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The Founders and Finance : How Hamilton, Gallatin, and Other Immigrants Forged a New Economy / Thomas K. McCraw.

McCraw, Thomas K., author.
2012
E
Available Online
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Title
The Founders and Finance : How Hamilton, Gallatin, and Other Immigrants Forged a New Economy / Thomas K. McCraw.
Author
McCraw, Thomas K., author.
ISBN
9780674067660
DOI
https://doi.org/10.4159/harvard.9780674067660
Published
Cambridge, MA : Harvard University Press, [2012]
Copyright
©2012
Language
English
Language Note
In English.
Description
1 online resource : 24 halftones
Item Number
10.4159/harvard.9780674067660 doi
Call Number
E
Dewey Decimal Classification
973
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 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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Access limited to authorized users.
System Details Note
Mode of access: Internet via World Wide Web.
Digital File Characteristics
text file PDF
Source of Description
Description based on online resource; title from PDF title page (publisher's Web site, viewed 08. Jul 2019)
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Frontmatter
Contents
Introduction
Part I. Alexander Hamilton 1757-1804
Chapter 1. St. Croix and Trauma
Chapter 2. New York and Promise
Chapter 3. War and Heroism
Chapter 4. Love and Social Status
Chapter 5. The Roots of His Thinking
Chapter 6. Robert Morris, Hamilton, and Finance
Chapter 7. The Constitution
Chapter 8. New Government, Old Debt
Chapter 9. The Fight over the Debt
Chapter 10. The Bank of the United States
Chapter 11. Diversifying the Economy
Chapter 12. Tensions and Political Parties
Chapter 13. The Decline
Chapter 14. The Duel
Part II. Albert Gallatin 1761-1849
Chapter 15. Choosing the New World
Chapter 16. Moving to the West
Chapter 17. Entering Politics
Chapter 18. Becoming Jeffersonian
Chapter 19. The Climb to Power
Chapter 20. Debt, Armaments, and Louisiana
Chapter 21. Developing the West
Chapter 22. Embargo and Frustration
Chapter 23. Dispiriting Diplomacy
Chapter 24. The Fate of the Bank
Chapter 25. Financing the Wayward War
Chapter 26. Winning the Peace
Chapter 27. His Long and Useful Life
Part III. The Legacies
Chapter 28. Immigrant Exceptionalism?
Chapter 29. Comparisons and Contingencies
Chapter 30. Capitalism and Credit
Chapter 31. The Political Economy of Hamilton and Gallatin
Notes
Acknowledgments
Credits
Index

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