Hamilton's Blessing

Hamilton's Blessing PDF Author: John Steele Gordon
Publisher: Bloomsbury Publishing USA
ISBN: 0802717993
Category : History
Languages : en
Pages : 238

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Book Description
"Reprint. Originally published in 1997."--T.p. verso.

Hamilton's Blessing

Hamilton's Blessing PDF Author: John Steele Gordon
Publisher: Bloomsbury Publishing USA
ISBN: 0802717993
Category : History
Languages : en
Pages : 238

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Book Description
"Reprint. Originally published in 1997."--T.p. verso.

One Nation Under Debt: Hamilton, Jefferson, and the History of What We Owe

One Nation Under Debt: Hamilton, Jefferson, and the History of What We Owe PDF Author: Robert E. Wright
Publisher: McGraw Hill Professional
ISBN: 0071543945
Category : Business & Economics
Languages : en
Pages : 433

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Book Description
Like its current citizens, the United States was born in debt-a debt so deep that it threatened to destroy the young nation. Thomas Jefferson considered the national debt a monstrous fraud on posterity, while Alexander Hamilton believed debt would help America prosper. Both, as it turns out, were right. One Nation Under Debt explores the untold history of America's first national debt, which arose from the immense sums needed to conduct the American Revolution. Noted economic historian Robert Wright, Ph.D. tells in riveting narrative how a subjugated but enlightened people cast off a great tyrant-“but their liberty, won with promises as well as with the blood of patriots, came at a high price.” He brings to life the key events that shaped the U.S. financial system and explains how the actions of our forefathers laid the groundwork for the debt we still carry today. As an economically tenuous nation by Revolution's end, America's people struggled to get on their feet. Wright outlines how the formation of a new government originally reduced the nation's debt-but, as debt was critical to this government's survival, it resurfaced, to be beaten back once more. Wright then reveals how political leaders began accumulating massive new debts to ensure their popularity, setting the financial stage for decades to come. Wright traces critical evolutionary developments-from Alexander Hamilton's creation of the nation's first modern capital market, to the use of national bonds to further financial goals, to the drafting of state constitutions that created non-predatory governments. He shows how, by the end of Andrew Jackson's administration, America's financial system was contributing to national growth while at the same time new national and state debts were amassing, sealing the fate for future generations.

Alexander Hamilton on Finance, Credit, and Debt

Alexander Hamilton on Finance, Credit, and Debt PDF Author: Richard Sylla
Publisher: Columbia University Press
ISBN: 023154555X
Category : Business & Economics
Languages : en
Pages : 527

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Book Description
“A treasure trove for financial and public policy geeks . . . will also help lay readers go beyond the hit musical in understanding Hamilton’s lasting significance.” —Publishers Weekly While serving as the first treasury secretary from 1789 to 1795, Alexander Hamilton engineered a financial revolution. He established the treasury debt market, the dollar, and a central bank, while strategically prompting private entrepreneurs to establish securities markets and stock exchanges and encouraging state governments to charter a number of commercial banks and other business corporations. Yet despite a recent surge of interest in Hamilton, US financial modernization has not been fully recognized as one of his greatest achievements. This book traces the development of Hamilton’s financial thinking, policies, and actions through a selection of his writings. Financial historians and Hamilton experts Richard Sylla and David J. Cowen provide commentary that demonstrates the impact Hamilton had on the modern economic system, guiding readers through Hamilton’s distinguished career. It showcases Hamilton’s thoughts on the nation’s founding, the need for a strong central government, problems such as a depreciating paper currency and weak public credit, and the architecture of the financial system. His great state papers on public credit, the national bank, the mint, and manufactures instructed reform of the nation’s finances and jumpstarted economic growth. Hamilton practiced what he preached: he played a key role in the founding of three banks and a manufacturing corporation—and his deft political maneuvering and economic savvy saved the fledgling republic’s economy during the country’s first full-blown financial crisis in 1792. “A fascinating examination of Hamiltonian economics.” —The Washington Times

Hamilton and the National Debt

Hamilton and the National Debt PDF Author: George Rogers Taylor
Publisher: Wildside Press LLC
ISBN: 1434450457
Category : Business & Economics
Languages : en
Pages : 126

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Book Description
A study on problems in American civilization, prepared by the Department of American Studies, Amherst College.

Freedom from National Debt

Freedom from National Debt PDF Author: Frank N. Newman
Publisher: Hillcrest Publishing Group
ISBN: 1626520380
Category : Business & Economics
Languages : en
Pages : 105

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Book Description
America is unjustly worried about "national debt," believing it can no longer do the many things that mark it as a great nation. Discussions of national undertakings including infrastructure repair, jobs programs, military modernization, and disease prevention - have all been stifled through fear of insolvency. America has convinced itself that it can no longer afford, as a nation, to do many of the productive things that it has done so well over its history. That's a great shame, because America remains a nation of tremendous resources in every sense, and the underlying assumptions about U.S. government financial instruments are not correct. America can never face the debt problems of nations like Greece, thanks to its fundamentally different financial system. This short book explains why such fears should not hold back America, and why even the expression "national debt" is neither meaningful nor appropriate for the United States.

Concrete Economics

Concrete Economics PDF Author: Stephen S. Cohen
Publisher: Harvard Business Review Press
ISBN: 1422189821
Category : Business & Economics
Languages : en
Pages : 240

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Book Description
“an excellent new book” — Paul Krugman, The New York Times History, not ideology, holds the key to growth. Brilliantly written and argued, Concrete Economics shows how government has repeatedly reshaped the American economy ever since Alexander Hamilton’s first, foundational redesign. This book does not rehash the sturdy and long-accepted arguments that to thrive, entrepreneurial economies need a broad range of freedoms. Instead, Steve Cohen and Brad DeLong remedy our national amnesia about how our economy has actually grown and the role government has played in redesigning and reinvigorating it throughout our history. The government not only sets the ground rules for entrepreneurial activity but directs the surges of energy that mark a vibrant economy. This is as true for present-day Silicon Valley as it was for New England manufacturing at the dawn of the nineteenth century. The authors’ argument is not one based on abstract ideas, arcane discoveries, or complex correlations. Instead it is based on the facts—facts that were once well known but that have been obscured in a fog of ideology—of how the US economy benefited from a pragmatic government approach to succeed so brilliantly. Understanding how our economy has grown in the past provides a blueprint for how we might again redesign and reinvigorate it today, for such a redesign is sorely needed.

The Political Economy of Public Debt

The Political Economy of Public Debt PDF Author: Richard M. Salsman
Publisher: Edward Elgar Publishing
ISBN: 1785363387
Category :
Languages : en
Pages : 336

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Book Description
How have the most influential political economists of the past three centuries theorized about sovereign borrowing and shaped its now widespread use? That important question receives a comprehensive answer in this original work, featuring careful textual analysis and illuminating exhibits of public debt empirics since 1700. Beyond its value as a definitive, authoritative history of thought on public debt, this book rehabilitates and reintroduces a realist perspective into a contemporary debate now heavily dominated by pessimists and optimists alike.

White House Burning

White House Burning PDF Author: Simon Johnson
Publisher: Vintage
ISBN: 0307947645
Category : Business & Economics
Languages : en
Pages : 386

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Book Description
From the authors of the national bestseller 13 Bankers, a chilling account of America’s unprecedented debt crisis: how it came to pass, why it threatens to topple the nation as a superpower, and what needs to be done about it. With bracing clarity, White House Burning explains why the national debt matters to your everyday life. Simon Johnson and James Kwak describe how the government has been able to pay off its debt in the past, even after the massive deficits incurred as a result of World War II, and analyze why this is near-impossible today. They closely examine, among other factors, macroeconomic shifts of the 1970s, Reaganism and the rise of conservatism, and demographic changes that led to the growth of major—and extremely popular—social insurance programs. What is unquestionably clear is how recent financial turmoil exacerbated the debt crisis while creating a political climate in which it is even more difficult to solve.

Alexander Hamilton's Famous Report on Manufactures

Alexander Hamilton's Famous Report on Manufactures PDF Author: United States. Department of the Treasury
Publisher:
ISBN:
Category : Manufactures
Languages : en
Pages : 100

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Book Description


Hamilton and the National Debt

Hamilton and the National Debt PDF Author: George Rogers Taylor
Publisher:
ISBN:
Category : Debts, Public
Languages : en
Pages : 108

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Book Description