The Founders and Finance

The Founders and Finance
ISBN-10
0674071352
ISBN-13
9780674071353
Category
History
Pages
495
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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