The Founders and Finance - How Hamilton, Gallatin, and Other Immigrants Forged a New Economy

Discusses how such immigrant founders as Alexander Hamilton, Albert Gallatin, and others were more financially savvy than native-born plantation owners Washington, Jefferson, and Madison, and how they carried the nation to prosperity.

About the author

Thomas K. McCraw was Straus Professor of Business History Emeritus at Harvard Business School and winner of the Pulitzer Prize for History.

Summary

In 1776 the U.S. owed huge sums to foreign creditors and its own citizens but, lacking the power to tax, had no means to repay them. This is the first book to tell the story of how foreign-born financial specialists—the immigrant founders Hamilton and Gallatin—solved the fiscal crisis and set the nation on a path to long-term economic prosperity.

Product details

• Authors: Thomas K McCraw, Thomas K. McCraw, McCraw Thomas K.
• Publisher: Belknap press
• Languages: English
• Product format: Paperback / Softback
• Released: 09.06.2014
• EAN: 9780674284104
• ISBN: 978-0-674-28410-4
• Dimensions: 158 mm x 238 mm x 35 mm
• Subjects: Social sciences, law, business > Business > General, dictionaries; USA, Modern history to 20th century: c 1700 to c 1900, History, BUSINESS & ECONOMICS / Economic History, HISTORY / United States / 19th Century, HISTORY / United States / Revolutionary Period (1775-1800), 19th century, c 1800 to c 1899, Economic history, c 1500 onwards to present day, 18th century, c 1700 to c 1799, United States of America, USA, History of the Americas