عنوان

The founders and finance :

(Number (ISBN

0674066928 (hbk.)

(Number (ISBN

9780674066922 (hbk.)

Number

b413439

Title Proper

The founders and finance :

General Material Designation

[Book]

Other Title Information

how Hamilton, Gallatin, and other immigrants forged a new economy /

First Statement of Responsibility

Thomas K. McCraw

Place of Publication, Distribution, etc.

Cambridge, Mass. :

Name of Publisher, Distributor, etc.

Belknap Press of Harvard University Press,

Date of Publication, Distribution, etc.

2012

Specific Material Designation and Extent of Item

viii, 485 p. :

Other Physical Details

ill. ;

Dimensions

25 cm

Text of Note

Includes bibliographical references and index

Text of Note

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{8217}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{8212}immigrants{8212}solved the fiscal crisis and set the United States on a path to long-term economic success. Pulitzer Prize{8211}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{8212}currencies, stocks, and bonds. The very rootlessness of America{8217}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{8212}barely{8212}to fight the War of 1812, which preserved the nation{8217}s hard-won independence from Britain

Gallatin, Albert,1761-1849

Hamilton, Alexander,1757-1804

United States.-- History

Finance, Public-- United States-- History

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

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Number

Edition

Class number

Book number

McCraw, Thomas K

Date of Transaction

20121010123436.0

Electronic name

[Book]

Y