USA HISTORY

Detailed explanation-1: -At the inauguration of the constitutional government in 1789 Alexander Hamilton (1757-1804), George Washington’s former military aide and a renowned financier, was appointed the first Secretary of the Treasury and thus he became the architect of the structure of the Department.

Detailed explanation-2: -As Secretary of the Treasury, Hamilton was in large part responsible for setting up our modern banking system, establishing the federal budget process, and establishing the Bank of the United States.

Detailed explanation-3: -Alexander Hamilton served as Washington’s aide during the Revolutionary War, the first Secretary of Treasury under Washington’s administration, and is considered to be the founder of our nation’s economic system.