaged public credit. Alexander Hamilton had been elected to the Continental Congress from New York in 1782.
Alexander Hamilton demonstrated a near-reactionary political philosophy and quickly became known as a determined proponent of a stronger national government. Alexander Hamilton published several papers with James Madison and John Jay arguing for the ratification of the United States Constitution that are now known as the "Federalist Papers."
As the first Secretary of the Treasury, Alexander Hamilton established most of the centralized monetary institutions of the new nation, including the nation's bank before resigning in January 1795. Alexander Hamilton then returned to the private sector and a law practice in New York City, New York, but remained a close advisor to President Washington.
In 1800, Alexander Hamilton became embroiled in a bitter dispute when he threw his support behind President John Adams re-election campaign instead of Presidential candidate Aaron Burr's. After his defeat, Aaron Burr ran for Governor of New York in 1804. Alexander Hamilton again opposed his candidacy.
Humiliated, Aaron Burr challenged Alexander Hamilton to a duel on July 11, 1804 in Weehawken, New Jersey. Alexander Hamilton was shot in the duel and died of his wound the following day, July 12, 1804, in New York at the age of forty-nine.
(K) (HST)
George Washington American Patriot
American General
President, USA
Alexander Hamilton American Patriot
Secretary of the Treasury
James Madison American Patriot
Presideht, USA
John Jay American Patriot
John Adams American Patriot
President, USA
Aaron Burr American Patriot
Dueled Alexander Hamilton
Comments (2)
More Blogs by Karen Palumbo
• On This Day 9/13/1806 - Thursday, September 22, 2011
• On This Day 9/12/1777 - Thursday, September 22, 2011
• On This Day 9/11/2777 - Thursday, September 22, 2011
• On This Day 9/10/1776 - Thursday, September 22, 2011
• On This Dy 9/9/1850 - Wednesday, September 21, 2011
• On This Day 9/8/1781 - Wednesday, September 21, 2011
• On This Day 9/7/1776 - Wednesday, September 21, 2011
• On This Day 9/6/1781 - Wednesday, September 21, 2011
• On This Day 9/5/1774 - Monday, September 05, 2011
• On This Day 9/4/1780 - Monday, September 05, 2011
• On This Day 9/3/1777 - Monday, September 05, 2011
• On This Day 9/2/1789 - Monday, September 05, 2011
• On This Day 9/1/1775 - Wednesday, August 31, 2011
• On This Day 8/31/1777 - Wednesday, August 31, 2011
• On This Day 8/30/1880 - Wednesday, August 31, 2011
• On This Day 8/29/1779 - Wednesday, August 31, 2011
• On This Day 8/28/1774 - Thursday, August 25, 2011
• On This Day 8/27/1776 - Thursday, August 25, 2011
• On This Day 8/26/1776 - Thursday, August 25, 2011
• On This Day 8/25/1776 - Thursday, August 25, 2011
• On This Day 8/24/1814 - Tuesday, August 23, 2011
• On This Day 8/23/1784 - Tuesday, August 23, 2011
• On This Day 8/22/1776 - Tuesday, August 23, 2011
• On This Day 8/21/1831 - Tuesday, August 23, 2011
• On This Day 8/20/1794 - Sunday, August 21, 2011
• On This Day 8/19/1812 - Sunday, August 21, 2011
• On This Day 8/18/1795 - Sunday, August 21, 2011
• On This Day 8/17/1785 - Sunday, August 21, 2011
• On This Day 8/16/1812 - Thursday, August 18, 2011
• On This Day 8/15/1812 - Thursday, August 18, 2011
• On This Day 8/14/1776 - Thursday, August 18, 2011
• On This Day 8/13/1781 - Thursday, August 18, 2011
• On This Day 8/12/1776 - Wednesday, August 17, 2011
• On this Day 8/11/1718 - Wednesday, August 17, 2011
• On This Day 8/10/1776 - Wednesday, August 17, 2011
• On This Day 8/9/1776 - Wednesday, August 17, 2011
• On This Day 8/8/1775 - Tuesday, August 16, 2011
• On This Day 8/7/1782 - Tuesday, August 16, 2011
• On This Day 8/6/1777 - Tuesday, August 16, 2011
• On This Day 8/5/1779 - Tuesday, August 16, 2011
• On This Day 8/4/1792 - Monday, August 15, 2011
• On This Day 8/3/1797 - Monday, August 15, 2011
• On This Day 8/2/1776 - Monday, August 15, 2011
• On This Day 8/1/1774 - Monday, August 15, 2011
• On This Day 7/31/1777 - Monday, August 01, 2011
• On This Day 7/30/1780 - Monday, August 01, 2011
• On This Day 7/28/1776 - Monday, August 01, 2011
• On This Day 7/29/1778 - Monday, August 01, 2011
• On This Day 7/27/1776 - Thursday, July 28, 2011
• On This Day 7/26/1775 - Thursday, July 28, 2011
• On This Day 7/25/1780 - Thursday, July 28, 2011
• On This Day 7/24/1776 - Wednesday, July 27, 2011
• On This Day 7/23/1793 - Wednesday, July 27, 2011
• On This Day 7/22/1779 - Wednesday, July 27, 2011
• On This Day 7/21/1775 - Wednesday, July 27, 2011
• On This Day 7/20/1780 - Tuesday, July 19, 2011
• On This Day 7/19/1779 - Tuesday, July 19, 2011
• On This Day 7/18/1792 - Tuesday, July 19, 2011
• On This Day 7/17/1776 - Tuesday, July 19, 2011
• On This Day 7/16/1779 - Sunday, July 17, 2011
• On This Day 7/15/1789 - Sunday, July 17, 2011
• On This Day 7/14/1798 - Sunday, July 17, 2011
• On This Day 7/13/1787 - Sunday, July 17, 2011
• On This Day 7/12/1782 - Thursday, July 07, 2011
• On This Day 7/11/1782 - Thursday, July 07, 2011
• On This Day 7/10/1777 - Thursday, July 07, 2011
• On This Day 7/9/1777 - Thursday, July 07, 2011
• On This Day 7/8/1776 - Friday, July 01, 2011
• On This Day 7/7/1777 - Friday, July 01, 2011
• On This Day 7/6/1797 - Friday, July 01, 2011
• On This Day 7/5/1775 - Friday, July 01, 2011
• On This Day 7/4/1776 - Thursday, June 30, 2011
• On This Day 7/3/1775 - Thursday, June 30, 2011
• On This Day 7/2/1776 - Thursday, June 30, 2011
• On This Day 7/1/1775 - Thursday, June 30, 2011
• On This Day 6/30/1775 - Monday, June 27, 2011
• On This Day 6/29/1776 - Monday, June 27, 2011
• On This Day 6/28/1836 - Monday, June 27, 2011
• On This Day 6/27/1775 - Monday, June 27, 2011
• On This Day 6/26/1784 - Friday, June 24, 2011
• On This Day 6/25/1745 - Friday, June 24, 2011
• On This Day 6/24/1803 - Friday, June 24, 2011
• On This Day 6/23/1776 - Friday, June 24, 2011
• On This Day 6/22/1775 - Thursday, June 23, 2011
• On This Day 6/21/1779 - Thursday, June 23, 2011
• On This Day 6/20/1782 - Thursday, June 23, 2011
• On This Day 6/19/1856 - Thursday, June 23, 2011
• On This Day 6/18/1778 - Monday, June 20, 2011
• On This Day 6/17/1775 - Monday, June 20, 2011
• On This Day 6/16/1738 - Monday, June 20, 2011
• On This Day 6/15/1776 - Monday, June 20, 2011
• On This Day 6/14/1777 - Saturday, June 18, 2011
• On This Day 6/13/1777 - Saturday, June 18, 2011
• On This Day 6/12/1776 - Saturday, June 18, 2011
• On This Day 6/11/1776 - Saturday, June 18, 2011
• On This Day 6/10/1775 - Friday, June 17, 2011
• On This Day 6/9/1772 - Friday, June 17, 2011
• On this Day 6/8/1776 - Friday, June 17, 2011
• On This Day 6/7/1776 - Friday, June 17, 2011
• On This Day 6/6/1775 - Wednesday, June 08, 2011
• On This Day 6/5/1723 - Wednesday, June 08, 2011
• On This Day 6/4/1784 - Wednesday, June 08, 2011
• On This Day 6/3/1780 - Wednesday, June 08, 2011
• On This Day 6/2/1774 - Tuesday, June 07, 2011
• On This Day 6/1/1779 - Tuesday, June 07, 2011
• On This Day 5/31/1775 - Tuesday, June 07, 2011
• On This Day 5/30/1806 - Tuesday, June 07, 2011
• On This Day 5/29/1780 - Monday, June 06, 2011
• On This Day 5/28/1754 - Monday, June 06, 2011
• On This Day 5/27/1813 - Monday, June 06, 2011
• On This Day 5/26/1782 - Monday, June 06, 2011
• On This Day 5/25/1787 - Friday, June 03, 2011
• On This Day 5/24/1775 - Friday, June 03, 2011
• On This Day 5/23/1777 - Friday, June 03, 2011
• On This Day 5/22/1781 - Friday, June 03, 2011
• On This Day 5/21/1758 - Wednesday, June 01, 2011
• On This Day 5/20/1778 - Wednesday, June 01, 2011
• On This Day 5/19/1795 - Wednesday, June 01, 2011
• On This Day 5/18/1783 - Wednesday, June 01, 2011
• On This Day 5/17/1769 - Tuesday, May 31, 2011
• On This Day 5/16/1777 - Tuesday, May 31, 2011
• On This Day 5/15/1781 - Tuesday, May 31, 2011
• On This Day 5/14/1787 - Tuesday, May 31, 2011
• On This Day 5/13/1807 - Monday, May 30, 2011
• On This Day 5/12/1780 - Monday, May 30, 2011
• On This Day 5/11/1776 - Monday, May 30, 2011
• On This Day 5/10/1775 - Monday, May 30, 2011
• On This Day 5/9/1791 - Thursday, May 26, 2011
• On This Day 5/8/1792 - Thursday, May 26, 2011
• On This Day 5/7/1763 - Thursday, May 26, 2011
• On This Day 5/6/1775 - Thursday, May 26, 2011
• On This Day 5/5/1776 - Wednesday, May 25, 2011
• On This Day 5/4/1776 - Wednesday, May 25, 2011
• On This Day 5/3/1775 - Wednesday, May 25, 2011
• On This Day 5/2/1740 - Wednesday, May 25, 2011
• On This Day 5/1/1794 - Monday, May 23, 2011
• On This Day 4/30/1776 - Monday, May 23, 2011
• On This Day 4/29/1776 - Monday, May 23, 2011
• On This Day 4/28/1776 - Monday, May 23, 2011
• On This Day 4/27/1773 - Thursday, May 19, 2011
• On This Day 4/26/1711 - Thursday, May 19, 2011
• On This Day 4/25/1781 - Thursday, May 19, 2011
• On This Day 4/24/1781 - Thursday, May 19, 2011
• On This Day 4/23/1778 - Wednesday, May 18, 2011
• On This Day 4/22/1778 - Wednesday, May 18, 2011
• On This Day 4/21/1777 - Wednesday, May 18, 2011
• On This Day 4/20/1777 - Wednesday, May 18, 2011
• On This Day 4/19/1775 - Friday, May 13, 2011
• On This Day 4/18/1775 - Friday, May 13, 2011
• OnThis Day 4/17/1783 - Friday, May 13, 2011
• On This Day 4/16/1738 - Friday, May 13, 2011
• On This Day 4/15/1783 - Wednesday, May 11, 2011
• On This Day 4/14/1775 - Wednesday, May 11, 2011
• On This Day 4/13/1777 - Wednesday, May 11, 2011
• On This Day 4/12/1770 - Wednesday, May 11, 2011
• On This Day 4/11/1721 - Tuesday, May 10, 2011
• On This Day 4/10/1778 - Tuesday, May 10, 2011
• On This Day 4/9/1778 - Tuesday, May 10, 2011
• On This Day 4/8/1775 - Tuesday, May 10, 2011
• On This Day 4/7/1776 - Monday, April 11, 2011
• On This Day 4/6/1776 - Monday, April 11, 2011
• On This Day 4/5/1774 - Monday, April 11, 2011
• On This Day 4/4/1776 - Monday, April 11, 2011
• On This Day 4/3/1776 - Thursday, April 07, 2011
• On This Day 4/2/1777 - Thursday, April 07, 2011
• On This Day 4/1/1789 - Thursday, April 07, 2011
• On This Day 3/31/1776 - Thursday, April 07, 2011
• On This Day 3/30/1775 - Friday, March 25, 2011
• On This Day 3/29/1776 - Friday, March 25, 2011
• On This Day 3/28/1774 - Friday, March 25, 2011
• On This Day 3/27/1775 - Friday, March 25, 2011
• On This Day 3/26/1776 - Wednesday, March 16, 2011
• On This Day 3/25/1774 - Wednesday, March 16, 2011
• On This Day 3/24/1765 - Wednesday, March 16, 2011
• On This Day 3/23/1775 - Wednesday, March 16, 2011
• On This Day 3/22/1765 - Monday, March 14, 2011
• On This Day 3/21/1778 - Monday, March 14, 2011
• On This Day 3/20/1778 - Monday, March 14, 2011
• On This Day 3/19/1734 - Friday, March 11, 2011
• On This Day 3/18/1766 - Friday, March 11, 2011
• On This Day 3/17/1776 - Friday, March 11, 2011
• On This Day 3/16/1751 - Wednesday, March 09, 2011
• On This Day 3/15/1783 - Wednesday, March 09, 2011
• On This Day 3/14/1776 - Wednesday, March 09, 2011
• On This Day 3/13/1733 - Wednesday, March 09, 2011
• On This Day 3/12/1776 - Tuesday, March 08, 2011
• On This Day 3/11/1779 - Tuesday, March 08, 2011
• On This Day 3/10/1792 - Tuesday, March 08, 2011
• On This Day 3/9/1781 - Tuesday, March 08, 2011
• On This Day 3/8/1782 - Friday, March 04, 2011
• On This Day 3/7/1777 - Friday, March 04, 2011
• On This Day 3/6/1776 - Friday, March 04, 2011
• On This Day 3/5/1770 - Friday, March 04, 2011
• On This Day 3/4/1776 - Thursday, March 03, 2011
• On This Day 3/3/1776 - Thursday, March 03, 2011
• On This Day 3/2/1776 - Thursday, March 03, 2011
• On This Day 3/1/1781 - Thursday, March 03, 2011
• On This Day 1/30/1781 - Friday, January 21, 2011
• On This Day 1/29/1777 - Friday, January 21, 2011
• On This Day 1/28/1777 - Friday, January 21, 2011
• On This Day 1/27/1785 - Friday, January 21, 2011
• On This Day 1/26/1779 - Thursday, January 20, 2011
• On This Day 1/25/1776 - Thursday, January 20, 2011
• On This Day 1/24/1781 - Thursday, January 20, 2011
• On This Day 1/23/1775 - Thursday, January 20, 2011
• On This Day 1/22/1779 - Wednesday, January 19, 2011
• On This Day 1/21/1738 - Wednesday, January 19, 2011
• On This Day 1/20/1777 - Wednesday, January 19, 2011
• On This Day 1/19/1764 - Wednesday, January 19, 2011
• On This Day 1/18/1776 - Saturday, January 15, 2011
• On This Day 1/17/1781 - Saturday, January 15, 2011
• On This Day 1/16/1780 - Saturday, January 15, 2011
• On This Day 1/15/1777 - Saturday, January 15, 2011
• On This Day 1/14/1784 - Friday, January 14, 2011
• On This Day 1/13/1776 - Friday, January 14, 2011
• On This Day 1/12/1777 - Friday, January 14, 2011
• On This Day 1/11/1775 - Friday, January 14, 2011
• On This Day 1/10/1861 - Thursday, January 13, 2011
• On This Day 1/9/1861 - Thursday, January 13, 2011
• On This Day 1/8/1821 - Thursday, January 13, 2011
• On This Day 1/7/1864 - Thursday, January 13, 2011
• On This Day 1/6/1827 - Tuesday, January 11, 2011
• On This Day 1/5/1861 - Tuesday, January 11, 2011
• On This Day 1/4/1863 - Tuesday, January 11, 2011
• On This Day 1/3/1861 - Tuesday, January 11, 2011
• On This Day 1/2/1863 - Monday, January 10, 2011
• On This Day 1/1/1863 - Monday, January 10, 2011
• On This Day 12/31/1775 - Monday, January 10, 2011
• On This Day 12/30/1803 - Monday, January 10, 2011
• On this Day 12/29/1778 - Friday, January 07, 2011
• On This Day 12/28/1781 - Friday, January 07, 2011
• On This Day 12/27/1780 - Friday, January 07, 2011
• On This Day 12/26/1776 - Friday, January 07, 2011
• On This Day 12/25/1776 - Thursday, January 06, 2011
• On This Day 12/24/1745 - Thursday, January 06, 2011
• On This Day 12/23/1783 - Thursday, January 06, 2011
• On This Day 12/22/1775 - Thursday, January 06, 2011
• On This Day 12/21/1761 - Wednesday, January 05, 2011
• On This Day 12/20/1783 - Wednesday, January 05, 2011
• On This Day 12/19/1776 - Wednesday, January 05, 2011
• On This Day 12/18/1777 - Wednesday, January 05, 2011
• On This Day 12/17/1777 - Tuesday, January 04, 2011
• On This Day 12/16/1773 - Tuesday, January 04, 2011
• On This Day 12/15/1791 - Tuesday, January 04, 2011
• On This Day 12/14/1777 - Tuesday, January 04, 2011
• OnThis Day 12/13/1776 - Monday, December 13, 2010
• On This Day 12/12/1787 - Monday, December 13, 2010
• On This Day 12/11/1777 - Monday, December 13, 2010
• On This Day 12/10/1778 - Monday, December 13, 2010
• On This Day 12/9/1775 - Thursday, December 02, 2010
• On This Day 12/8/1775 - Thursday, December 02, 2010
• On This Day 12/7/1787 - Thursday, December 02, 2010
• On This Day 12/6/1777 - Thursday, December 02, 2010
• On This Day 12/5/1776 - Monday, November 29, 2010
• On This Day 12/4/1780 - Monday, November 29, 2010
• On This Day 12/3/1776 - Monday, November 29, 2010
• On This Day 12/2/1777 - Monday, November 29, 2010
• On this Day 12/1/1779 - Wednesday, November 24, 2010
• On This Day 11/30/1776 - Wednesday, November 24, 2010
• On This Day 11/29/1775 - Wednesday, November 24, 2010
• On This Day 11/28/1777 - Wednesday, November 24, 2010
• On This Day 11/27/1746 - Tuesday, November 23, 2010
• On This Day 11/26/1776 - Tuesday, November 23, 2010
• On This Day 11/25/1783 - Tuesday, November 23, 2010
• On This Day 11/24/1807 - Tuesday, November 23, 2010
• On This Day 11/23/1749 - Monday, November 22, 2010
• On This Day 11/22/1783 - Monday, November 22, 2010
• On This Day 11/21/1776 - Monday, November 22, 2010
• On This Day 11/20/1789 - Monday, November 22, 2010
• On This Day 11/19/1776 - Tuesday, November 16, 2010
• On This Day 11/18/1776 - Tuesday, November 16, 2010
• On This Day 11/17/1777 - Tuesday, November 16, 2010
• On This Day 11/16/1776 - Tuesday, November 16, 2010
• On This Day 11/15/1777 - Monday, November 15, 2010
• On This Day 11/14/1776 - Monday, November 15, 2010
• On This Day 11/13/1775 - Monday, November 15, 2010
• On This Day 11/12/1775 - Monday, November 15, 2010
• On This Day 11/11/1778 - Saturday, October 30, 2010
• On This Day 11/10/1775 - Saturday, October 30, 2010
• On This Day 11/9/1780 - Saturday, October 30, 2010
• On This Day 11/8/1775 - Saturday, October 30, 2010
• On This Day 11/7/1776 - Wednesday, October 27, 2010
• On This Day 11/6/1789 - Wednesday, October 27, 2010
• On This Day 11/5/1775 - Wednesday, October 27, 2010
• On This Day 11/4/1801 - Wednesday, October 27, 2010
• On This Day 11/3/1777 - Thursday, October 21, 2010
• On This Day 11/2/1777 - Thursday, October 21, 2010
• On This Day 11/1/1765 - Thursday, October 21, 2010
• On This Day 10/31/1776 - Thursday, October 21, 2010
• On This Day 10/30/1775 - Tuesday, October 19, 2010
• On This Day 10/29/1777 - Tuesday, October 19, 2010
• On This Day 10/28/1775 - Tuesday, October 19, 2010
• On This Day 10/27/1775 - Tuesday, October 19, 2010
• On This Day 10/26/1776 - Monday, October 18, 2010
• On This Day 10/25/1774 - Monday, October 18, 2010
• On This Day 10/24/1775 - Monday, October 18, 2010
• On This Day 10/23/1777 - Monday, October 18, 2010
• On This Day 10/22/1775 - Friday, October 15, 2010
• On This Day 10/21/1779 - Friday, October 15, 2010
• On This Day 10/20/1774 - Friday, October 15, 2010
|
|
Bookmarks
