The Founders and Finance : How Hamilton, Gallatin, and Other Immigrants Forged a New Economy.
- 1st ed.
- 1 online resource (496 pages)
Intro -- Contents -- Introduction -- Part I. Alexander Hamilton 1757-1804 -- 1. St. Croix and Trauma -- 2. New York and Promise -- 3. War and Heroism -- 4. Love and Social Status -- 5. The Roots of His Thinking -- 6. Robert Morris, Hamilton, and Finance -- 7. The Constitution -- 8. New Government, Old Debt -- 9. The Fight over the Debt -- 10. The Bank of the United States -- 11. Diversifying the Economy -- 12. Tensions and Political Parties -- 13. The Decline -- 14. The Duel -- Part II. Albert Gallatin 1761-1849 -- 15. Choosing the New World -- 16. Moving to the West -- 17. Entering Politics -- 18. Becoming Jeffersonian -- 19. The Climb to Power -- 20. Debt, Armaments, and Louisiana -- 21. Developing the West -- 22. Embargo and Frustration -- 23. Dispiriting Diplomacy -- 24. The Fate of the Bank -- 25. Financing the Wayward War -- 26. Winning the Peace -- 27. His Long and Useful Life -- Part III. The Legacies -- 28. Immigrant Exceptionalism? -- 29. Comparisons and Contingencies -- 30. Capitalism and Credit -- 31. The Political Economy of Hamilton and Gallatin -- Notes -- Acknowledgments -- Credits -- Index.
In 1776 the U.S. owed huge sums to foreign creditors and its own citizens but, lacking the power to tax, had no means to repay them. This is the first book to tell the story of how foreign-born financial specialists--the immigrant founders Hamilton and Gallatin--solved the fiscal crisis and set the nation on a path to long-term economic prosperity.
9780674067660
Hamilton, Alexander,-1757-1804. Gallatin, Albert,-1761-1849. United States.-Department of the Treasury-History. Finance, Public-United States-History. Monetary policy-United States-History. United States-Economic policy. United States-History-Revolution, 1775-1783. United States-History-1783-1865. United States-Politics and government-1783-1865.