MARC Record from marc_columbia

LEADER: 03090cam a2200409 a 4500
001 9953999
005 20130502141604.0
008 120412s2012 maua b 001 0 eng
010 $a 2012014006
020 $a9780674066922 (hbk.)
020 $a0674066928 (hbk.)
024 $a99950603187
035 $a(OCoLC)786273392
035 $a(OCoLC)ocn786273392
035 $a(NNC)9953999
040 $aDLC$beng$cDLC$dIG#$dBTCTA$dBDX$dUKMGB$dOCLCO$dPHA$dYDXCP$dRCJ$dOCP$dIHV$dYBM$dCDX
043 $an-us---
050 00 $aHJ261$b.M37 2012
082 00 $a330.973/04$223
100 1 $aMcCraw, Thomas K.
245 14 $aThe founders and finance :$bhow Hamilton, Gallatin, and other immigrants forged a new economy /$cThomas K. McCraw.
260 $aCambridge, Mass. :$bBelknap Press of Harvard University Press,$c2012.
300 $aviii, 485 p. :$bill. ;$c24 cm.
504 $aIncludes bibliographical references and index.
520 $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.
505 00 $tAlexander Hamilton, 1757-1804 --$tAlbert Gallatin, 1761-1849 --$tThe legacies.
600 10 $aHamilton, Alexander,$d1757-1804.
600 10 $aGallatin, Albert,$d1761-1849.
610 10 $aUnited States.$bDepartment of the Treasury$xHistory.
650 0 $aFinance, Public$zUnited States$xHistory.
650 0 $aMonetary policy$zUnited States$xHistory.
651 0 $aUnited States$xEconomic policy.
651 0 $aUnited States$xHistory$yRevolution, 1775-1783.
651 0 $aUnited States$xHistory$y1783-1865.
651 0 $aUnited States$xPolitics and government$y1783-1865.
852 00 $boff,bus$hHJ261$i.M37 2012
852 00 $bbar$hHJ261$i.M37 2012