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(1077)

America's Hub of Global Trade and Culture Was and Is....the Midwest?

America's Hub of Global Trade and Culture Was and Is....the Midwest?

When Kristin L. Hoganson arrived in Champaign, Illinois, after teaching at Harvard, studying at Yale, and living in the D.C. metro area with various stints overseas, she expected to find her new home,...

23 Jul 202030min

How Hollywood First Depicted the Atomic Bomb and the Manhattan Project

How Hollywood First Depicted the Atomic Bomb and the Manhattan Project

Soon after atomic bombs exploded over Hiroshima and Nagasaki in 1945, MGM set out to make a movie studio chief Louis B. Mayer called “the most important story” he would ever film: a big budget dramati...

21 Jul 202049min

A Time of Perfect American National Unity is a Myth, But Some US Origin Stories Are Better Than Others

A Time of Perfect American National Unity is a Myth, But Some US Origin Stories Are Better Than Others

The cherished idea of United States as a unified country has been long believed. But today’s guest Colin Woodard argues that this is an invented tradition. He has argued for the existence of 11 separa...

16 Jul 202047min

40 Thieves on Saipan: The Elite Marine Scout-Snipers in One of WWII’s Bloodiest Battles

40 Thieves on Saipan: The Elite Marine Scout-Snipers in One of WWII’s Bloodiest Battles

Before there were Navy SEALs, before there were Green Berets, there were the 40 Thieves: the elite Scout Sniper Platoon of the Sixth Marine Regiment during World War II. Behind enemy lines on the isla...

14 Jul 202038min

George Washington’s Team of Rivals: How His Cabinet Forefathered One of America’s Most Powerful Institutions

George Washington’s Team of Rivals: How His Cabinet Forefathered One of America’s Most Powerful Institutions

The U.S. Constitution never established a presidential cabinet—the delegates to the Constitutional Convention explicitly rejected the idea. So how did George Washington create one of the most powerful...

9 Jul 202042min

Lessons From James Monroe, Who Defeated a Pandemic and Overcame Partisanship

Lessons From James Monroe, Who Defeated a Pandemic and Overcame Partisanship

James Monroe, America’s fifth president and the last chief executive of the Founding Father generation, lived a life defined by revolutions. From the battlefields of the War for Independence, to his a...

7 Jul 202031min

Empires of the Sky: Zeppelins, Airplanes, and Two Men’s Epic Duel to Rule the World

Empires of the Sky: Zeppelins, Airplanes, and Two Men’s Epic Duel to Rule the World

At the dawn of the twentieth century, when human flight was still considered an impossibility, Germany's Count von Zeppelin vied with the Wright Brothers to build the world's first successful flying m...

2 Jul 20201h 11min

Nazis Nearly Assassinated Stalin, Churchill, and FDR in 1943. What If They Had Succeeded?

Nazis Nearly Assassinated Stalin, Churchill, and FDR in 1943. What If They Had Succeeded?

In the middle of World War II, Nazi military intelligence discovered a seemingly easy way to win the war for Adolf Hitler. The three heads of the Allied forces—Franklin Roosevelt, Winston Churchill, a...

30 Jun 202038min

Populært innen Samfunn

rss-spartsklubben
giver-og-gjengen-vg
aftenpodden
konspirasjonspodden
popradet
aftenpodden-usa
rss-nesten-hele-uka-med-lepperod
rss-henlagt-andy-larsgaard
lydartikler-fra-aftenposten
grenselos
wolfgang-wee-uncut
min-barneoppdragelse
synnve-og-vanessa
rss-dette-ma-aldri-skje-igjen
fladseth
frokostshowet-pa-p5
alt-fortalt
rss-dannet-uten-piano
198-land-med-einar-trnquist
relasjonspodden-med-dora-thorhallsdottir-kjersti-idem