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SkullandChains
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2010-11-09
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Where to put Obama's picture

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Where to  put Obama's picture

Comments for: Where to put Obama's picture
SkullandChains Report This Comment
Date: November 09, 2010 04:59PM

Alexander Hamilton, founding father, first secretary of the treasure and leader of the constitutional convention!
Mach Report This Comment
Date: November 09, 2010 08:53PM

angry
smiley

As secretary of the treasury in President Washington's first cabinet, Hamilton negotiated the first loan obtained by the new government on September 13, 1789. The $200,000 was obtained from the Bank of New York, a private corporation underwritten by the Bank of England, against which the treasury drew a series of warrants.

Those warrants constitute a milestone in establishing the credit of the new United States government, albeit with continued economic dependence upon the Bank of England. Hamilton's economic vision and firm grasp of banking principles served the Bank of New York well.

Alexander Hamilton was a talented political figure in American history, but he was prevented from achieving widespread recognition because of an overbearing nature and an inability to relate to the concerns of the common man. His views on the issues of favoring federal authority over the states rights, now firmly established, are still argued today.




Edited 1 time(s). Last edit at 09/11/2010 09:02PM by Mach.