1808 - 1895
Hugh McCulloch Politician
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Hugh McCulloch is a member of the following lists: Bowdoin College alumni, Indiana Republicans and Maryland Republicans.
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Details
| First Name |
Hugh
|
| Last Name |
McCulloch
|
| Birthday |
7th December, 1808
|
| Birthplace |
Kennebunk, Maine, U.S.
|
| Died |
24th May, 1895
|
| Place of Death |
Prince George's County, Maryland, U.S.
|
| Zodiac Sign |
Sagittarius
|
| Occupation |
Politician
|
Hugh McCulloch (December 7, 1808 – May 24, 1895), a New England Yankee, was an American financier who played a central role in financing the American Civil War. He served two non-consecutive terms as U.S. Treasury Secretary under three presidents. He was originally opposed to the creation of a system of national banks, but his reputation as head of the Bank of Indiana 1857 to 1863 persuaded the Treasury to bring him in to supervise the new system as Comptroller of the Currency 1863–65. As Secretary of the Treasury 1865–69 he reduced and funded the gigantic Civil War debt of the union, and reestablish the federal taxation system across the former Confederacy. He tried but failed to make a rapid return to the gold standard.
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