John Steele Gordon is a writer who for over the past 20 years has had articles published in multiple magazines and newspapers. He specializes in business and financial history, and he is a contributing editor to American Heritage, also since 1989 he has been the writer of a column titled “Business of America”. Not only has John Steele Gordon written for newspapers and magazines he has also written books such as; Hamilton’s Blessing: The Extraordinary Life and Times of Our National Debt (Walker, 1977), The Great Game: The Emergence of Wall Street as a World Power: 1653-2000 (1999), and lastly A Thread Across the Ocean: The Heroic Story of the Transatlantic Cable (Walker, 2002). (pg. 55) The article, Was Alexander Hamilton an Economic Genius?
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Some of the reasons Gordon included to support his argument were, that as the first secretary of the treasury, Alexander Hamilton was able to establish a Treasury Department that had about 40 employees, which made that department larger than most other departments. Another reason, Hamilton devised a plan on how to fund the national debt through public credit, not only did this help fund the national debt, but this also allowed the new government to borrow as needed. All these economic accomplishments were established within the first two years of the new government. Between the two sides neither can deny the fact that Hamilton made an impact on American that without his contributions to America our world today would be dramatically different. Alexander Hamilton was recommended for the position of secretary of the treasury by Robert Morris, who also had extensive financial background and was originally offered the position, Hamilton had wrote to Morris “A national debt, if it is not excessive, will be to us a national blessing,” he wrote. “It will be a powerful cement to our union. It will also create a necessity for keeping up taxation to a degree which, without being oppressive, will be a spur to industry.” (pg. 50) Morris who is known as
Some of the reasons Gordon included to support his argument were, that as the first secretary of the treasury, Alexander Hamilton was able to establish a Treasury Department that had about 40 employees, which made that department larger than most other departments. Another reason, Hamilton devised a plan on how to fund the national debt through public credit, not only did this help fund the national debt, but this also allowed the new government to borrow as needed. All these economic accomplishments were established within the first two years of the new government. Between the two sides neither can deny the fact that Hamilton made an impact on American that without his contributions to America our world today would be dramatically different. Alexander Hamilton was recommended for the position of secretary of the treasury by Robert Morris, who also had extensive financial background and was originally offered the position, Hamilton had wrote to Morris “A national debt, if it is not excessive, will be to us a national blessing,” he wrote. “It will be a powerful cement to our union. It will also create a necessity for keeping up taxation to a degree which, without being oppressive, will be a spur to industry.” (pg. 50) Morris who is known as