Former United States Secretary of the Treasury Alexander Hamilton dies a day after being shot in a duel.
The BurrHamilton duel took place in Weehawken, New Jersey, between Aaron Burr, the Vice President of the United States, and Alexander Hamilton, the first and former Secretary of the Treasury, on the morning of July 11, 1804. The duel was the culmination of a bitter rivalry that had developed between both men who had become high-profile politicians in postcolonial America. In the duel Burr fatally shot Hamilton, while Hamilton fired into a tree branch above and behind Burr's head. Hamilton was taken back across the Hudson River and died the following day in New York.The death of Hamilton led to the permanent weakening of the Federalist Party and its demise in American domestic politics. It also effectively ended the political career of Burr, who was vilified for shooting Hamilton; he never held another high office after his tenure of vice president ended in 1805.
The United States secretary of the treasury is the head of the United States Department of the Treasury, which is concerned with all financial and monetary matters relating to the federal government, and, until 2003, also included several major federal law enforcement agencies. The secretary of the treasury is the principal economic advisor to the president of the United States and plays a critical role in policy-making by bringing an economic and government financial policy perspective to issues facing the federal government. The secretary of the treasury is a member of the United States Cabinet, and is nominated by the president of the United States. Nominees for Secretary of the Treasury undergo a confirmation hearing before the United States Senate Committee on Finance, prior to a vote by the 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 officials, due to the size and importance of their respective departments.The secretary of the treasury is a statutory member of the United States National Security Council and is fifth in the United States presidential line of succession.
The current secretary of the treasury is Janet Yellen. She is the first woman to hold the post.