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Alexander Hamilton on Finance, Credit, and Debt

Amazon.com Price:  $28.95 (as of 06/05/2019 09:56 PST- Details)

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Description

Even as serving as the first Treasury Secretary from 1789 to 1795, Alexander Hamilton engineered a financial revolution. Hamilton established the Treasury debt market, the dollar, and a central bank, Even as strategically prompting private entrepreneurs to establish securities markets and stock exchanges and encouraging state governments to charter quite a few commercial banks and other business corporations. Yet in spite of a up to date surge of interest in Hamilton, U.S. 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 collection of his writings. The financial historians and Hamilton experts Richard Sylla and David J. Cowen provide statement that demonstrates the affect Hamilton had at the brand new economic system, guiding readers through Hamilton’s distinguished career. The book showcases Hamilton’s thoughts at the nation’s founding, the need for a strong central government, confronting 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 all through the country’s first full-blown financial crisis in 1792. Sylla and Cowen center Hamilton’s writings on finance among his most important accomplishments, making his brilliance as an economic policy maker accessible to all interested in this Founding Father’s legacy.

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