LEADER 04971nam 2200649Ia 450 001 9910827707603321 005 20230801225237.0 010 $a0-674-07135-2 010 $a0-674-06766-5 024 7 $a10.4159/harvard.9780674067660 035 $a(CKB)2670000000276309 035 $a(StDuBDS)AH24437918 035 $a(SSID)ssj0000755756 035 $a(PQKBManifestationID)11438058 035 $a(PQKBTitleCode)TC0000755756 035 $a(PQKBWorkID)10748629 035 $a(PQKB)11530947 035 $a(MiAaPQ)EBC3301156 035 $a(DE-B1597)178023 035 $a(OCoLC)835789719 035 $a(OCoLC)840441440 035 $a(DE-B1597)9780674067660 035 $a(Au-PeEL)EBL3301156 035 $a(CaPaEBR)ebr10619766 035 $a(OCoLC)923118984 035 $a(EXLCZ)992670000000276309 100 $a20120412d2012 uy 0 101 0 $aeng 135 $aur||||||||||| 181 $ctxt 182 $cc 183 $acr 200 14$aThe founders and finance$b[electronic resource] $ehow Hamilton, Gallatin, and other immigrants forged a new economy /$fThomas K. McCraw 210 $aCambridge, Mass. $cBelknap Press of Harvard University Press$d2012 215 $a1 online resource (viii, 485 p. )$cill 300 $aFormerly CIP.$5Uk 311 0 $a0-674-06692-8 320 $aIncludes bibliographical references and index. 327 $tFront matter --$tContents --$tIntroduction --$tPart I. Alexander Hamilton 1757-1804 --$tChapter 1. St. Croix and Trauma --$tChapter 2. New York and Promise --$tChapter 3. War and Heroism --$tChapter 4. Love and Social Status --$tChapter 5. The Roots of His Thinking --$tChapter 6. Robert Morris, Hamilton, and Finance --$tChapter 7. The Constitution --$tChapter 8. New Government, Old Debt --$tChapter 9. The Fight over the Debt --$tChapter 10. The Bank of the United States --$tChapter 11. Diversifying the Economy --$tChapter 12. Tensions and Political Parties --$tChapter 13. The Decline --$tChapter 14. The Duel --$tPart II. Albert Gallatin 1761-1849 --$tChapter 15. Choosing the New World --$tChapter 16. Moving to the West --$tChapter 17. Entering Politics --$tChapter 18. Becoming Jeffersonian --$tChapter 19. The Climb to Power --$tChapter 20. Debt, Armaments, and Louisiana --$tChapter 21. Developing the West --$tChapter 22. Embargo and Frustration --$tChapter 23. Dispiriting Diplomacy --$tChapter 24. The Fate of the Bank --$tChapter 25. Financing the Wayward War --$tChapter 26. Winning the Peace --$tChapter 27. His Long and Useful Life --$tPart III. The Legacies --$tChapter 28. Immigrant Exceptionalism? --$tChapter 29. Comparisons and Contingencies --$tChapter 30. Capitalism and Credit --$tChapter 31. The Political Economy of Hamilton and Gallatin --$tNotes --$tAcknowledgments --$tCredits --$tIndex 330 $aIn 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. 606 $aFinance, Public$zUnited States$xHistory 606 $aMonetary policy$zUnited States$xHistory 607 $aUnited States$xEconomic policy 607 $aUnited States$xHistory$yRevolution, 1775-1783 607 $aUnited States$xHistory$y1783-1865 607 $aUnited States$xPolitics and government$y1783-1865 615 0$aFinance, Public$xHistory. 615 0$aMonetary policy$xHistory. 676 $a973 700 $aMcCraw$b Thomas K$0141995 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910827707603321 996 $aThe founders and finance$93972898 997 $aUNINA