“There are respectable individuals, who from a just aversion to an accumulation of Public debt, are unwilling to concede to it any kind of utility, who can discern no good to alleviate the ill with which they suppose it pregnant; who cannot be persuaded that it ought in any sense to be viewed as an increase of capital lest it should be inferred, that the more debt the more capital, the greater the burthens the greater the blessings of the community.”
Quote by Alexander Hamilton
Work
Report of the Secretary of the Treasury of the United States, on the Subject of Manufactures: Presented to the House of Representatives, December 5, 1791
The 'Report of the Secretary of the Treasury of the United States, on the Subject of Manufactures' is a significant historical document that provides a comprehensive overview of the economic and industrial policies of the United States in the early 19th century. Authored by the Secretary of the Treasury, it was presented to the House of Representatives on December 5, 1791. The report discusses the state of manufacturing in the country, the role of government in promoting industrial growth, and the economic implications of these policies. It is a valuable resource for understanding the early economic development of the United States and the formation of its economic policies. more
Author
Alexander Hamilton
Alexander Hamilton was a Founding Father of the United States, born on January 11, 1757, and died on July 12, 1804. He played a crucial role in the American Revolutionary War and was instrumental in the drafting of the U.S. Constitution. As the first Secretary of the Treasury, Hamilton promoted fiscal stability and economic growth, establishing the First Bank of the United States and proposing solutions for federal debt. His ideas and policies had a profound impact on the early political and economic development of the United States. more
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