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

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

Get Book

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

The Works of Alexander Hamilton: Finance

The Works of Alexander Hamilton: Finance PDF Author: Alexander Hamilton
Publisher:
ISBN:
Category : Finance
Languages : en
Pages : 620

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Book Description


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.

The Economic Policies of Alexander Hamilton

The Economic Policies of Alexander Hamilton PDF Author: Alexander Hamilton
Publisher: e-artnow
ISBN: 8027244153
Category : Business & Economics
Languages : en
Pages : 597

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Book Description
This eBook has been formatted to the highest digital standards and adjusted for readability on all devices. It presents Alexander Hamilton's views on American economy. As the first Secretary of the Treasury, Hamilton was the main author of the economic policies of the George Washington administration. He took the lead in the funding of the states' debts by the Federal government, as well as the establishment of a national bank, a system of tariffs, and friendly trade relations with Britain. His vision included a strong central government led by a vigorous executive branch, a strong commercial economy, with a national bank and support for manufacturing, plus a strong military. Contents: Writings and Speeches on Taxation and Finance Papers on National Bank Papers on Coinage and the Mint Papers on Industry and Commerce Writings and Speeches on Commercial Relations Biography of Alexander Hamilton by Emory Speer

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.

Papers on Public Credit, Commerce, and Finance

Papers on Public Credit, Commerce, and Finance PDF Author: Alexander Hamilton
Publisher:
ISBN:
Category : Credit
Languages : en
Pages : 328

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Book Description


Hamilton's Economic Policies

Hamilton's Economic Policies PDF Author: Alexander Hamilton
Publisher: Good Press
ISBN:
Category : Business & Economics
Languages : en
Pages : 478

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Book Description
This book presents Alexander Hamilton's views on American economy. As the first Secretary of the Treasury, Hamilton was the main author of the economic policies of the George Washington administration. He took the lead in the funding of the states' debts by the Federal government, as well as the establishment of a national bank, a system of tariffs, and friendly trade relations with Britain. His vision included a strong central government led by a vigorous executive branch, a strong commercial economy, with a national bank and support for manufacturing, plus a strong military. Contents: Writings and Speeches on Taxation and Finance Papers on National Bank Papers on Coinage and the Mint Papers on Industry and Commerce Writings and Speeches on Commercial Relations Biography of Alexander Hamilton by Emory Speer

Hamilton's Blessing

Hamilton's Blessing PDF Author: John Steele Gordon
Publisher: Bloomsbury Publishing USA
ISBN: 0802778542
Category : History
Languages : en
Pages : 238

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Book Description
Our national debt is now so high that most of us have stopped thinking about it, because the prospect of bringing it under control is unimaginable. We consider it a national liability and fear our children will be forced to pay for our current excesses. John Steele Gordon is a welcome antidote. In 1997, his book, Hamilton's Blessing, offered a "biography" of the debt, making it very much a human drama while explaining the myriad, mostly positive, ways it has influenced America's history since Alexander Hamilton first proposed the virtues of a national debt in 1792. However, the 12 years since the book's initial publication have been perhaps the most dramatic in the debt's history-since it has more than doubled and continues on an ever-upward spiral. Now, more than ever, we need John Steele Gordon's wisdom-his revised and expanded edition of Hamilton's Blessing will put this historic expansion in perspective, allowing us to better participate in debate and discussion. Bringing a remarkable national institution to life, Gordon offers, in the process, an original view of American history, and insight into both well- and lesser-known figures who have influenced and charted our voyage, from Hamilton to Jay Cooke to John Maynard Keynes to the present. The national debt helped rescue the Union during the Civil War and raise the nation out of the Depression-thus offering hope it may serve a similar purpose in the decades to come.

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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The Works of Alexander Hamilton

The Works of Alexander Hamilton PDF Author: Alexander Hamilton
Publisher:
ISBN:
Category : Finance
Languages : en
Pages : 1028

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Book Description
Added title pages, engraved."The collector's Federal edition of the Works of Alexander Hamilton is limited to six hundred signed and numbered sets."First edition (500 copies) in 9 vols., published 1885-86. "Bibliography of the 'Federalist'": v. 11, p. xxxi-xl.