Like Hamilton, he had been orphaned—both of Burr’s parents died before his second birthday. But unlike the impoverished Hamilton, who worked tirelessly as a clerk, Burr relied on his influential family lineage. Burr’s grandfather was one of the most notable preachers in American history who...
“The roaring of the sea and wind, fiery meteors flying about it in the air, the prodigious glare of almost perpetual lightning, the crash of the falling houses, and the ear-piercing shrieks of the distressed, were sufficient to strike astonishment into Angels.” [BURR] Well, the word got...
Hamiltonwarconflicttradeindustrial espionagenational securityIn 1774, Alexander Hamilton posited that good policy consists of three ingredients: "First, that the necessity of the times require it. Secondly, that it be notSocial Science Electronic Publishing...
Alexander Hamilton's real-lief set the country's finances on a strong course. He founded theTreasury, the first(short-lived) central bank, and for all intents and purposes, Wall Street.1It's hard to imagine the U.S. as a prosperous...
Alexander Hamilton statue in front of the U.S. Treasury Department, Washington, D.C.VisionsofAmerica/Joe Sohm / Getty Images What Causes Inflation? Inflation can be caused by various factors, including increased production costs associated with raw materials, labor, or market disruptions. Higher de...
What would (or did) Milton Friedman think of Alexander Hamilton's monetary policies?Question:What would (or did) Milton Friedman think of Alexander Hamilton's monetary policies?Monetary Policy:Monetary policy regulates the money supply in an economy. It is conducted by the centr...
Rep. Elise Stefanik, who represents New York's 21st congressional district, recently called for Shafik to resign over the controversy. "It is crystal clear that Columbia University -- previously a beacon of academic excellence founded by Alexander Hamilton -- needs new leadership," Stefanik posted...
Secretary of the Treasury Alexander Hamilton managed to contain the crisis by May 1792 by extending credit and cash to local banks. But the young U.S. and its financial system had been badly rattled, and many in the investment community felt there was a need to re-establish trust in the ...
The Treasury Secretary serves as head of the U.S. Department of the Treasury. The position was created in 1789 and was first held by Alexander Hamilton under President George Washington. The Secretary of the Treasury is part of the President’s cabinet and is fifth in the line of succession...
In one of his “Federalist” essays urging New Yorkers to support the newly drafted Constitution, Alexander Hamilton called the judiciary the “weakest” part of the government and wrote that it “will always be the least dangerous to the political right