The Founders and Finance: How Hamilton, Gallatin, and Other Immigrants Forged a New Economy
- ISBN-10
- 0674067665
- ISBN-13
- 9780674067660
- Category
- History
- Pages
- 390
- Language
- English
- Published
- 2012-10-08
- Publisher
- Harvard University Press
- Author
- Thomas K. McCraw
Description
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.
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