Coverart for item
The Resource The founders and finance : how Hamilton, Gallatin, and other immigrants forged a new economy, Thomas K. McCraw

The founders and finance : how Hamilton, Gallatin, and other immigrants forged a new economy, Thomas K. McCraw

Label
The founders and finance : how Hamilton, Gallatin, and other immigrants forged a new economy
Title
The founders and finance
Title remainder
how Hamilton, Gallatin, and other immigrants forged a new economy
Statement of responsibility
Thomas K. McCraw
Creator
Subject
Language
eng
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
Cataloging source
DLC
http://library.link/vocab/creatorName
McCraw, Thomas K
Dewey number
330.973/04
Illustrations
illustrations
Index
index present
LC call number
HJ261
LC item number
.M37 2012
Literary form
non fiction
Nature of contents
bibliography
http://library.link/vocab/subjectName
  • Hamilton, Alexander
  • Gallatin, Albert
  • United States
  • Finance, Public
  • Monetary policy
  • United States
  • United States
  • United States
  • United States
Label
The founders and finance : how Hamilton, Gallatin, and other immigrants forged a new economy, Thomas K. McCraw
Instantiates
Publication
Bibliography note
Includes bibliographical references and index
Carrier category
volume
Carrier category code
nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Contents
  • Alexander Hamilton, 1757-1804
  • Albert Gallatin, 1761-1849
  • The legacies
Control code
ocn786273392
Dimensions
24 cm
Extent
viii, 485 pages
Isbn
9780674066922
Isbn Type
(alk. paper)
Lccn
2012014006
Media category
unmediated
Media MARC source
rdamedia
Media type code
n
Other physical details
illustrations
System control number
  • (Sirsi) o786273392
  • (OCoLC)786273392
Label
The founders and finance : how Hamilton, Gallatin, and other immigrants forged a new economy, Thomas K. McCraw
Publication
Bibliography note
Includes bibliographical references and index
Carrier category
volume
Carrier category code
nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Contents
  • Alexander Hamilton, 1757-1804
  • Albert Gallatin, 1761-1849
  • The legacies
Control code
ocn786273392
Dimensions
24 cm
Extent
viii, 485 pages
Isbn
9780674066922
Isbn Type
(alk. paper)
Lccn
2012014006
Media category
unmediated
Media MARC source
rdamedia
Media type code
n
Other physical details
illustrations
System control number
  • (Sirsi) o786273392
  • (OCoLC)786273392

Library Locations

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      30.328998 -81.657873
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      30.289039 -81.4732779
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