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.

Avsnitt(1076)

Future History: The Story Behind '2001: A Space Odyssey'

Future History: The Story Behind '2001: A Space Odyssey'

Listen to the rest of this episode and others from Beyond the Big Screen at parthenonpodcast.comSee omnystudio.com/listener for privacy information.

2 Feb 202222min

The Last King of America: George III, His Battles With Madness, and Being a Thoroughly Underrated Monarch

The Last King of America: George III, His Battles With Madness, and Being a Thoroughly Underrated Monarch

Most Americans dismiss George III as a buffoon: a heartless and terrible monarch with few, if any, redeeming qualities (picture the preening, spitting, and pompous version in Hamilton). But in 2017, t...

1 Feb 202242min

Dragons Exist In Nearly Every Culture’s Mythology As a Mirror of Their Fears. What Are Ours?

Dragons Exist In Nearly Every Culture’s Mythology As a Mirror of Their Fears. What Are Ours?

We live in the golden age of dragons – they appear in Game of Thrones, most film adaptations of the works of J.R.R. Tolkein, and nearly everything tangentially related to fantasy. They date back mille...

27 Jan 202250min

Harry Guggenheim: The Elon Musk of the Gilded Age

Harry Guggenheim: The Elon Musk of the Gilded Age

Harry Guggenheim was a man of impressive achievements and staggering wealth. While most commonly known for the creation of the famed Solomon Guggenheim Museum, Harry was also the co-founder of Newsday...

25 Jan 202238min

Are Cities Humanity’s Greatest Invention or an Incubator of Disease, Crime, and Horrific Exploitation?

Are Cities Humanity’s Greatest Invention or an Incubator of Disease, Crime, and Horrific Exploitation?

During the two hundred millennia of humanity’s existence, nothing has shaped us more profoundly than the city. From their very beginnings, cities created such a flourishing of human endeavor—new profe...

20 Jan 202256min

Revolutionary Monsters: Why Lenin, Mao, Castro, and Others Turned Liberation into Tyranny

Revolutionary Monsters: Why Lenin, Mao, Castro, and Others Turned Liberation into Tyranny

All sparked movements in the name of liberating their people from their oppressors—capitalists, foreign imperialists, or dictators in their own country. These revolutionaries rallied the masses in the...

18 Jan 202225min

Robert E. Lee Was America’s Most Gallant, Decorated Traitor

Robert E. Lee Was America’s Most Gallant, Decorated Traitor

Robert E. Lee was one of the most confounding figures in American history. From Lee’s betrayal of his nation to defend his home state and uphold the slave system he claimed to oppose, to his traitorou...

13 Jan 202254min

Frederick Douglass, Abraham Lincoln, and the Contentious Path to Emancipation

Frederick Douglass, Abraham Lincoln, and the Contentious Path to Emancipation

In a little-noted eulogy delivered shortly after Abraham Lincoln’s assassination, Frederick Douglass called the martyred president “emphatically the Black man’s president,” and the “first to show any ...

11 Jan 202254min

Populärt inom Samhälle & Kultur

podme-dokumentar
gynning-berg
aftonbladet-krim
svenska-fall
p3-dokumentar
en-mork-historia
mardromsgasten
killradet
skaringer-nessvold
creepypodden-med-jack-werner
kod-katastrof
flashback-forever
hor-har
rattsfallen
rss-mer-an-bara-morsa
historiska-brott
rss-sanning-konsekvens
larm-vi-minns
vad-blir-det-for-mord
rss-nemo-moter-en-van