United States Secretary of the Treasury in the context of "Atomic Weapons Rewards Act of 1955"

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⭐ Core Definition: United States Secretary of the Treasury

The United States secretary of the treasury is the head of the United States Department of the Treasury, and is the chief financial officer of the federal government of the United States. The secretary of the treasury serves as the principal advisor to the president of the United States on all matters pertaining to economic and fiscal policy. The secretary is, by custom, a member of the president's cabinet and, by law, a member of the National Security Council, and fifth in the U.S. presidential line of succession.

Under the Appointments Clause of the United States Constitution, the officeholder is nominated by the president of the United States, and, following a confirmation hearing before the Senate Committee on Finance, will take the office if confirmed by the majority of the full United States Senate.

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United States Secretary of the Treasury in the context of Coinage Act of 1792

The Coinage Act of 1792 (also known as the Mint Act; officially: An act establishing a mint, and regulating the Coins of the United States), passed by the United States Congress on April 2, 1792, created the United States dollar as the country's standard unit of money, established the United States Mint, and regulated the coinage of the United States. This act established the silver dollar as the unit of money in the United States, declared it to be lawful tender, and created a decimal system for U.S. currency.

By the Act, the Mint was to be situated at the seat of government of the United States. The five original officers of the U.S. Mint were a Director, an Assayer, a Chief Coiner, an Engraver, and a Treasurer (not the same as the secretary of the treasury). The Act allowed that one person could perform the functions of Chief Coiner and Engraver. The Assayer, Chief Coiner and Treasurer were required to post a $10,000 bond with the Secretary of the Treasury.

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United States Secretary of the Treasury in the context of Columbia Law School

Columbia Law School (CLS) is the law school of Columbia University, a private Ivy League university in New York City.

The school was founded in 1858 as the Columbia College Law School. The university is known for its legal scholarship dating back to the 18th century. Graduates of the university's colonial predecessor, King's College, include such notable early-American legal figures as John Jay, the first chief justice of the United States, and Alexander Hamilton, the first Secretary of the Treasury, who were co-authors of The Federalist Papers.

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United States Secretary of the Treasury in the context of History of the United States

The land which became the United States was inhabited by Native Americans for tens of thousands of years; their descendants include but may not be limited to 574 federally recognized tribes. The history of the present-day United States began in 1607 with the establishment of Jamestown in modern-day Virginia by settlers who arrived from the Kingdom of England, and the landing of the Mayflower by English pilgrims to Plymouth in 1620. In the late 15th century, European colonization began and largely decimated Indigenous societies through wars and epidemics. By the 1760s, the Thirteen Colonies, then part of British America and the Kingdom of Great Britain, were established. The Southern Colonies built an agricultural system on slave labor and enslaving millions from Africa. After the British victory over the Kingdom of France in the French and Indian Wars, Parliament imposed a series of taxes and issued the Intolerable Acts on the colonies in 1773, which were designed to end self-governance. Tensions between the colonies and British authorities subsequently intensified, leading to the Revolutionary War, which commenced with the Battles of Lexington and Concord on April 19, 1775. In June 1775, the Second Continental Congress established the Continental Army and unanimously selected George Washington as its commander-in-chief. The following year, on July 4, 1776, the Second Continental Congress unanimously declared its independence, issuing the Declaration of Independence. On September 3, 1783, in the Treaty of Paris, the British acknowledged the independence and sovereignty of the Thirteen Colonies, leading to the establishment of the United States. On September 17, 1787, the U.S. Constitution was signed by a majority of delegates, and was later ratified by the Thirteen Colonies, leading to the first modern U.S. government.

In the 1788-89 presidential election, Washington was elected the nation's first U.S. president. Along with his Treasury Secretary, Alexander Hamilton, Washington sought to create a relatively stronger central government than that favored by other founders, including Thomas Jefferson and James Madison. On March 4, 1789, the new nation debated, adopted, and ratified the U.S. Constitution, which is now the oldest and longest-standing written and codified national constitution in the world. In 1791, a Bill of Rights was added to guarantee inalienable rights. In 1803, Jefferson, then serving as the nation's third president, negotiated the Louisiana Purchase, which doubled the size of the country. Encouraged by available, inexpensive land, and the notion of manifest destiny, the country underwent westward expansion in a project of settler colonialism marked by a series of conflicts with the continent's indigenous inhabitants. The most notable advocate of manifest destiny was President James K. Polk, who annexed Texas in 1845, and declared war on Mexico the next year. An overwhelming U.S. victory in the Mexican-American War led to the Treaty of Guadalupe Hidalgo in 1848, where the U.S. acquired much of the American Southwest from Mexico. Whether or not slavery should be legal in the expanded territories was an issue of national contention, and led to increasing tensions over slavery.

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United States Secretary of the Treasury in the context of William Gibbs McAdoo

William Gibbs McAdoo Jr. /ˈmækəˌd/ (October 31, 1863 – February 1, 1941) was an American lawyer and statesman. McAdoo was a leader of the Progressive movement and played a major role in the administration of his father-in-law, President Woodrow Wilson. A member of the Democratic Party, he also represented California in the United States Senate.

Born in Marietta, Georgia, McAdoo moved to Knoxville, Tennessee, in his youth and graduated from the University of Tennessee. He established a legal practice in Chattanooga, Tennessee, before moving to New York City in 1892. He gained fame as the president of the Hudson and Manhattan Railroad Company and served as the vice chairman of the Democratic National Committee. McAdoo worked on Wilson's successful 1912 presidential campaign and served as the United States Secretary of the Treasury from 1913 to 1918. He married Wilson's daughter, Eleanor, in 1914. McAdoo presided over the establishment of the Federal Reserve System and helped prevent an economic crisis after the outbreak of World War I. After the U.S. entered the war, McAdoo also served as the Director General of Railroads. McAdoo left Wilson's Cabinet in 1919, co-founding the law firm of McAdoo, Cotton & Franklin.

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United States Secretary of the Treasury in the context of Salmon P. Chase

Salmon Portland Chase (January 13, 1808 – May 7, 1873) was an American politician and jurist who served as the sixth chief justice of the United States from 1864 to his death in 1873. He earlier served as the 25th United States secretary of the treasury from 1861 to 1864, during the American Civil War in the Abraham Lincoln administration. Chase also served as the 23rd governor of Ohio from 1856 to 1860, and represented Ohio in the United States Senate from 1849 to 1855 and again in 1861. Chase is therefore one of the few American politicians who have held constitutional office in all three branches of the federal government, in addition to serving in the highest state-level office. From the 1850s onward, even as Chief Justice, Chase sought a presidential nomination that never came because he was considered inept.

Born in Cornish, New Hampshire, Chase studied law under Attorney General William Wirt before establishing a legal practice in Cincinnati. He became an anti-slavery activist and frequently defended fugitive slaves in court. Chase left the Whig Party in 1841 to become the leader of Ohio's Liberty Party. In 1848, he helped establish the Free Soil Party and recruited former President Martin Van Buren to serve as the party's presidential nominee. Chase won election to the Senate the following year, and he opposed the Compromise of 1850 and the Kansas–Nebraska Act. In the aftermath of the Kansas–Nebraska Act, Chase helped establish the Republican Party, which opposed the extension of slavery into the territories. After leaving the Senate, Chase served as the first Republican governor of Ohio from 1856 to 1860.

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United States Secretary of the Treasury in the context of United States Treasury

The Department of the Treasury (USDT) is the national treasury and finance department of the federal government of the United States. It is one of 15 current U.S. government departments.

The department oversees the Bureau of Engraving and Printing and the U.S. Mint, two federal agencies responsible for printing all paper currency and minting coins. The treasury executes currency circulation in the domestic fiscal system, collects all federal taxes through the Internal Revenue Service, manages U.S. government debt instruments, licenses and supervises banks and thrift institutions, and advises the legislative and executive branches on fiscal policy. The department is administered by the secretary of the treasury, who is a member of the Cabinet. The treasurer of the United States has limited statutory duties, but advises the Secretary on various matters such as coinage and currency production. Signatures of both officials appear on all Federal Reserve Notes.

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United States Secretary of the Treasury in the context of Henry Morgenthau Jr.

Henry Morgenthau Jr. (/ˈmɔːrɡənθɔː/; May 11, 1891 – February 6, 1967) was the United States Secretary of the Treasury during most of the administration of Franklin D. Roosevelt. He played a major role in designing and financing the New Deal. After 1937, while still in charge of the Treasury, he played the central role in financing the United States participation in World War II. He also played an increasingly major role in shaping foreign policy, especially with respect to Lend-Lease, support for China, helping Jewish refugees, and proposing (in the "Morgenthau Plan") measures to deindustrialize Germany.

Morgenthau was the father of Robert M. Morgenthau, who was district attorney of Manhattan for 35 years; Henry Morgenthau III, an American author and television producer; and noted pediatrician Dr. Joan Morganthau Hirschhorn. He continued as Treasury secretary through the first few months of Harry Truman's presidency, and from June 27, 1945, to July 3, 1945, following the resignation of Secretary of State Edward Stettinius Jr., was next in line to the presidency. Morgenthau was the only Jew to be next in line to the presidency in the presidential line of succession.

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