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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: ManyMoose who wrote (197072)	2/19/2007 9:42:38 PM
From: kech	Read Replies (1) \| Respond to of 793757

Alan Chernow's book on Hamilton can't be beat in terms of the developments behind the financial set-up of the new nation, including money system and banking.

To: ManyMoose who wrote (197072)	2/19/2007 11:41:04 PM
From: LindyBill	Respond to of 793757

The politics didn't come into it that much except as viewed from the frontier, just the effects and the explanation of a poor monetary structure. Hamilton knew we needed a central bank. "He was the first Secretary of the Treasury and had much influence over the rest of the government and the formation of policy, including foreign and military policy. He convinced Congress to use an elastic interpretation of the Constitution to pass far-reaching laws. They included the creation of a national debt, federal assumption of the state debts, creation of a national bank, and a system of taxes through a tariff on imports and a tax on whiskey that would pay for it all. He admired the success of the British system, and opposed the early excesses of the French Revolution." en.wikipedia.org