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One Nation Under Debt: Hamilton, Jefferson, and the History of What We Owe

Robert E. Wright




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 | #1171483 in Books |  2008-03-12 | Original language:English | PDF # 1 |  9.10 x1.36 x6.50l,1.68 | File type: PDF | 256 pages

||3 of 3 people found the following review helpful.| An interesting history of the early US national debt|By Metallurgist|With all of the talk these days of the size of the US national debt it is nice to read a cogent history of how the US handled the national debt that originated from the Revolutionary War and the period up to 1836. Why stop in 1836 - that was when the US paid off its debt and for the first and last time became|From the Back Cover||The Untold History of America's First Debt and its Relevance in Today's Economy |“Wright tackles the thorny question of what makes countries wealthy through the lens of a U.S. addiction: government indebtedness.”|-Simo

Like its current citizens, the United States was born in debt-a debt so deep that it threatened to destroy the young nation. Thomas Jefferson considered the national debt a monstrous fraud on posterity, while Alexander Hamilton believed debt would help America prosper. Both, as it turns out, were right.

One Nation Under Debt explores the untold history of America's first national debt, which arose from the immense sums needed to conduct the American Rev...

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