Alexander Hamilton, the first Secretary of the Treasury, besides collecting and dispersing the public revenue, made the Treasury a prime agency for promoting the country's economic development and fiscal soundness. Since the Great Depression, the Treasury's regulatory functions have been articulated and elaborated. Working with the President's cabinet and with maximum statistical data, the secretaries have sought to analyze the economic outlook and to coordinate official actions, including policies to maintain a strong and stable U.S. dollar. The essays in this book, written by 24 authorities, illustrate how the Secretary of the Treasury is responsible for formulating and recommending domestic and international financial, economic, and tax policy, participating in the formulation of broad fiscal policies with general significance for the economy, and managing the public debt. The biographies illustrate continuing themes of fiscal management as our nation evolved over 200 stormy years of history. They also provide an intimate look at 69 individual secretaries, with stories and facts about their leadership, ideas, style, and administrative prowess, together with their personality and family lives.
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