One Nation Under Debt: Hamilton, Jefferson, and the History of What We Owe PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download One Nation Under Debt: Hamilton, Jefferson, and the History of What We Owe PDF full book. Access full book title One Nation Under Debt: Hamilton, Jefferson, and the History of What We Owe by Robert E. Wright. Download full books in PDF and EPUB format.
Author: Robert E. Wright
Publisher: McGraw Hill Professional
ISBN: 0071543945
Category : Business & Economics
Languages : en
Pages : 433
Get Book Here
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.
Author: Robert E. Wright
Publisher: McGraw Hill Professional
ISBN: 0071543945
Category : Business & Economics
Languages : en
Pages : 433
Get Book Here
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.
Author: Carl Lane
Publisher: Westholme Publishing
ISBN: 9781594162091
Category : Debts, Public
Languages : en
Pages : 0
Get Book Here
Book Description
"When President James Monroe announced in his 1824 message to Congress that the [nation's] large public debt, [accumulated since the Revolution], would be extinguished on January 1, 1835, Congress crafted legislation to transform that prediction into reality. Yet John Quincy Adams, Monroe's successor, seemed not to share the commitment to debt freedom, resulting in the rise of opposition to his administration and his defeat for reelection in the bitter presidential campaign of 1828. The new president, Andrew Jackson, was thoroughly committed to debt freedom, and when it was achieved, it became the only time in American history when the country carried no national debt. Lane shows that the great and disparate issues that confronted Jackson, such as internal improvements, the 'war' against the Second Bank of the United States, and the crisis surrounding South Carolina's refusal to pay federal tariffs, become unified when debt freedom is understood as a core element of Jacksonian Democracy."--
Author: Glenn Beck
Publisher: Simon and Schuster
ISBN: 1451693443
Category : Business & Economics
Languages : en
Pages : 416
Get Book Here
Book Description
Briefly surveys more than two centures of American political history to describe how the country has been broken spiritually, politically and financially and advocates a return to core values to restore America's economic and spiritual health.
Author: Gregory May
Publisher: Simon and Schuster
ISBN: 1621577643
Category : History
Languages : en
Pages : 546
Get Book Here
Book Description
George Washington had Alexander Hamilton. Thomas Jefferson had Albert Gallatin. From internationally known tax expert and former Supreme Court law clerk Gregory May comes this long overdue biography of the remarkable immigrant who launched the fiscal policies that shaped the early Republic and the future of American politics. Not Alexander Hamilton---Albert Gallatin. To this day, the fight over fiscal policy lies at the center of American politics. Jefferson's champion in that fight was Albert Gallatin---a Swiss immigrant who served as Treasury Secretary for twelve years because he was the only man in Jefferson's party who understood finance well enough to reform Alexander Hamilton's system. A look at Gallatin's work---repealing internal taxes, restraining government spending, and repaying public debt---puts our current federal fiscal problems in perspective. The Jefferson Administration's enduring achievement was to contain the federal government by restraining its fiscal power. This was Gallatin's work. It set the pattern for federal finance until the Civil War, and it created a culture of fiscal responsibility that survived well into the twentieth century.
Author: Simon Johnson
Publisher: Vintage
ISBN: 0307947645
Category : Business & Economics
Languages : en
Pages : 386
Get Book Here
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.
Author: Thomas K. McCraw
Publisher: Harvard University Press
ISBN: 0674067665
Category : History
Languages : en
Pages : 496
Get Book Here
Book Description
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.
Author: Christopher G. Bates
Publisher: Routledge
ISBN: 1317457404
Category : History
Languages : en
Pages : 1453
Get Book Here
Book Description
First Published in 2015. Routledge is an imprint of Taylor & Francis, an Informa company.
Author: Roger Chapman
Publisher: Routledge
ISBN: 1317473507
Category : Business & Economics
Languages : en
Pages : 2878
Get Book Here
Book Description
The term "culture wars" refers to the political and sociological polarisation that has characterised American society the past several decades. This new edition provides an enlightening and comprehensive A-to-Z ready reference, now with supporting primary documents, on major topics of contemporary importance for students, teachers, and the general reader. It aims to promote understanding and clarification on pertinent topics that too often are not adequately explained or discussed in a balanced context. With approximately 640 entries plus more than 120 primary documents supporting both sides of key issues, this is a unique and defining work, indispensable to informed discussions of the most timely and critical issues facing America today.
Author: Larry Neal
Publisher: Springer Nature
ISBN: 3031562771
Category :
Languages : en
Pages : 267
Get Book Here
Book Description
Author: William Stansmore
Publisher: Xlibris Corporation
ISBN: 1462873413
Category : Literary Criticism
Languages : en
Pages : 110
Get Book Here
Book Description
This book was inspired by my old friend and scholar, Norman Dodd, who many years ago brought to my attention the idea of a Natural Order, "an order laid down by God," as a means to bring our country back to the course first established by our nation ́s Founding Fathers, a course from which we have dangerously strayed. It is my contention that such a natural order does exist, and there will truly never be peace in the world until humanity is made aware of, understands, and ultimately conforms to that order. In light of experience two conclusions may be observed: 1) History attests to the sensitivity of men to the existence of this order. 2) That sensitivity has been intelligently nullified. It is our intention to present the nature of The Natural Order, to indicate why our sensitivity to that order has been nullified, and to demonstrate the means by which that order may restored, implemented and made universally known. This work is an attempt to re-establish the importance of absolute values in a world where such values are becoming increasingly irrelevant, and the necessity of preserving those immutable and self-evident truths upon which was established our nation ́s framework and foundation. Norman Dodd ́s dream was to establish and implement a Curriculum of The Civilizing Arts, whose purpose is to clarify and strengthen the original commitments which underlie and empower the United States Constitution and Declaration of Independence. It is my purpose to help make his dream a reality. As such it is a compilation of our shared ideas and mutual dreams. I was born in England but spent most of my life on the east coast of the United States. I am intent on protecting, preserving and implementing the hopes and aspirations of our country ́s Founding Fathers. My formal education consists of a BA from Brown University, Masters of Divinity (M.Div) from Yale University, and a Ph.D from Trinity College, Cambridge University, England.
