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)

Last Night on the Titanic: The Cooks

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Subscribe today for access to all premium episodes! https://patreon.com/unpluggedSee omnystudio.com/listener for privacy information.

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Last Night on the Titanic: The Bakers

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In this episode we are looking at the life of Charles Joughin, a colorful character who has appeared in both film version of the Titanic. After the sinking, Joughin claimed he knew it was an iceberg t...

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On the night of April 14, 1912, in the last hours before the Titanic struckthe iceberg, passengers in all classes were enjoying unprecedented luxuries. Innovations in food, drink, and decor made this ...

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ANNOUNCEMENT: Special Series 'Last Night on the Titanic' Starts Next Week

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An announcement for a forthcoming series coming to the History Unplugged Podcast called "Last Night on the Titanic."See omnystudio.com/listener for privacy information.

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