Founding Fathers

Alexander Hamilton

Ron Chernow has written an outstanding biography of Alexander Hamilton, one of our Founding Fathers. Hamilton helped stabilize the early nation’s economy and manage our early war debt from the Revolution. He was a strong Federalist and government management of the money supply and finance.

But Hamilton had established the first political precedent of national involvement in money and finance. That history and its supposed success would be continually asserted to pave the way, at least in part, for the Federal Reserve System in the early twentieth century.

More about this can be read here.
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