Sobre o livro
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 growing 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 Hamiltons 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 Hamiltons distinguished career. The book showcases Hamiltons ideas on the founding of America, the need for a strong central government, his analysis of the nascent nations 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 nations finances and jumpstarted economic growth. By playing a key role in the founding of three banks and a manufacturing corporation, Hamilton practiced what he preached. His deft political maneuvering and economic savvy saved the fledgling republics economy, as he effectively managed the countrys first full-blown financial crisis in 1792. Sylla and Cowen center Hamiltons writings on finance among his most important accomplishments, making his brilliance as an economic policy maker accessible to all interested in this Founding Fathers legacy.