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Superintendent Of Finance Of The United States
Superintendent of Finance of the United States was the head of Department of Finance, which is an executive office during the Confederation period with power similar to a finance ministry. The only person to hold the office was Robert Morris, who served from 1781 to 1784, with the assistance of Gouverneur Morris. Background Various boards and committees were formed from June 3, 1775, on to handle financial matters for the provisional government of the United States, the Continental Congress. But, as early as 1776, dissatisfaction with this system led Robert Morris, in a message to a Committee of Secret Correspondence, to argue for the use of executives. Congress was open to other methods of finance administration. In late 1778 after the Franco-American alliance formed, a congressional appeal to Welsh finance writer Dr. Richard Price was made for him to come and reorganize their finances, which he declined. In early 1779, Congress requested that their European agents look into me ...
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Robert Morris (financier)
Robert Morris Jr. (January 20, 1734May 8, 1806) was an English-born American merchant, investor and politician who was one of the Founding Fathers of the United States. He served as a member of the Pennsylvania legislature, the Second Continental Congress, and the United States Senate, and was one of only two people to sign the United States Declaration of Independence, Declaration of Independence, the Articles of Confederation, and the Constitution of the United States, U.S Constitution; the other being Roger Sherman. From 1781 to 1784, he served as the Superintendent of Finance of the United States, becoming known as the "Financier of the Revolution." Along with Alexander Hamilton and Albert Gallatin, he is widely regarded as one of the founders of the financial system of the United States. Born in Liverpool, Morris was brought to North America by his father when he was 13 years old, quickly becoming a partner in a successful shipping firm based in Philadelphia. In the afterma ...
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Alexander McDougall
Alexander McDougall (1732 9 June 1786) was a Scottish-born American seaman, merchant, a Sons of Liberty leader from New York City before and during the American Revolution, and a military leader during the Revolutionary War. He served as a major general in the Continental Army, and as a delegate to the Continental Congress. After the war, he was the president of the first bank in the state of New York and served a term in the New York State Senate. Early life McDougall was born on the Isle of Islay, in the Inner Hebrides of Scotland in the summer of 1732. He was one of the five children of Ranald and Elizabeth McDougall. In 1738 the family emigrated to New York as part of a party led by a British Army veteran, Captain Lachlan Campbell. Campbell had described fertile land available near Fort Edward, but when they arrived in New York City, they discovered that Lachlan had been awarded a patent for about and expected them to become tenants to his estate. Ranald withdrew and fo ...
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British Commonwealth
The Commonwealth of Nations, often referred to as the British Commonwealth or simply the Commonwealth, is an international association of 56 member states, the vast majority of which are former territories of the British Empire The British Empire comprised the dominions, Crown colony, colonies, protectorates, League of Nations mandate, mandates, and other Dependent territory, territories ruled or administered by the United Kingdom and its predecessor states. It bega ... from which it developed. They are connected through their English in the Commonwealth of Nations, use of the English language and cultural and historical ties. The chief institutions of the organisation are the Commonwealth Secretariat, which focuses on intergovernmental relations, and the Commonwealth Foundation, which focuses on non-governmental relations between member nations. Numerous List of Commonwealth organisations, organisations are associated with and operate within the Commonwealth. The Com ...
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Prime Minister
A prime minister or chief of cabinet is the head of the cabinet and the leader of the ministers in the executive branch of government, often in a parliamentary or semi-presidential system. A prime minister is not the head of state, but rather the head of government, serving as the chief of the executive under either a monarch or a president in a republican form of government. In parliamentary systems of government (be they constitutional monarchies or parliamentary republics), the Prime Minister (or occasionally a similar post with a different title, such as the Chancellor of Germany) is the most powerful politician and the functional leader of the state, by virtue of commanding the confidence of the legislature. The head of state is typically a ceremonial officer, though they may exercise reserve powers to check the Prime Minister in unusual situations. Under some presidential systems, such as South Korea and Peru, the prime minister is the leader or the most s ...
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US 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. The secretary of state, the secretary of the treasury, the secretary of defense, and the attorney general are generally regarded as the four most important Cabinet offici ...
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Decimalisation
Decimalisation or decimalization (see American and British English spelling differences, spelling differences) is the conversion of a system of currency or of weights and measures to units related by Power of 10, powers of 10. Most countries have decimalised their currencies, converting them from non-decimal sub-units to a decimal system, with one basic currency unit and sub-units that are valued relative to the basic unit by a power of 10 (number), 10, most commonly 100 and exceptionally 1000, and sometimes at the same time, changing the name of the currency and/or the conversion rate to the new currency. Today, only two countries have ''de jure'' non-decimal currencies, these being Mauritania (where 1 Mauritanian ouguiya, ouguiya = 5 khoums) and Madagascar (where 1 Malagasy ariary, ariary = 5 iraimbilanja): however, these currencies are ''de facto'' decimal as the value of both currencies' main unit is now so low that the sub-units are too small to be of any practical use, and ...
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Pennsylvania
Pennsylvania, officially the Commonwealth of Pennsylvania, is a U.S. state, state spanning the Mid-Atlantic (United States), Mid-Atlantic, Northeastern United States, Northeastern, Appalachian, and Great Lakes region, Great Lakes regions of the United States. It borders Delaware to its southeast, Maryland to its south, West Virginia to its southwest, Ohio and the Ohio River to its west, Lake Erie and New York (state), New York to its north, the Delaware River and New Jersey to its east, and the Provinces and territories of Canada, Canadian province of Ontario to its northwest via Lake Erie. Pennsylvania's most populous city is Philadelphia. Pennsylvania was founded in 1681 through a royal land grant to William Penn, the son of William Penn (Royal Navy officer), the state's namesake. Before that, between 1638 and 1655, a southeast portion of the state was part of New Sweden, a Swedish Empire, Swedish colony. Established as a haven for religious and political tolerance, the B ...
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Central Bank
A central bank, reserve bank, national bank, or monetary authority is an institution that manages the monetary policy of a country or monetary union. In contrast to a commercial bank, a central bank possesses a monopoly on increasing the monetary base. Many central banks also have supervisory or regulatory powers to ensure the stability of commercial banks in their jurisdiction, to prevent bank runs, and, in some cases, to enforce policies on financial consumer protection, and against bank fraud, money laundering, or terrorism financing. Central banks play a crucial role in macroeconomic forecasting, which is essential for guiding monetary policy decisions, especially during times of economic turbulence. Central banks in most developed nations are usually set up to be institutionally independent from political interference, even though governments typically have governance rights over them, legislative bodies exercise scrutiny, and central banks frequently do show resp ...
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Bank Of North America
The Bank of North America was the first chartered bank in the United States, and served as the country's first ''de facto'' central bank. It was chartered by the Congress of the Confederation on May 26, 1781, and opened in Philadelphia, Pennsylvania, on January 7, 1782. The bank's founding was based on a plan presented by Superintendent of Finance of the United States, Superintendent of Finance Robert Morris (financier), Robert Morris on May 17, 1781, including recommendations by American Revolution, Revolutionary-era Founding Fathers of the United States, Founding Father Alexander Hamilton, who was appointed the first United States Secretary of the Treasury, U.S. Secretary of the Treasury by George Washington. Although Hamilton later noted the bank's "essential" contribution to the American Revolutionary War, the Pennsylvania government objected to its privileges and reincorporated it under state law, making it unsuitable as a national bank under the Constitution of the Unite ...
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George Washington
George Washington (, 1799) was a Founding Fathers of the United States, Founding Father and the first president of the United States, serving from 1789 to 1797. As commander of the Continental Army, Washington led Patriot (American Revolution), Patriot forces to victory in the American Revolutionary War against the British Empire. He is commonly known as the Father of the Nation for his role in bringing about American independence. Born in the Colony of Virginia, Washington became the commander of the Virginia Regiment during the French and Indian War (1754–1763). He was later elected to the Virginia House of Burgesses, and opposed the perceived oppression of the American colonists by the British Crown. When the American Revolutionary War against the British began in 1775, Washington was appointed Commanding General of the United States Army, commander-in-chief of the Continental Army. He directed a poorly organized and equipped force against disciplined British troops. Wa ...
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Yorktown Campaign
The Yorktown campaign, also known as the Virginia campaign, was a series of military maneuvers and battles during the American Revolutionary War that culminated in the siege of Yorktown in October 1781. The result of the campaign was the surrender of the British Army force of General Charles Earl Cornwallis, an event that led directly to the beginning of serious peace negotiations and the eventual end of the war. The campaign was marked by disagreements, indecision, and miscommunication on the part of British leaders, and by a remarkable set of cooperative decisions, at times in violation of orders, by the French and Americans. The campaign involved land and naval forces of Great Britain and France, and land forces of the United States. British forces were sent to Virginia between January and April 1781 and joined with Cornwallis's army in May, which came north from an extended campaign through the southern states. These forces were first opposed weakly by Virginia militia, ...
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United States Secretary Of The Navy
The Secretary of the Navy (SECNAV) is a statutory officer () and the head (chief executive officer) of the United States Department of the Navy, Department of the Navy, a military department within the United States Department of Defense. On March 25, 2025, John Phelan (businessman), John Phelan was confirmed as Secretary of the Navy. By law, the Secretary of the Navy must civilian control of the military, be a civilian at least five years removed from active military service. The secretary is appointed by the President of the United States, president and requires confirmation by the United States Senate, Senate. History The position of Secretary of the Navy was created in 1798. It was a member of the president's United States Cabinet, Cabinet until 1949, when the Secretary of the Navy (and the secretaries of the United States Secretary of the Army, Army and United States Secretary of the Air Force, Air Force) were by amendments to the National Security Act of 1947 made subord ...
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