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The Resource The founders and finance : how Hamilton, Gallatin, and other immigrants forged a new economy, Thomas K. McCraw

The founders and finance : how Hamilton, Gallatin, and other immigrants forged a new economy, Thomas K. McCraw

Label
The founders and finance : how Hamilton, Gallatin, and other immigrants forged a new economy
Title
The founders and finance
Title remainder
how Hamilton, Gallatin, and other immigrants forged a new economy
Statement of responsibility
Thomas K. McCraw
Title variation
How Hamilton, Gallatin, and other immigrants forged a new economy
Creator
Subject
Language
eng
Summary
In 1776 the United States government started out on a shoestring and quickly went bankrupt fighting its War of Independence against Britain. At the wars 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
http://library.link/vocab/creatorName
McCraw, Thomas K
Dewey number
330.973/04
Illustrations
  • illustrations
  • portraits
  • facsimiles
  • photographs
Index
index present
LC call number
  • HJ261
  • HJ261
Literary form
non fiction
Nature of contents
bibliography
http://library.link/vocab/subjectName
  • Hamilton, Alexander
  • Gallatin, Albert
  • United States
  • Finance, Public
  • Monetary policy
  • United States
  • United States
  • United States
  • United States
Label
The founders and finance : how Hamilton, Gallatin, and other immigrants forged a new economy, Thomas K. McCraw
Instantiates
Publication
Bibliography note
Includes bibliographical references (p. 367-440) and index
Contents
  • Alexander Hamilton, 1757-1804
  • Albert Gallatin, 1761-1849
  • The legacies
Control code
sky247417834
Dimensions
24 cm.
Extent
viii, 485 p.
Isbn
9780674066922
Isbn Type
(alk. paper)
Lccn
2012014006
Other physical details
ill., ports., facsims., photos
Label
The founders and finance : how Hamilton, Gallatin, and other immigrants forged a new economy, Thomas K. McCraw
Publication
Bibliography note
Includes bibliographical references (p. 367-440) and index
Contents
  • Alexander Hamilton, 1757-1804
  • Albert Gallatin, 1761-1849
  • The legacies
Control code
sky247417834
Dimensions
24 cm.
Extent
viii, 485 p.
Isbn
9780674066922
Isbn Type
(alk. paper)
Lccn
2012014006
Other physical details
ill., ports., facsims., photos

Library Locations

    • KDL Kentwood (Richard L. Root) BranchBorrow it
      4950 Breton SE, Kentwood, MI, 49508, US
      42.8734607 -85.5964298
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