Financial Founding Fathers

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Financial Founding Fathers

Author : Robert E. Wright,David J. Cowen
Publisher : University of Chicago Press
Page : 261 pages
File Size : 45,6 Mb
Release : 2006-05
Category : Biography & Autobiography
ISBN : 9780226910680

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Financial Founding Fathers by Robert E. Wright,David J. Cowen Pdf

The authors chronicle how a different group of nine founding fathers forged the wealth and institutions necessary to transform the American colonies from a diffuse alliance of contending business interests into one cohesive economic superpower.

Financial Founding Fathers

Author : Robert E. Wright,David J. Cowen
Publisher : University of Chicago Press
Page : 216 pages
File Size : 47,9 Mb
Release : 2006
Category : History
ISBN : 0226910695

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Financial Founding Fathers by Robert E. Wright,David J. Cowen Pdf

When you think of the founding fathers, you think of men like George Washington, Thomas Jefferson, and Benjamin Franklin—exceptional minds and matchless statesmen who led the colonies to a seemingly impossible victory over the British and established the constitutional and legal framework for our democratic government. But the American Revolution was about far more than freedom and liberty. It was about economics as well. Robert E. Wright and David J. Cowen here chronicle how a different group of founding fathers forged the wealth and institutions necessary to transform the American colonies from a diffuse alliance of contending business interests into one cohesive economic superpower. From Alexander Hamilton to Andrew Jackson, the authors focus on the lives of nine Americans in particular—some famous, some unknown, others misunderstood, but all among our nation’s financial founding fathers. Such men were instrumental in creating and nurturing a financial system that drove economic growth in the nascent United States because they were quick to realize that wealth was as crucial as the Constitution in securing the blessings of liberty and promoting the general welfare. The astonishing economic development made possible by our financial founding fathers was indispensable to the preservation of national unity and of support for a government that was then still a profoundly radical and delicate political experiment. Grand in scope and vision, Financial Founding Fathers is an entertaining and inspiring history of the men who made America rich and steered her toward greatness.

Founding Finance

Author : William Hogeland
Publisher : University of Texas Press
Page : 285 pages
File Size : 52,8 Mb
Release : 2012-10-01
Category : Business & Economics
ISBN : 9780292745759

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Founding Finance by William Hogeland Pdf

The author of The Whiskey Rebellion “dig[s] beneath history’s surface and note[s] both the populist and anti-populist dimensions of the nation’s founding” (Library Journal). Recent movements such as the Tea Party and anti-tax “constitutional conservatism” lay claim to the finance and taxation ideas of America’s founders, but how much do we really know about the dramatic clashes over finance and economics that marked the founding of America? Dissenting from both right-wing claims and certain liberal preconceptions, Founding Finance brings to life the violent conflicts over economics, class, and finance that played directly, and in many ways ironically, into the hardball politics of forming the nation and ratifying the Constitution—conflicts that still continue to affect our politics, legislation, and debate today. Mixing lively narrative with fresh views of America’s founders, William Hogeland offers a new perspective on America’s economic infancy: foreclosure crises that make our current one look mild; investment bubbles in land and securities that drove rich men to high-risk borrowing and mad displays of ostentation before dropping them into debtors’ prisons; depressions longer and deeper than the great one of the twentieth century; crony mercantilism, war profiteering, and government corruption that undermine any nostalgia for a virtuous early republic; and predatory lending of scarce cash at exorbitant, unregulated rates, which forced people into bankruptcy, landlessness, and working in the factories and on the commercial farms of their creditors. This story exposes and corrects a perpetual historical denial—by movements across the political spectrum—of America’s all-important founding economic clashes, a denial that weakens and cheapens public discourse on American finance just when we need it most.

The Founders and Finance

Author : Thomas K. McCraw
Publisher : Harvard University Press
Page : 561 pages
File Size : 42,5 Mb
Release : 2012-10-08
Category : History
ISBN : 9780674071353

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The Founders and Finance by Thomas K. McCraw Pdf

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.

Alexander Hamilton on Finance, Credit, and Debt

Author : Richard Sylla,David J. Cowen
Publisher : Columbia University Press
Page : 527 pages
File Size : 53,5 Mb
Release : 2018-03-06
Category : Business & Economics
ISBN : 9780231545556

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Alexander Hamilton on Finance, Credit, and Debt by Richard Sylla,David J. Cowen Pdf

“A treasure trove for financial and public policy geeks . . . will also help lay readers go beyond the hit musical in understanding Hamilton’s lasting significance.” —Publishers Weekly While serving as the first treasury secretary from 1789 to 1795, Alexander Hamilton engineered a financial revolution. He established the treasury debt market, the dollar, and a central bank, while strategically prompting private entrepreneurs to establish securities markets and stock exchanges and encouraging state governments to charter a number of commercial banks and other business corporations. Yet despite a recent surge of interest in Hamilton, US financial modernization has not been fully recognized as one of his greatest achievements. This book traces the development of Hamilton’s financial thinking, policies, and actions through a selection of his writings. Financial historians and Hamilton experts Richard Sylla and David J. Cowen provide commentary that demonstrates the impact Hamilton had on the modern economic system, guiding readers through Hamilton’s distinguished career. It showcases Hamilton’s thoughts on the nation’s founding, the need for a strong central government, problems such as a depreciating paper currency and weak public credit, and the architecture of the financial system. His great state papers on public credit, the national bank, the mint, and manufactures instructed reform of the nation’s finances and jumpstarted economic growth. Hamilton practiced what he preached: he played a key role in the founding of three banks and a manufacturing corporation—and his deft political maneuvering and economic savvy saved the fledgling republic’s economy during the country’s first full-blown financial crisis in 1792. “A fascinating examination of Hamiltonian economics.” —The Washington Times

The Founders' Fortunes

Author : Willard Sterne Randall
Publisher : Penguin
Page : 337 pages
File Size : 41,5 Mb
Release : 2022-02-08
Category : History
ISBN : 9781524745943

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The Founders' Fortunes by Willard Sterne Randall Pdf

An illuminating financial history of the Founding Fathers, revealing how their personal finances shaped the Constitution and the new nation In 1776, upon the signing of the Declaration of Independence, the Founding Fathers concluded America’s most consequential document with a curious note, pledging “our lives, our fortunes and our sacred honor.” Lives and honor did indeed hang in the balance, yet just what were their fortunes? How much did the Founders stand to gain or lose through independence? And what lingering consequences did their respective financial stakes have on liberty, justice, and the fate of the fledgling United States of America? In this landmark account, historian Willard Sterne Randall investigates the private financial affairs of the Founders, illuminating like never before how and why the Revolution came about. The Founders’ Fortunes uncovers how these leaders waged war, crafted a constitution, and forged a new nation influenced in part by their own financial interests. In an era where these very issues have become daily national questions, the result is a remarkable and insightful new understanding of our nation’s bedrock values.

The Founding Fathers

Author : Richard B. Bernstein
Publisher : Oxford University Press, USA
Page : 184 pages
File Size : 52,5 Mb
Release : 2015
Category : Founding Fathers of the United States
ISBN : 9780190273514

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The Founding Fathers by Richard B. Bernstein Pdf

This is a concise contribution to the 'Very Short Introductions' series which reintroduces the history that shaped the founding fathers, the history that they made, and what history has made of them.

One Nation Under Debt: Hamilton, Jefferson, and the History of What We Owe

Author : Robert E. Wright
Publisher : McGraw-Hill Education
Page : 256 pages
File Size : 47,5 Mb
Release : 2008-03-12
Category : Business & Economics
ISBN : 0071543937

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One Nation Under Debt: Hamilton, Jefferson, and the History of What We Owe by Robert E. Wright Pdf

Like 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. One Nation Under Debt explores the untold history of America's first national debt, which arose from the immense sums needed to conduct the American Revolution. Noted economic historian Robert Wright, Ph.D. 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. Wright 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. Wright then reveals how political leaders began accumulating massive new debts to ensure their popularity, setting the financial stage for decades to come. Wright 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. He 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.

The Intimate Lives of the Founding Fathers

Author : Thomas Fleming
Publisher : Harper Collins
Page : 474 pages
File Size : 49,7 Mb
Release : 2009-10-14
Category : History
ISBN : 9780061959639

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The Intimate Lives of the Founding Fathers by Thomas Fleming Pdf

A compelling, intimate look at the founders—George Washington, Ben Franklin, John Adams, Thomas Jefferson, Alexander Hamilton, and James Madison—and the women who played essential roles in their lives With his usual storytelling flair and unparalleled research, Tom Fleming examines the women who were at the center of the lives of the founding fathers. From hot-tempered Mary Ball Washington to promiscuous Rachel Lavien Hamilton, the founding fathers' mothers powerfully shaped their sons' visions of domestic life. But lovers and wives played more critical roles as friends and often partners in fame. We learn of the youthful Washington's tortured love for the coquettish Sarah Fairfax, wife of his close friend; of Franklin's two "wives," one in London and one in Philadelphia; of Adams's long absences, which required a lonely, deeply unhappy Abigail to keep home and family together for years on end; of Hamilton's adulterous betrayal of his wife and then their reconciliation; of how the brilliant Madison was jilted by a flirtatious fifteen-year-old and went on to marry the effervescent Dolley, who helped make this shy man into a popular president. Jefferson's controversial relationship to Sally Hemings is also examined, with a different vision of where his heart lay. Fleming nimbly takes us through a great deal of early American history, as his founding fathers strove to reconcile the private and public, often beset by a media every bit as gossip seeking and inflammatory as ours today. He offers a powerful look at the challenges women faced in the late eighteenth and early nineteenth centuries. While often brilliant and articulate, the wives of the founding fathers all struggled with the distractions and dangers of frequent childbearing and searing anxiety about infant mortality—Jefferson's wife, Martha, died from complications following labor, as did his daughter. All the more remarkable, then, that these women loomed so large in the lives of their husbands—and, in some cases, their country.

Founding Choices

Author : Douglas A. Irwin,Richard Sylla
Publisher : University of Chicago Press
Page : 365 pages
File Size : 53,5 Mb
Release : 2011-01-15
Category : Business & Economics
ISBN : 9780226384757

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Founding Choices by Douglas A. Irwin,Richard Sylla Pdf

Papers of the National Bureau of Economic Research conference held at Dartmouth College on May 8-9, 2009.

The Founders' Fortunes

Author : Willard Sterne Randall
Publisher : National Geographic Books
Page : 0 pages
File Size : 41,9 Mb
Release : 2022-02-08
Category : History
ISBN : 9781524745929

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The Founders' Fortunes by Willard Sterne Randall Pdf

An illuminating financial history of the Founding Fathers, revealing how their personal finances shaped the Constitution and the new nation In 1776, upon the signing of the Declaration of Independence, the Founding Fathers concluded America’s most consequential document with a curious note, pledging “our lives, our fortunes and our sacred honor.” Lives and honor did indeed hang in the balance, yet just what were their fortunes? How much did the Founders stand to gain or lose through independence? And what lingering consequences did their respective financial stakes have on liberty, justice, and the fate of the fledgling United States of America? In this landmark account, historian Willard Sterne Randall investigates the private financial affairs of the Founders, illuminating like never before how and why the Revolution came about. The Founders’ Fortunes uncovers how these leaders waged war, crafted a constitution, and forged a new nation influenced in part by their own financial interests. In an era where these very issues have become daily national questions, the result is a remarkable and insightful new understanding of our nation’s bedrock values.

American Connections

Author : James Burke
Publisher : Simon and Schuster
Page : 563 pages
File Size : 43,8 Mb
Release : 2007-07-03
Category : History
ISBN : 9780743298711

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American Connections by James Burke Pdf

Using the unique approach that he has employed in his previous books, author, columnist, and television commentator James Burke shows us our connections to the fifty-six men who signed the Declaration of Independence. Over the two hundred-plus years that separate us, these connections are often surprising and always fascinating. Burke turns the signers from historical icons into flesh-and-blood people: Some were shady financial manipulators, most were masterful political operators, a few were good human beings, and some were great men. The network that links them to us is also peopled by all sorts, from spies and assassins to lovers and adulterers, inventors and artists. The ties may be more direct for some of us than others, but we are all linked in some way to these founders of our nation. If you enjoyed Martin Sheen as the president on television's The West Wing, then you're connected to founder Josiah Bartlett. The connection from signer Bartlett to Sheen includes John Paul Jones; Judge William Cooper, father of James Fenimore; Sir Thomas Brisbane, governor of New South Wales; an incestuous astronomer; an itinerant math teacher; early inventors of television; and pioneering TV personality Bishop Fulton J. Sheen, the inspiration for Ramon Estevez's screen name, Martin Sheen.

Liberty and Coercion

Author : Gary Gerstle
Publisher : Princeton University Press
Page : 470 pages
File Size : 42,7 Mb
Release : 2017-10-24
Category : History
ISBN : 9780691178219

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Liberty and Coercion by Gary Gerstle Pdf

How the conflict between federal and state power has shaped American history American governance is burdened by a paradox. On the one hand, Americans don't want "big government" meddling in their lives; on the other hand, they have repeatedly enlisted governmental help to impose their views regarding marriage, abortion, religion, and schooling on their neighbors. These contradictory stances on the role of public power have paralyzed policymaking and generated rancorous disputes about government’s legitimate scope. How did we reach this political impasse? Historian Gary Gerstle, looking at two hundred years of U.S. history, argues that the roots of the current crisis lie in two contrasting theories of power that the Framers inscribed in the Constitution. One theory shaped the federal government, setting limits on its power in order to protect personal liberty. Another theory molded the states, authorizing them to go to extraordinary lengths, even to the point of violating individual rights, to advance the "good and welfare of the commonwealth." The Framers believed these theories could coexist comfortably, but conflict between the two has largely defined American history. Gerstle shows how national political leaders improvised brilliantly to stretch the power of the federal government beyond where it was meant to go—but at the cost of giving private interests and state governments too much sway over public policy. The states could be innovative, too. More impressive was their staying power. Only in the 1960s did the federal government, impelled by the Cold War and civil rights movement, definitively assert its primacy. But as the power of the central state expanded, its constitutional authority did not keep pace. Conservatives rebelled, making the battle over government’s proper dominion the defining issue of our time. From the Revolution to the Tea Party, and the Bill of Rights to the national security state, Liberty and Coercion is a revelatory account of the making and unmaking of government in America.

Radical Hamilton

Author : Christian Parenti
Publisher : Verso Books
Page : 369 pages
File Size : 46,5 Mb
Release : 2020-08-04
Category : Political Science
ISBN : 9781786633910

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Radical Hamilton by Christian Parenti Pdf

In retelling the story of the Radical Alexander Hamilton, Parenti rewrites the history early America and global economic history writ large. For much of the twentieth century, Hamilton - sometimes seen as the bad boy of the founding fathers or portrayed as the patron saint of bankers- was out of fashion. In contrast his rival Thomas Jefferson, the patrician democrat and slave owner who feared government overreach, was claimed by all. But more recently, Hamilton has become a subject of serious interest again. He was a contradictory mix: a tough soldier, austere workaholic, exacting bureaucrat, yet also a sexual libertine, and a glory-obsessed romantic with suicidal tendencies. As Parenti argues, we have yet to fully appreciate Hamilton as the primary architect of American capitalism and the developmental state. In exploring his life and work, Parenti rediscovers this gadfly as a path breaking political thinker and institution builder. In this vivid historical portrait, Hamilton emerges as a singularly important historical figure: a thinker and politico who laid the foundation for America's ascent to global supremacy - for better or worse.

The Founding Visionary Alexander Hamilton

Author : David Charles Hood
Publisher : Independently Published
Page : 0 pages
File Size : 47,9 Mb
Release : 2024-01-17
Category : Biography & Autobiography
ISBN : 9798876453112

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The Founding Visionary Alexander Hamilton by David Charles Hood Pdf

The Founding Visionary Alexander Hamilton: Founding Father, Architect of the American Financial System By David Charles Hood is a captivating exploration of the life and legacy of one of America's most influential figures. Hood skillfully delves into the intricacies of Hamilton's brilliant mind, highlighting his crucial role in shaping the nation's financial system and political landscape. With meticulous research and engaging prose, Hood paints a vivid portrait of Hamilton's journey from an orphaned immigrant to a key architect of the United States' foundation. As a historian, David Charles Hood brings a profound understanding of the era, offering readers a nuanced perspective on Hamilton's accomplishments and challenges. Through this insightful biography, Hood not only unveils the historical significance of Hamilton's contributions but also captures the human side of the visionary leader. For those seeking a rich and enlightening narrative on the Founding Father, "The Founding Visionary Alexander Hamilton" is a must-read. Join David Charles Hood on this illuminating journey through history, exploring the complexities of Alexander Hamilton's enduring impact on the American story. Uncover the untold tales and wisdom of a remarkable figure who helped shape the nation we know today. Don't miss your chance to experience history come alive. Grab your copy of The Founding Visionary Alexander Hamilton: Founding Father, Architect of the American Financial System, and Legacy in the Birth of a Nation now and immerse yourself in the extraordinary life of a true American luminary.