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Books > History > American history
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Alexander Hamilton on Finance, Credit, and Debt (Paperback)
Loot Price: R424
Discovery Miles 4 240
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Alexander Hamilton on Finance, Credit, and Debt (Paperback)
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Loot Price R424
Discovery Miles 4 240
Expected to ship within 12 - 19 working days
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While 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, 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, 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 selection of his writings. The 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. The book showcases Hamilton's thoughts on 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 during 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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