Superintendent of Finance of the United States

Superintendent of Finance of United States
Appointer Congress of the Confederation
Inaugural holder Robert Morris
Formation 1781
Final holder Robert Morris
Abolished 1784
Deputy Gouverneur Morris

The post of Superintendent of Finance of the United States was one of three executive offices created by the Congress of the Confederation in 1781. Another office, Agent of the Marine, was also create was not directly filled but devolved on to the Superintendent.[1] The only person to hold the office was Robert Morris, who served from 1781 to 1784,[2] with the assistance of Gouverneur Morris. Its powers were analogous to that of Secretary of the Treasury or the Prime Minister of many British Commonwealth countries.

The Bank of North America was chartered on December 31, 1781 by the Congress of the Confederation and opened on January 7, 1782, at the prodding of Robert Morris.[2] This was thus the nation's first de facto central bank, following in the footsteps of the Bank of England until 1785, when the Bank’s charter within the Commonwealth of Pennsylvania was revoked.

After Morris resigned, the post was taken over by a committee of three.

See also

Further reading

Reference

  1. ^ Benson J. Lossing. Household History for All Readers]. 1877. Republished in Our Country vol. 2
  2. ^ a b "Robert Morris". Signers of the Declaration Biographically Sketches. National Park Services. http://www.cr.nps.gov/history/online_books/declaration/bio33.htm. Retrieved 4 April 2011.