The founders and finance : how Hamilton, Gallatin, and other immigrants forged a new economy
(Book)
Author
Published
Cambridge, Mass. : Belknap Press of Harvard University Press, 2012.
Physical Desc
viii, 485 pages : ill. ; 25 cm.
Status
Moab Library - Adult Non-fiction Book
330.973 MCC
1 available
330.973 MCC
1 available
Description
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Copies
Location | Call Number | Status |
---|---|---|
Moab Library - Adult Non-fiction Book | 330.973 MCC | On Shelf |
Subjects
LC Subjects
Finance, Public -- United States -- History.
Gallatin, Albert, -- 1761-1849.
Hamilton, Alexander, -- 1757-1804.
Monetary policy -- United States -- History.
United States -- Economic policy.
United States -- History -- 1783-1865.
United States -- History -- Revolution, 1775-1783.
United States -- Politics and government -- 1783-1865.
United States. -- Dept. of the Treasury -- History.
Gallatin, Albert, -- 1761-1849.
Hamilton, Alexander, -- 1757-1804.
Monetary policy -- United States -- History.
United States -- Economic policy.
United States -- History -- 1783-1865.
United States -- History -- Revolution, 1775-1783.
United States -- Politics and government -- 1783-1865.
United States. -- Dept. of the Treasury -- History.
More Details
Published
Cambridge, Mass. : Belknap Press of Harvard University Press, 2012.
Format
Book
Language
English
Notes
Bibliography
Includes bibliographical references and index.
Description
In 1776 the United States government started out on a shoestring and quickly went bankrupt fighting its War of Independence against Britain. At the war’s end, the national government owed tremendous sums to foreign creditors and its own citizens. But lacking the power to tax, it had no means to repay them. The Founders and Finance is the first book to tell the story of how foreign-born financial specialists — immigrants — solved the fiscal crisis and set the United States on a path to long-term economic success. Pulitzer Prize–winning author Thomas K. McCraw analyzes the skills and worldliness of Alexander Hamilton (from the Danish Virgin Islands), Albert Gallatin (from the Republic of Geneva), and other immigrant founders who guided the nation to prosperity. Their expertise with liquid capital far exceeded that of native-born plantation owners Washington, Jefferson, and Madison, who well understood the management of land and slaves but had only a vague knowledge of financial instruments — currencies, stocks, and bonds. The very rootlessness of America’s immigrant leaders gave them a better understanding of money, credit, and banks, and the way each could be made to serve the public good. The remarkable financial innovations designed by Hamilton, Gallatin, and other immigrants enabled the United States to control its debts, to pay for the Louisiana Purchase of 1803, and — barely — to fight the War of 1812, which preserved the nation’s hard-won independence from Britain.
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Citations
APA Citation, 7th Edition (style guide)
McCraw, T. K. (2012). The founders and finance: how Hamilton, Gallatin, and other immigrants forged a new economy . Belknap Press of Harvard University Press.
Chicago / Turabian - Author Date Citation, 17th Edition (style guide)McCraw, Thomas K. 2012. The Founders and Finance: How Hamilton, Gallatin, and Other Immigrants Forged a New Economy. Belknap Press of Harvard University Press.
Chicago / Turabian - Humanities (Notes and Bibliography) Citation, 17th Edition (style guide)McCraw, Thomas K. The Founders and Finance: How Hamilton, Gallatin, and Other Immigrants Forged a New Economy Belknap Press of Harvard University Press, 2012.
MLA Citation, 9th Edition (style guide)McCraw, Thomas K. The Founders and Finance: How Hamilton, Gallatin, and Other Immigrants Forged a New Economy Belknap Press of Harvard University Press, 2012.
Note! Citations contain only title, author, edition, publisher, and year published. Citations should be used as a guideline and should be double checked for accuracy. Citation formats are based on standards as of August 2021.
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