000327101 000__ 03999cam\a22004214a\4500 000327101 001__ 327101 000327101 005__ 20210513121011.0 000327101 008__ 080807s2008\\\\nyu\\\\\\b\\\\001\0\eng\c 000327101 010__ $$a 2008298452 000327101 020__ $$a9780071543934 000327101 020__ $$a0071543937 000327101 035__ $$a(OCoLC)ocn166390313 000327101 035__ $$a327101 000327101 040__ $$aBTCTA$$cBTCTA$$dDLC$$dBAKER$$dYDXCP$$dOMP$$dUAT$$dIXA$$dUKM$$dIQU$$dQBX$$dCDX$$dNSB$$dVP@ 000327101 042__ $$apcc 000327101 043__ $$an-us--- 000327101 049__ $$aISEA 000327101 05000 $$aHJ8106$$b.W75 2008 000327101 08200 $$a336.3/40973$$222 000327101 1001_ $$aWright, Robert E.$$q(Robert Eric),$$d1969- 000327101 24510 $$aOne nation under debt :$$bHamilton, Jefferson, and the history of what we owe /$$cRobert E. Wright. 000327101 260__ $$aNew York :$$bMcGraw-Hill,$$cc2008. 000327101 300__ $$aix, 419 p. ;$$c24 cm. 000327101 500__ $$aIncludes bibliographical references (p. 371-386) and index. 000327101 504__ $$aIncludes bibliographical references and index. 000327101 5050_ $$aA twinkle in the eye : the importance of government debt -- Parentage : European precedents -- Conception : financing revolution -- Gestation : the Constitution and the national debt -- Birth : Alexander Hamilton's grand plan -- Youth and maturity : the public debt grows up, then slims down -- Life : the life and times of federal bondholders in Virginia -- Blessing : American economic growth -- Death and reincarnation : Jackson's triumph and failure. 000327101 520__ $$aLike its current citizens, the United States was born in debt, a debt so deep that it threatened to destroy the young nation. Thomas Jefferson considered the national debt a monstrous fraud on posterity, while Alexander Hamilton believed debt would help America prosper. Both, as it turns out, were right. This book explores the untold history of America's first national debt, which arose from the immense sums needed to conduct the American Revolution. The author tells in riveting narrative how a subjugated but enlightened people cast off a great tyrant, but their liberty, won with promises as well as with the blood of patriots, came at a high price. He brings to life the key events that shaped the U.S. financial system and explains how the actions of our forefathers laid the groundwork for the debt we still carry today. As an economically tenuous nation by Revolution's end, America's people struggled to get on their feet. The author outlines how the formation of a new government originally reduced the nation's debt, but, as debt was critical to this government's survival, it resurfaced, to be beaten back once more. It is then revealed how political leaders began accumulating massive new debts to ensure their popularity, setting the financial stage for decades to come. The book traces critical evolutionary developments from Alexander Hamilton's creation of the nation's first modern capital market, to the use of national bonds to further financial goals, to the drafting of state constitutions that created non-predatory governments. The author shows how, by the end of Andrew Jackson's administration, America's financial system was contributing to national growth while at the same time new national and state debts were amassing, sealing the fate for future generations. 000327101 60010 $$aHamilton, Alexander,$$d1757-1804. 000327101 60010 $$aJefferson, Thomas,$$d1743-1826. 000327101 650_0 $$aDebts, Public$$zUnited States$$xHistory$$y18th century. 000327101 650_0 $$aBudget deficits$$zUnited States$$xHistory$$y18th century. 000327101 650_0 $$aGovernment spending policy$$zUnited States$$xHistory$$y18th century. 000327101 650_0 $$aDebts, Public$$zUnited States$$xHistory$$y19th century. 000327101 650_0 $$aBudget deficits$$zUnited States$$xHistory$$y19th century. 000327101 650_0 $$aGovernment spending policy$$zUnited States$$xHistory$$y19th century. 000327101 651_0 $$aUnited States$$xEconomic conditions$$yTo 1865. 000327101 85200 $$bgen$$hHJ8106$$i.W75$$i2008 000327101 85642 $$3Contributor biographical information$$uhttp://www.loc.gov/catdir/enhancements/fy0901/2008298452-b.html 000327101 85642 $$3Publisher description$$uhttp://www.loc.gov/catdir/enhancements/fy0901/2008298452-d.html 000327101 909CO $$ooai:library.usi.edu:327101$$pGLOBAL_SET 000327101 980__ $$aBIB 000327101 980__ $$aBOOK