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Unformatted text preview: President Washington looked to people he knew and trusted to fill his small cabinet. Washington named Thomas Jefferson as his Secretary of State, Henry Knox as his Secretary of War, and Hamilton as his Secretary of the Treasury. Although Hamilton came to be known as the most important Secretary of the Treasury in U.S. history, he spent only five years in that position. Hamilton began his tenure as Secretary of the Treasury by drafting a report on the future of American economic stability entitled [A] Report on the Public Credit. This was the first of two such reports; the second was published just before Hamilton resigned from the cabinet in 1795. This first report outlined Hamilton's recommendation to the President and to Congress concerning the best methods to eliminate the national debt. By the time the Constitution came into effect in 1792, the United States had borrowed nearly forty million dollars from other...
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This note was uploaded on 12/26/2011 for the course HIST 101 taught by Professor Womer during the Fall '08 term at Texas State.
- Fall '08
- The Federalist Papers