Hamilton's Blessing: The Extraordinary Life and Times of Our National DebtPenguin Books, 1998 - 220 psl. Measured at the staggering amount of $5.1 trillion (and growing every day) the national debt is unfathomable to most Americans. What we may not realize is that the United States was born out of debt. After the Revolution, the brilliant Alexander Hamilton was less interested in paying down the Revolutionary war debt than in using it to create a vibrant national economy. If it is not excessive, he declared, a national debt will be to us a national blessing.In a fascinating narrative brimming with colorful characters, historical accidents, and American ingenuity, business historian John Steele Gordon leads us on a tour of an American institution whose largely unknown story has been integrally entwined with our country's destiny. At key points in U.S. history, Gordon shows how the national debt has been a potent instrument of fiscal policy in keeping the world safe for democracy.But how much debt is too much? At a time when we despair of balancing even a single year's budget, Hamilton's Blessing provides much needed perspective -- and hope. |
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2 psl.
... million . In 1748 it reached £ 76 million ; in 1763 , £ 131 million . The expenses of the American Revolution then increased it to £ 245 million by 1784 . Certainly the example of Spain was fresh in the minds of British political and ...
... million . In 1748 it reached £ 76 million ; in 1763 , £ 131 million . The expenses of the American Revolution then increased it to £ 245 million by 1784 . Certainly the example of Spain was fresh in the minds of British political and ...
48 psl.
... million , typical of what they had been in recent years , and the debt was only $ 45 million . The following year , however , with the outbreak of war , outlays jumped to over $ 20 million . By 1814 they would be more than $ 34 million ...
... million , typical of what they had been in recent years , and the debt was only $ 45 million . The following year , however , with the outbreak of war , outlays jumped to over $ 20 million . By 1814 they would be more than $ 34 million ...
77 psl.
... million from bankers there , pending the issu- ance of government bonds paying 7.30 percent interest . * Fifty million dollars was a huge underwriting for the banks of those days , but a drop in the bucket compared with what Chase ...
... million from bankers there , pending the issu- ance of government bonds paying 7.30 percent interest . * Fifty million dollars was a huge underwriting for the banks of those days , but a drop in the bucket compared with what Chase ...
Turinys
The Hamiltonian Miracle | 11 |
Andrew Jackson Redeems the Debt | 42 |
Armageddon and the National Debt | 67 |
Autorių teisės | |
Nerodoma skirsnių: 4
Kiti leidimai - Peržiūrėti viską
Hamilton's Blessing– The Extraordinary Life and Times of Our National Debt John Steele Gordon Peržiūra negalima - 1997 |
Pagrindiniai terminai ir frazės
Adam Smith Alexander Hamilton American economy amount Andrew Jackson Andrew Mellon became began bill bonds borrow British budget deficit capital central bank century Civil Congress Constitution corporate country's course decade deductions Democratic depression dollar economic economists elected fact federal government Federal Reserve federal spending flat tax Founding Fathers Franklin Roosevelt fund Girard Hamilton impoundment income tax increased inflation interest issue J. P. Morgan Jackson Jay Cooke Jefferson Keynes Keynesian Keynesian economic line-item veto loan Madison Effect major Mellon ment million national debt nearly nomic outlays paid percent percentage personal income tax political politicians president programs prosperity quickly raise Republican result rich Roosevelt Senate sharply Social Security soon speculation surplus Taft tariff tax code tax rate tax revenues tax system taxation tion Treasury U.S. government United veto voted Wall Street Washington Watergate scandal White House write to Penguin wrote York