The Founders and Finance
Opis
In 1776 the US owed huge sums to foreign creditors and its own citizens but, lacking the power to tax, had no means to repay them. This book tells 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. Well told by McCraw are the familiar stories of Hamilton's consolidation and funding of the public debt, of his incessant fighting with Thomas Jefferson, and of his final duel with Aaron Burr...McCraw shows just how different was Jefferson's party from the one doing business under the Republican banner today.--James Grant"Wall Street Journal" (11/02/2012)