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Quote by Alexander Hamilton

“The tendency of a national bank is to increase public and private credit. The former gives power to the state, for the protection of its rights and interests: and the latter facilitates and extends the operations of commerce among individuals. Industry is increased, commodities are multiplied, agriculture and manufacturers flourish: and herein consists the true wealth and prosperity of a state.”

Quote by Alexander Hamilton

Book:The works of Alexander Hamilton: comprising his correspondence, and his political and official writings, exclusive of the federalist, civil and military
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The works of Alexander Hamilton: comprising his correspondence, and his political and official writings, exclusive of the federalist, civil and military

The Works of Alexander Hamilton is a comprehensive compilation of the correspondence and political and official writings of Alexander Hamilton. It offers insight into Hamilton's role in the early years of the United States, focusing on his contributions to the nation's political and legal development. The volume excludes Hamilton's work on The Federalist, as well as his writings on civil and military matters, providing a focused look at his political thought and correspondence. more

Author

Alexander Hamilton
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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Book:Notes on the State of Virginia
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“The defect of power in the existing confederacy, to regulate the commerce between its several members is in the number of those which have been clearly pointed out by experience . . . . A very material object of this power was the relief of the States which import and export through other States from the improper contributions levied on them by the latter.”

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Book:The Federalist, on the New Constitution, Written in the Year 1788, by Mr. Hamilton, Mr. Madison, and Mr. Jay: with an Appendix, Containing the Letters of Pacificus and Helvidius, on the Proclamation of Neutrality of 1793; Also, the Original Articles of Confederation, and the Constitution of the United States, with the Amendments Made Thereto
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“The Spirit of Enterprise, which characterizes the commercial part of America, has left no occasion of displaying itself unimproved. It is not at all probable that this unbridled spirit would pay much respect to those regulations of trade by which particular States might endeavor to secure exclusive benefits to their own citizens.”

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Book:The Fœderalist: A Collection of Essays, Written in Favor of the New Constitution, as Agreed Upon by the Fœderal Convention, September 17, 1787. Reprinted from the Original Text. With an Historical Introduction and Notes
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“There are still to be found visionary or designing men, who stand ready to advocate the paradox of perpetual peace between the states, though dismembered and alienated from each other.... The genius of republics, say they, is pacific; the spirit of commerce has a tendency to soften the manners of men, and to extinguish those inflammable humours which have so often kindled into wars. Commercial republics, like ours, will never be disposed to waste themselves in ruinous contentions with each other. They will be governed by mutual interest, and will cultivate a spirit of mutual amity and concord.”

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Author:Alexander Hamilton
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“Passive commerce . . . should thus . . . [compel us] to content ourselves with the first price of our commodities, and to see the profits of our trade snatched from us, to enrich our enemies and persecutors. That unequalled spirit of enterprise . . . an inexhaustible mine of national wealth, would be stifled and lost; and poverty and disgrace would overspread a country, which, with wisdom, might make herself the admiration and envy of the world.”

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Book:The Federalist, on the New Constitution
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