The Hamilton Scheme
The Hamilton Scheme

Author: William Hogeland

Publisher: Farrar, Straus and Giroux

Published: 2024-05-28

Total Pages: 307

ISBN-13: 0374720258

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"William Hogeland is the best guide I have found to understanding how we today are, for good and evil, children of Alexander.” —J. Bradford DeLong, professor of economics at the University of California, Berkeley, and author of Slouching Towards Utopia How Alexander Hamilton embraced American oligarchy to jumpstart American prosperity. “Forgotten founder” no more, Alexander Hamilton has become a global celebrity. Millions know his name. Millions imagine knowing the man. But what did he really want for the country? What risks did he run in pursuing those vaulting ambitions? Who tried to stop him? How did they fight? It’s ironic that the Hamilton revival has obscured the man’s most dramatic battles and hardest-won achievements—as well as downplaying unsettling aspects of his legacy. Thrilling to the romance of becoming the one-man inventor of a modern nation, our first Treasury secretary fostered growth by engineering an ingenious dynamo—banking, public debt, manufacturing—for concentrating national wealth in the hands of a government-connected elite. Seeking American prosperity, he built American oligarchy. Hence his animus and mutual sense of betrayal with Jefferson and Madison—and his career-long fight to suppress a rowdy egalitarian movement little remembered today: the eighteenth-century white working class. Marshaling an idiosyncratic cast of insiders and outsiders, vividly dramatizing backroom intrigues and literal street fights—and sharply dissenting from recent biographies—William Hogeland’s The Hamilton Scheme brings to life Hamilton’s vision and the hard-knock struggles over democracy, wealth, and the meaning of America that drove the nation’s creation and hold enduring significance today.

Founding Finance
Founding Finance

Author: William Hogeland

Publisher: University of Texas Press

Published: 2012-10-01

Total Pages: 285

ISBN-13: 0292745753

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The author of The Whiskey Rebellion “dig[s] beneath history’s surface and note[s] both the populist and anti-populist dimensions of the nation’s founding” (Library Journal). Recent movements such as the Tea Party and anti-tax “constitutional conservatism” lay claim to the finance and taxation ideas of America’s founders, but how much do we really know about the dramatic clashes over finance and economics that marked the founding of America? Dissenting from both right-wing claims and certain liberal preconceptions, Founding Finance brings to life the violent conflicts over economics, class, and finance that played directly, and in many ways ironically, into the hardball politics of forming the nation and ratifying the Constitution—conflicts that still continue to affect our politics, legislation, and debate today. Mixing lively narrative with fresh views of America’s founders, William Hogeland offers a new perspective on America’s economic infancy: foreclosure crises that make our current one look mild; investment bubbles in land and securities that drove rich men to high-risk borrowing and mad displays of ostentation before dropping them into debtors’ prisons; depressions longer and deeper than the great one of the twentieth century; crony mercantilism, war profiteering, and government corruption that undermine any nostalgia for a virtuous early republic; and predatory lending of scarce cash at exorbitant, unregulated rates, which forced people into bankruptcy, landlessness, and working in the factories and on the commercial farms of their creditors. This story exposes and corrects a perpetual historical denial—by movements across the political spectrum—of America’s all-important founding economic clashes, a denial that weakens and cheapens public discourse on American finance just when we need it most.

The Whiskey Rebellion
The Whiskey Rebellion

Author: William Hogeland

Publisher: Simon and Schuster

Published: 2015-09-15

Total Pages: 322

ISBN-13: 1439193290

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A gripping and sensational tale of violence, alcohol, and taxes, The Whiskey Rebellion uncovers the radical eighteenth-century people’s movement, long ignored by historians, that contributed decisively to the establishment of federal authority. In 1791, on the frontier of western Pennsylvania, local gangs of insurgents with blackened faces began to attack federal officials, beating and torturing the tax collectors who attempted to collect the first federal tax ever laid on an American product—whiskey. To the hard-bitten people of the depressed and violent West, the whiskey tax paralyzed their rural economies, putting money in the coffers of already wealthy creditors and industrialists. To Alexander Hamilton, the tax was the key to industrial growth. To President Washington, it was the catalyst for the first-ever deployment of a federal army, a military action that would suppress an insurgency against the American government. With an unsparing look at both Hamilton and Washington, journalist and historian William Hogeland offers a provocative, in-depth analysis of this forgotten revolution and suppression. Focusing on the battle between government and the early-American evangelical movement that advocated western secession, The Whiskey Rebellion is an intense and insightful examination of the roots of federal power and the most fundamental conflicts that ignited—and continue to smolder—in the United States.

One Nation Under Debt: Hamilton, Jefferson, and the History of What We Owe
One Nation Under Debt: Hamilton, Jefferson, and the History of What We Owe

Author: Robert E. Wright

Publisher: McGraw Hill Professional

Published: 2008-05-01

Total Pages: 433

ISBN-13: 0071543945

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Like its current citizens, the United States was born in debt-a debt so deep that it threatened to destroy the young nation. Thomas Jefferson considered the national debt a monstrous fraud on posterity, while Alexander Hamilton believed debt would help America prosper. Both, as it turns out, were right. One Nation Under Debt explores the untold history of America's first national debt, which arose from the immense sums needed to conduct the American Revolution. Noted economic historian Robert Wright, Ph.D. tells in riveting narrative how a subjugated but enlightened people cast off a great tyrant-“but their liberty, won with promises as well as with the blood of patriots, came at a high price.” He brings to life the key events that shaped the U.S. financial system and explains how the actions of our forefathers laid the groundwork for the debt we still carry today. As an economically tenuous nation by Revolution's end, America's people struggled to get on their feet. Wright outlines how the formation of a new government originally reduced the nation's debt-but, as debt was critical to this government's survival, it resurfaced, to be beaten back once more. Wright then reveals how political leaders began accumulating massive new debts to ensure their popularity, setting the financial stage for decades to come. Wright traces critical evolutionary developments-from Alexander Hamilton's creation of the nation's first modern capital market, to the use of national bonds to further financial goals, to the drafting of state constitutions that created non-predatory governments. He shows how, by the end of Andrew Jackson's administration, America's financial system was contributing to national growth while at the same time new national and state debts were amassing, sealing the fate for future generations.

Semi-Lagrangian Approximation Schemes for Linear and Hamilton-Jacobi Equations
Semi-Lagrangian Approximation Schemes for Linear and Hamilton-Jacobi Equations

Author: Maurizio Falcone

Publisher: SIAM

Published: 2014-01-31

Total Pages: 331

ISBN-13: 161197304X

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This largely self-contained book provides a unified framework of semi-Lagrangian strategy for the approximation of hyperbolic PDEs, with a special focus on Hamilton-Jacobi equations. The authors provide a rigorous discussion of the theory of viscosity solutions and the concepts underlying the construction and analysis of difference schemes; they then proceed to high-order semi-Lagrangian schemes and their applications to problems in fluid dynamics, front propagation, optimal control, and image processing. The developments covered in the text and the references come from a wide range of literature.

Reynolds Pamphlet
Reynolds Pamphlet

Author: Alexander Hamilton

Publisher: Graphic Arts Books

Published: 2021-05-11

Total Pages: 29

ISBN-13: 1513297112

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The Reynolds Pamphlet (1797) is an essay by Alexander Hamilton. Written while Hamilton was serving as Secretary of the Treasury, the Pamphlet was intended as a defense against accusations that Hamilton had conspired with James Reynolds to misuse funds meant to cover unpaid wages to Revolutionary War veterans. Admitting to an affair with Maria, Reynolds’ wife, Hamilton claims that the accusation is nothing more than an attempt at blackmail. This revelation not only endangered Hamilton’s career as a public figure, but constituted perhaps the earliest sex scandal in American history. “The bare perusal of the letters from Reynolds and his wife is sufficient to convince my greatest enemy that there is nothing worse in the affair than an irregular and indelicate amour. For this, I bow to the just censure which it merits. I have paid pretty severely for the folly and can never recollect it without disgust and self condemnation. It might seem affectation to say more.” Accused of corruption in his role as Secretary of the Treasury, Alexander Hamilton was forced to confess his adultery, bringing shame to himself as a married man and supposedly honorable public figure, yet saving his political career in the process. Looking back on his affair with Maria Reynolds from a distance of five years, Hamilton expresses regret for his foolishness, yet wholeheartedly denies her husband’s accusation that he had been involved in his scheme to misuse government funds. Perhaps the first sex scandal in American history, the Reynolds affair sent shockwaves throughout the burgeoning republic, leaving many to question the motives and character of their leaders for the first time, though certainly not the last. With a beautifully designed cover and professionally typeset manuscript, this edition of Alexander Hamilton’s Reynolds Pamphlet is a classic of American literature reimagined for modern readers.

Hamilton's Curse
Hamilton's Curse

Author: Thomas J. Dilorenzo

Publisher: Forum Books

Published: 2009-12-08

Total Pages: 258

ISBN-13: 0307382850

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Thomas Jefferson and Alexander Hamilton--two of the most influential Founding Fathers--were also fierce rivals with two opposing political philosophies and two radically different visions for America. While Jefferson is better remembered today, it is actually Hamilton’s political legacy that has triumphed--a legacy that has subverted the Constitution and transformed the federal government into the very leviathan state that our forefathers fought against in the American Revolution. How did we go from the Jeffersonian ideal of limited government to the bloated imperialist system of Hamilton’s design? Acclaimed economic historian, Thomas J. DiLorenzo reveals how Hamilton, first as a delegate to the Constitutional Convention and later as the nation’s first and most influential treasury secretary, masterfully promoted an agenda of nationalist glory and interventionist economics. These core beliefs did not die with Hamilton in his fatal duel with Aaron Burr, but were carried on through his political heirs. The Hamiltonian legacy wrested control into the hands of the federal government by inventing the myth of the Constitution’s “implied powers, transforming state governments from Jeffersonian bulwarks of liberty to beggars for federal crumbs. It also devised a national banking system that imposes boom-and-bust cycles on the American economy; saddled Americans with a massive national debt and oppressive taxation, and pushed economic policies that lined the pockets of the wealthy and created a government system built on graft, spoils, and patronage. By debunking the Hamiltonian myths, DiLorenzo exposes an uncomfortable truth: the American people are no longer the masters of their government but its servants. Only by restoring a system based on Jeffersonian ideals can Hamilton’s curse be lifted, at last.

Washington and Hamilton
Washington and Hamilton

Author: Tony Williams

Publisher: Sourcebooks, Inc.

Published: 2015-09-15

Total Pages: 359

ISBN-13: 1492609846

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The true story of the friendship between founding fathers George Washington and Alexander Hamilton. From the American Revolution to the nation's first tempestuous years, this history book tells the largely untold story of the men who built America from the ground up and changed US history. In the wake of the American Revolution, the Founding Fathers faced a daunting task: overcome their competing visions to build a new nation, the likes of which the world had never seen. As hostile debates raged over how to protect their new hard-won freedoms, two men formed an improbable partnership that would launch the fledgling United States: George Washington and Alexander Hamilton. Washington and Hamilton chronicles the unlikely collaboration between these two conflicting characters at the heart of our national narrative: Washington, the indispensable general devoted to classical virtues, and Hamilton, an ambitious officer and lawyer eager for fame of the noblest kind. Working together, they laid the groundwork for the institutions that govern the United States to this day and protected each other from bitter attacks from Jefferson and Madison, who considered their policies a betrayal of the republican ideals they had fought for. Yet while Washington and Hamilton's different personalities often led to fruitful collaboration, their conflicting ideals also tested the boundaries of their relationship—and threatened the future of the new republic. From the rumblings of the American Revolution through the fractious Constitutional Convention and America's turbulent first years, this captivating history reveals the stunning impact of this unlikely duo that set the United States on the path to becoming a superpower. Ideal for fans of nonfiction best sellers Alexander Hamilton by Ron Chernow and The First Conspiracy by Brad Meltzer, Washington and Hamilton is a story of American history, political intrigue, and a friendship for the people.