Battle of New Orleans.
Showing posts with label loans. Show all posts
Showing posts with label loans. Show all posts

Wednesday, August 3, 2016

Tennessee's George Washington Campbell-- Part 2: Secretary of the Treasury

Due to the tremendously unsettled nature of the period, his tenure in the Treasury is often viewed as a failure.

In order to gain badly needed funds to finance the war, Campbell arranged to borrow money from Europe through the assistance of American businessman John Jacob Astor.  Overwhelmed by the failures of the Treasury Department and his own poor health, he resigned his cabinet post in September 1814.

--Brock-Perry