Alexander Hamilton, America's Founding Father of Finance
His Original Reports on Public Credit, a National Bank, Manufactures
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Narrated by:
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Adam Sims
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John Chancer
About this listen
Though best known for his primary authorship of the Federalist Papers, his death in a duel at the hands of Vice President Aaron Burr on the banks of the Hudson River and his star role in a 21st-century musical, it is often overlooked that Alexander Hamilton was instrumental in creating the key financial building blocks of the young United States of America.
The first incumbent of the office of secretary of the Treasury on September 11, 1789 (under George Washington), Hamilton submitted a series of financial reports, meticulously researched, many of which, as Professor Mark Spencer explains in his introduction to this audiobook, became the economic foundations on which the US was built.
The three reports presented here are the most important: The First Report on Public Credit (1790), Report on a National Bank (1790) and Report on the Subject of Manufactures (1791). The exultation following the victory of independence was tempered by some harsh fiscal realities - not least the question of war debt. The war was expensive: there existed $54 million of national debt and a further $21 million carried by individual states. How were both these debts to be managed? Being appointed secretary of the treasury was a tough assignment, not least because Hamilton’s strong character often brought him into conflict with other major figures, including Barr and Thomas Jefferson.
Hamilton concluded that the nation should assume all the debt, aiming thereby to create a consolidated national debt. The Report on a National Bank was ‘the capstone’ of Hamilton’s transformative financial plan. Here, Hamilton called for the creation of a Bank of the United States which, among its functions, would be the supply of notes serving as the national currency. He concluded that the Bank would also provide a stable source of credit.
The Report on Manufactures was, as Professor Spencer explains, ‘a program for federal stimulation of industrial development in the United States.’ In this complex report, it has been pointed out, Hamilton articulated ‘a relationship between public and private interests and between the political and the markets, that is in marked contrast to the political economy of his Scottish contemporary Adam Smith’. These fascinating historical economic documents provide a breadth of understanding concerning the considerable contribution made by Alexander Hamilton during the formative years of the United States.
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El libro está bien, pero ES VERSION RESUMIDA
- By alexnvlp on 08-24-23
By: T. Harv Eker
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The Little Book of Common Sense Investing
- The Only Way to Guarantee Your Fair Share of Stock Market Returns, 10th Anniversary Edition
- By: John C. Bogle
- Narrated by: L. J. Ganser
- Length: 5 hrs and 50 mins
- Unabridged
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The Little Book of Common Sense Investing is the classic guide to getting smart about the market. Legendary mutual fund pioneer John C. Bogle reveals his key to getting more out of investing: low-cost index funds. Bogle describes the simplest and most effective investment strategy for building wealth over the long term: buy and hold, at very low cost, a mutual fund that tracks a broad stock market Index such as the S&P 500.
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One star for every point this 5 hour book makes.
- By Matt on 01-31-19
By: John C. Bogle
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The Millionaire Fastlane: Crack the Code to Wealth and Live Rich for a Lifetime
- By: MJ DeMarco
- Narrated by: MJ DeMarco
- Length: 12 hrs and 46 mins
- Unabridged
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Since you were old enough to hold a job, you've been hoodwinked to believe that wealth can be created by blindly trusting in the uncontrollable and unpredictable markets: the housing market, the stock market, and the job market. I call this soul-sucking, dream-stealing dogma "The Slowlane" - an impotent financial gamble that dubiously promises wealth in a wheelchair. For those who don't want a lifetime subscription to "settle-for-less", there is an alternative.
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Excellent!
- By Iray007 on 09-22-15
By: MJ DeMarco
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The 1-Page Marketing Plan
- Get New Customers, Make More Money, And Stand Out From The Crowd
- By: Allan Dib
- Narrated by: Joel Richards
- Length: 6 hrs and 31 mins
- Unabridged
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To build a successful business, you need to stop doing random acts of marketing and start following a reliable plan for rapid business growth. Traditionally, creating a marketing plan has been a difficult and time-consuming process, which is why it often doesn’t get done.
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You Need to buy Book to get key info
- By Rosie's mom on 10-23-18
By: Allan Dib
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The Price We Pay
- What Broke American Health Care - and How to Fix It
- By: Marty Makary MD
- Narrated by: Marty Makary MD
- Length: 9 hrs and 29 mins
- Unabridged
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One in five Americans now has medical debt in collections and rising health care costs today threaten every small business in America. Dr Makary, one of the nation's leading health care experts, travels across America and details why health care has become a bubble. Drawing from on-the-ground stories, his research and his own experience, The Price We Pay paints a vivid picture of price-gouging, middlemen and a series of elusive money games in need of a serious shake-up.
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Very important book!
- By Wayne on 05-17-21
By: Marty Makary MD
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One Million Followers, Updated Edition
- How I Built a Massive Social Following in 30 Days
- By: Brendan Kane
- Narrated by: Brendan Kane
- Length: 7 hrs and 50 mins
- Unabridged
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In One Million Followers, Kane will teach you how to gain an authentic, dedicated, and diverse online following from scratch; create personal, unique, and valuable content that will engage your core audience; and build a multimedia brand through platforms like Facebook, Instagram, YouTube, Snapchat, and LinkedIn.
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A Very Poor Read
- By Anthony Butler on 04-14-21
By: Brendan Kane
What listeners say about Alexander Hamilton, America's Founding Father of Finance
Average customer ratingsReviews - Please select the tabs below to change the source of reviews.
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- Ryan
- 03-21-22
Not good history
The reading was a bit dry. That isn’t so bad as the problem with the first 30 minutes of assessment putting Hamilton as a follower of laissez-faire economics, which he absolutely was not! Hamilton was an enemy of Adam Smith, Jeremy Bentham, Hume, and all those imperial enlightenment economists. How do I know? Because I have read these documents, which I’d hoped were going to be well read.
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