The Founders and Finance by Thomas K. McCraw
How Hamilton, Gallatin, and Other Immigrants Forged a New Economy

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...for all their political differences, McCraw carefully lays out evidence as to how close they were to each other in terms of Treasury matters.
-NY Journal of Books

Synopsis

In 1776 the U.S. owed huge sums to foreign creditors and its own citizens but, lacking the power to tax, had no means to repay them. This is the first book to tell the story of how foreign-born financial specialists—the immigrant founders Hamilton and Gallatin—solved the fiscal crisis and set the nation on a path to long-term economic prosperity.
 

About Thomas K. McCraw

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Thomas K. McCraw is Straus Professor of Business History Emeritus at Harvard Business School. His book, Prophets of Regulation, was awarded the 1985 Pulitzer Prize in History.
 
Published October 8, 2012 by Harvard University Press. 496 pages
Genres: Business & Economics, History. Non-fiction
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NY Journal of Books

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Reviewed by Robert Teitelman on Oct 16 2012

...for all their political differences, McCraw carefully lays out evidence as to how close they were to each other in terms of Treasury matters.

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