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.

Episoder(1073)

Greenland is Nothing: American Nearly Acquired El Salvador, Canada, and the Kamchatka Peninsula

Greenland is Nothing: American Nearly Acquired El Salvador, Canada, and the Kamchatka Peninsula

America’s desire to expand its borders has existed since its first colonies – from attempts to settle beyond the Appalachian Mountains in the 18th century to Manifest Destiny in the 19th century down ...

2 Apr 43min

From Big Village to Global Power: The Thousand-Year Rise of Moscow, Russia's Fortress Capital

From Big Village to Global Power: The Thousand-Year Rise of Moscow, Russia's Fortress Capital

When St. Petersburg nobility mockingly called Moscow a "big village," in the 19th century – a time when they lived in all the excess found in a Tolstoy novel -- they couldn't have imagined the provinc...

31 Mar 56min

American Civilians Caught Behind Enemy Lines After Pearl Harbor, and How They Were Repatriated

American Civilians Caught Behind Enemy Lines After Pearl Harbor, and How They Were Repatriated

In the wake of Pearl Harbor, more than ten thousand Americans living abroad became trapped in Japanese-controlled territories, and with rumors of ill treatment and torture, the U.S. State Department w...

26 Mar 47min

Washington's Crossing from the Other Side: Three Hessian Soldiers' Stories of Defeat and Capture at the Battle of Trenton

Washington's Crossing from the Other Side: Three Hessian Soldiers' Stories of Defeat and Capture at the Battle of Trenton

Emanuel Leutze's iconic painting Washington Crossing the Delaware shows the general standing heroically at the bow of his boat, staring toward an unseen enemy across the icy river. But who were those ...

24 Mar 46min

From Bronze to Blood: How the Sword Became Humanity's First Murder Weapon

From Bronze to Blood: How the Sword Became Humanity's First Murder Weapon

For nearly two thousand years, swords reigned as humanity's weapon of choice—the first tools designed exclusively to kill other humans rather than hunt animals. When archaeologist Paul Gething redisco...

19 Mar 47min

Scientists Who Were Ridiculed, Exiled, and Imprisoned for Being Right

Scientists Who Were Ridiculed, Exiled, and Imprisoned for Being Right

Science progresses through breakthrough discoveries, but behind many of the field's greatest advancements lies a darker history of scientific dysfunction—hostile competition, information hoarding, and...

17 Mar 47min

How Two California Wines Shattered Centuries of French Supremacy in a Blind Taste Test

How Two California Wines Shattered Centuries of French Supremacy in a Blind Taste Test

In 1976, nine French wine judges did the unthinkable: they blindly selected two California wines over France's most elite vintages in what became known as the Judgment of Paris. This shocking upset se...

12 Mar 36min

How an Italian Engineer with 700 Knights Defeated 100,000 Ottoman Troops at the Siege Rhodes

How an Italian Engineer with 700 Knights Defeated 100,000 Ottoman Troops at the Siege Rhodes

Throughout the 16th century, one man stood between the Ottoman Empire and European domination, yet his name has been largely forgotten. Gabriele Tadino was an Italian military engineer whose genius tr...

10 Mar 43min

Populært innen Samfunn

rss-spartsklubben
giver-og-gjengen-vg
aftenpodden
konspirasjonspodden
aftenpodden-usa
popradet
lydartikler-fra-aftenposten
rss-nesten-hele-uka-med-lepperod
rss-henlagt-andy-larsgaard
alt-fortalt
grenselos
wolfgang-wee-uncut
min-barneoppdragelse
fladseth
synnve-og-vanessa
rss-dette-ma-aldri-skje-igjen
rss-dannet-uten-piano
krisemoter
198-land-med-einar-trnquist
rss-frekvens-med-anine-olsen