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| Named Person: | Alexander Hamilton; Albert Gallatin |
|---|---|
| Material Type: | Internet resource |
| Document Type: | Book, Internet Resource |
| All Authors / Contributors: |
Thomas K McCraw |
| ISBN: | 9780674066922 0674066928 |
| OCLC Number: | 786273392 |
| Description: | viii, 485 p. : ill. ; 24 cm. |
| Contents: | St. Croix and trauma -- New York and promise -- War and heroism -- Love and social status -- The roots of his thinking -- Robert Morris, Hamilton, and finance -- The Constitution -- New government, old debt -- The fight over the debt -- The bank of the United States -- Diversifying the economy -- Tensions and political parties -- The decline -- The duel -- Choosing the new world -- Moving to the west -- Entering politics -- Becoming Jeffersonian -- The climb to power -- Debt, armaments, and Louisiana -- Developing the west -- Embargo and frustration -- Dispiriting diplomacy -- The fate of the bank -- Financing the wayward war -- Winning the peace -- His long and useful life -- Immigrant exceptionalism? -- Comparisons and contingencies -- Capitalism and credit -- The political economy of Hamilton and Gallatin. |
| Responsibility: | Thomas K. McCraw. |
| More information: |
Abstract:
Reviews
Publisher Synopsis
McCraw sheds light on personalities and policies in this overview of the development of early American finance. The newly independent United States 'had long been bankrupt'; both the fledgling national government and the states were in hock for the War of Independence... Hamilton's decisive advocacy of a national bank and assumption of state war debts laid the basis for economic expansion and cemented the dominance of federal power. McCraw then turns to Gallatin's ascendancy in Congress, where in 1796 he denounced the growth in the national debt and decried high military spending. Starting with the still-resonant contrast between the 'big government' Hamilton and 'small government' Gallatin, McCraw's wealth of historical data should interest any lay historian, particularly when he presents the many 'what if's.' Publishers Weekly 20120806 Only two men are honored with statues outside the U.S. Treasury building: Alexander Hamilton and Albert Gallatin. McCraw explores their qualities, foibles, achievements, and failures in order to show why both deserve credit for laying the foundations of American governmental finance...McCraw is a talented storyteller. His highly readable and fascinating work portrays the brilliance of Hamilton and Gallatin against the difficulty of their time and is strongly recommended to all readers interested in American and financial history. -- Lawrence Maxted Library Journal (starred review) 20120901 If you think the current system is a mess, consider the national economy after the American Revolution... A welcome addition to business and financial history, illuminating little-known aspects of the early republic. Kirkus Reviews 20120915 Read more...
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Related Subjects:(9)
- Hamilton, Alexander, -- 1757-1804.
- Gallatin, Albert, -- 1761-1849.
- United States. -- Department of the Treasury -- History.
- Finance, Public -- United States -- History.
- Monetary policy -- United States -- History.
- United States -- Economic policy.
- United States -- History -- Revolution, 1775-1783.
- United States -- History -- 1783-1865.
- United States -- Politics and government -- 1783-1865.
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