We are taught early on about Hamilton’s central role in the decision by the newly independent United States to assume the debts of its former colonies, a key step in constructing a sound monetary system and a creditworthy nation. That’s just a tiny example of the achievements and the visionary genius of our first — and greatest — Treasury secretary, who built the nation’s financial architecture from scratch.
Over Thomas Jefferson’s fierce opposition, he established the Bank of the United States, which facilitated government transactions and the creation of our national currency. Then there’s his 1791 Report on Manufactures, in which he displayed his understanding of the key role government can play in promoting economic development.
Not content to report, Hamilton acted, turning Paterson, N.J., into our first centrally planned industrial hub. If economic policy had been left to the agrarian-oriented Jefferson, we’d all still be farmers.
Contrast that record with Jackson’s.
Join the conversation as a VIP Member