The Founders and Finance: How Hamilton, Gallatin and Other Immigrants Forged a New Economy
Book by Thomas K. McCraw, Harvard Business School
Reviewed by John Reda, Illinois State University
John Reda, Assistant Professor of History at Illinois State University, reviews The Founders and Finance: How Hamilton, Gallatin and Other Immigrants Forged a New Economy. The book argues that a group of immigrants including Alexander Hamilton and Albert Gallatin, rescued the United States from insolvency resulting from the Revolutionary War and are responsible for much of the country’s economic trajectory. The book further explores how the experience of immigrants helped to shape their ideas about the movement of capital across nations and integrating the US into transatlantic credit markets.
Read the book review at https://doi.org/10.1111/imre.12179.