The Most Famous Founding Father You’ve Never Heard of Was Hamilton's Arch-Nemesis and a Deficit Hawk

The Most Famous Founding Father You’ve Never Heard of Was Hamilton's Arch-Nemesis and a Deficit Hawk

Alexander Hamilton had a nemesis… and it was not Aaron Burr. After Hamilton enacted a wide-scale spending program to build up America's military and infrastructure, and thus send it into debt, newly-elected President Thomas Jefferson chose a Secretary of the Treasury to dismantle his system—Albert Gallatin.

Considered a “foreigner, a tax rebel, and a dangerously clever man,” the Geneva-born Gallatin was despised by Hamilton and the Federalists. During their political careers, these two economic masterminds were locked in a battle to surmount the other’s financial system for the new nation.

During his twelve years as Secretary of the Treasury, Gallatin overcame his predecessor by
-- Repaying half of the national debt
-- Containing the federal government by restraining its fiscal power
-- Abolishing internal taxes in peacetime
-- Slashing spending

Today I'm talking with Gregory May, author of the new book Jefferson’s Treasure: How Albert Gallatin Saved the New Nation from Debt.

We discuss Gallatin’s rise to power, his tumultuous years at the Treasury, and his enduring influence on American fiscal policy.

See omnystudio.com/listener for privacy information.

Jaksot(1074)

200 Years Before the French Revolution, German Peasants Tried to Overthrow The Holy Roman Empire

200 Years Before the French Revolution, German Peasants Tried to Overthrow The Holy Roman Empire

The German Peasants’ War of 1524-1525 was the largest popular uprising in Western Europe before the French Revolution. Somewhere between seventy and a hundred thousand peasants—roughly 2% of the male ...

14 Tammi 202554min

What the Middle Ages Can Teach Us About Pandemics, Mass Migration, and Tech Disruption

What the Middle Ages Can Teach Us About Pandemics, Mass Migration, and Tech Disruption

The medieval world – for all its plagues, papal indulgences, castles, and inquisition trials – has much in common with ours. People living the Middle Ages dealt with deadly pandemicsmass migration, an...

9 Tammi 202553min

Did Orson Welles’s 1938 ‘War of the Worlds’ Broadcast Really Cause a Mass Panic?

Did Orson Welles’s 1938 ‘War of the Worlds’ Broadcast Really Cause a Mass Panic?

On a warm Halloween Eve, October 30, 1938, during a broadcast of H G. Wells' War of the Worlds, Orson Welles held his hands up for radio silence in the CBS studio in New York City while millions of pe...

7 Tammi 202548min

A Talk With The Polar Geographer Who Discovered Shackleton’s Endurance Under 10,000 ft of Frozen Water

A Talk With The Polar Geographer Who Discovered Shackleton’s Endurance Under 10,000 ft of Frozen Water

On August 1, 1914, British explorer Sir Ernest Shackelton and his crew sailed from England, set on making history as the first to cross Antarctica. Their ship never returned from her maiden voyage. On...

2 Tammi 202543min

The Founding Fathers Were 20 and 30-Somethings. Why Is America Now a Gerontocracy?

The Founding Fathers Were 20 and 30-Somethings. Why Is America Now a Gerontocracy?

A house on the Florida coast. An assisted living program. A lively retirement community. Medicare. Our modern concept of old age—and even the idea of old age as a distinct stage of life—are products o...

31 Joulu 202442min

A Pre-WWI French Philosopher Was More Popular Than Elvis and Possibly Entered the US Into the Great War

A Pre-WWI French Philosopher Was More Popular Than Elvis and Possibly Entered the US Into the Great War

In New York City, 1913, French philosopher Henri Bergson gave a lecture at Columbia University, resulting in fanfare, traffic jams, and even fainting spells among the thousands of people clamoring for...

26 Joulu 202443min

While Starving at Besieged Leningrad, Scientists Hid Drought-Resistant Crop Seeds That Could Prevent Future Famines

While Starving at Besieged Leningrad, Scientists Hid Drought-Resistant Crop Seeds That Could Prevent Future Famines

In the summer of 1941, German troops surrounded the Russian city of Leningrad—now St. Petersburg—and began the longest blockade in recorded history, one that would ultimately claim the lives of nearly...

24 Joulu 202440min

Surviving Nearly 2 Years of Shipwreck on a South Pacific Island in the 1880s

Surviving Nearly 2 Years of Shipwreck on a South Pacific Island in the 1880s

Today, half of the world’s population lives around the Pacific Rim. This ocean has been the crossroads of international travel, trade, and commerce for at least 500 years. The economy was driven by w...

19 Joulu 202443min

Suosittua kategoriassa Yhteiskunta

olipa-kerran-otsikko
sita
siita-on-vaikea-puhua
kaksi-aitia
i-dont-like-mondays
gogin-ja-janin-maailmanhistoria
uutiscast
poks
antin-palautepalvelu
rss-nikotellen
mamma-mia
kolme-kaannekohtaa
yopuolen-tarinoita-2
aikalisa
rss-murhan-anatomia
meidan-pitais-puhua
rss-palmujen-varjoissa
rss-haudattu
naakkavalta
mystista