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(1075)

Daniel Webster -- Perhaps History’s Greatest Orator -- Turned Virginians and New Yorkers Into Americans

Daniel Webster -- Perhaps History’s Greatest Orator -- Turned Virginians and New Yorkers Into Americans

When the United States was founded in 1776, its citizens didn’t think of themselves as “Americans.” They were New Yorkers or Virginians or Pennsylvanians. It was decades later that the seeds of Americ...

17 Jan 202337min

How Ottoman Sultan Suleyman Conquered Most of Europe and the Mediterranean While Avoiding Assassination

How Ottoman Sultan Suleyman Conquered Most of Europe and the Mediterranean While Avoiding Assassination

Within a decade and a half, Ottoman Sultan Suleyman, who reigned form 1520 to 1566, held dominion over twenty-five million souls, from Baghdad to the walls of Vienna, and with the help of his brillian...

12 Jan 202344min

Yoga Came to America via an Indian Monk at the 1893 Worlds Fair

Yoga Came to America via an Indian Monk at the 1893 Worlds Fair

If you are one of the 40 million people in the United States who practice yoga, or if you have ever meditated, you have a forgotten Indian monk named Swami Vivekananda to thank. Few thinkers have had ...

10 Jan 202345min

A Modern-Day Knight Discusses What Knightly Service Means in 2023 (Essentially, Less Crusading and More Volunteering)

A Modern-Day Knight Discusses What Knightly Service Means in 2023 (Essentially, Less Crusading and More Volunteering)

In 1348, King Edward III founded a charity for impoverished men-at-arms, who came to be known as the Alms Knights (or Poor Knights). These knights were destitute because their families ransomed them i...

5 Jan 202330min

J. Edgar Hoover’s 50-Year Career of Blackmail, Entrapment, and Taking Down Communist Spies

J. Edgar Hoover’s 50-Year Career of Blackmail, Entrapment, and Taking Down Communist Spies

J. Edgar Hoover was possibly the most powerful non-elected person in modern American history. As FBI director from 1924 through his death in 1972, he used the tools of state to create a personal fiefd...

3 Jan 202352min

The Irish Conquered the World With Plentiful Cheap Labor and Pints of Guinness

The Irish Conquered the World With Plentiful Cheap Labor and Pints of Guinness

When people think of Irish emigration, they often think of the Great Famine of the 1840s, which caused many to flee Ireland for the United States. But the real history of the Irish diaspora is much lo...

29 Des 202243min

Two British Sisters – A Typist and a Romance Novelist – Save Jewish Artists from the Holocaust With a Clever Con Involving Opera

Two British Sisters – A Typist and a Romance Novelist – Save Jewish Artists from the Holocaust With a Clever Con Involving Opera

In 1937, two British sisters, Louise and Ida Cook, seemed headed for spinsterhood due to so many men of their generation dying in World War One. Louise was a typist, and Ida was becoming a famous roma...

27 Des 202231min

The Double Victory Campaign: Over 1 Million Black Americans Enlisted in WW2 To Fight Fascism Abroad and Win Equality at Home

The Double Victory Campaign: Over 1 Million Black Americans Enlisted in WW2 To Fight Fascism Abroad and Win Equality at Home

In the wake of Imperial Japan’s attack on Pearl Harbor, American men famously flooded recruiting offices across the nation to join the war effort. These stories are well documented and attested by eye...

22 Des 202241min

Populært innen Samfunn

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