George S. Boutwell

(noun)

An American statesman who served as secretary of the Treasury under President Ulysses S. Grant, the 20th Governor of Massachusetts, a senator and representative from Massachusetts, and the first commissioner of internal revenue under President Abraham Lincoln.

Related Terms

  • The Public Credit Act of 1869
  • greenbacks
  • national debt

Examples of George S. Boutwell in the following topics:

  • The Government Debt

    • Ulysses S.
    • Grant's presidency, Treasury Secretary George Boutwell helped reduce federal expenditures to $292 million in 1871, which was down from $322 million in 1869.
    • Boutwell also reorganized and reformed the U.S.
    • George S.
    • Boutwell served as secretary of the Treasury under Ulysses S.
  • Scandals

    • Ulysses S.
    • The presidency of Ulysses S.
    • On the same day, Boutwell also ordered the closing of the Tenth National Bank.
    • This spurred Boutwell to release $4 million in gold specie into the market and buy $4 million in bonds.
    • The gold panic devastated the U.S. economy for months.
  • The Election of 1988

    • The 1988 United States presidential election was defined by the victory of Republican George H.W.
    • Reagan's Vice President George H.
    • The result was a third consecutive Republican landslide victory and George H.
    • Bush's victory percentage – 53.4% — has not yet been surpassed in any subsequent presidential election, and he was the last candidate to get a majority of the popular vote until his son George W.
    • Official portrait of George H.
  • Pursuing Both War and Peace

    • In 1775, the Colonies proposed the Olive Branch Petition to reconcile with Britain and avert war, but King George III denied the petition.
    • In August 1775, upon learning of the Battle of Bunker Hill, King George III issued a Proclamation for Suppressing Rebellion and Sedition.
    • On October 26, 1775, King George III expanded on the Proclamation of Rebellion in his Speech from the Throne at the opening of Parliament.
    • King George indicated that he intended to deal with the crisis with armed force.
    • The Proclamation of Rebellion was King George III's response to the Olive Branch Petition.
  • The George W. Bush Administration

    • George W.
    • The presidency of George W.
    • The oldest son of former president George H.
    • Bush, George W.
    • President George W.
  • George H.W. Bush Abroad

    • Foreign policy during George H.
    • The planning of a ground operation by U.S.
    • President George H.W.
    • Bush greets U.S. troops in Saudi Arabia, 1990
    • President George H.
  • The American Military Forces

    • The Second Continental Congress established the Continental Army in June 1775 and elected George Washington as Commander-in-Chief.
    • On June 15, 1775, George Washington was elected as Commander-in-Chief of the Continental Army.
    • George Washington served as commander-in-chief for the duration of the Revolutionary War without compensation.
  • The Recession

    • Under George H.
    • The U.S. economy continued to grow as a whole, although certain sectors of the market such as energy and real estate slumped.
    • While the election campaign of George H.
  • The Social Problem

    • Progress and Poverty: An Inquiry into the Cause of Industrial Depressions and of Increase of Want with Increase of Wealth was written by Henry George in 1879 and is a treatise on the cyclical nature of an industrial economy and its remedies.
    • In Progress and Poverty, George examines various proposed strategies to prevent business depressions, unemployment, and poverty, but finds them unsatisfactory.
    • George argued that a land value tax would give landowners an incentive to use the land in a productive way, thereby employing labor and creating wealth, or to sell the land to those who could and would themselves use the land in a productive way.
    • Henry George proposed a "single tax" that would be leveled on the rich and poor alike, with the excess money collected used to equalize wealth and level out society.
    • The works of authors such as George and Bellamy became popular, and soon clubs were created across America to discuss their ideas, although these organizations rarely made any real social change.
  • Calls for a Stronger Constitution

    • On March 25–28, 1785, delegates from Virginia and Maryland met at George Washington's estate in Mount Vernon, Virginia.
    • Thomas Jenifer, and Thomas Stone of Maryland; and Alexander Henderson and George Mason of Virginia.
    • While serving as George Washington's top aide, Alexander Hamilton also realized that a strong central government was necessary for avoiding foreign intervention and alleviating the frustrations caused by an ineffectual Congress.
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