The Secretary of War was a member of the President'sCabinet since Washington's administration. At first, he was responsible for all military affairs. In 1798, the Secretary of the Navy was added to the cabinet, and the scope of this office was reduced to a general concern with the Army. In 1947, the departments were recombined under the Secretary of Defense. The Secretary of War was replaced by the Secretary of the Army[?], a non-Cabinet position under the Secretary of Defense.
... that the Real would no longer be pegged to the US dollar. This devaluation helped moderate the downturn in economic growth in 1999 that investors had expressed concerns ...