MCCULLOCH, HUGH


Meaning of MCCULLOCH, HUGH in English

born , Dec. 7, 1808, Kennebunk, Maine, U.S.

died May 24, 1895, near Washington, D.C.

U.S. financier and statesman.

After teaching school in Boston, he moved in 1833 to Fort Wayne, Ind., where he was a lawyer and then a banker. Appointed U.S. secretary of the treasury (1865–69), he attempted to return the U.S. to the gold standard by withdrawing from circulation the paper money that had been issued during the American Civil War , but he was thwarted by public opposition. He was again secretary of the treasury from 1884 to 1885.

Hugh McCulloch

By courtesy of the Library of Congress, Washington, D.C.

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