Latest Posts

Second Bank of the United States

America’s Stunning Growth Under the Second National Bank

By Anton Chaitkin The following is an excerpt from a longer article, published in 2012, on the industrial progress of the United States which Andrew Jackson acted to destroy. It describes the collaboration between the Bank, state and local governments, the military, and President John Quincy Adams during his term […]

by April 5, 2018 History
Martin Luther King addresses the 1963 March on Washington from the Lincoln Memorial

Martin Luther King: Fulfilling the Constitution

By Nancy Spannaus April 4, 2018—On this 50th anniversary of the assassination of that great American Martin Luther King, we’d do well to devote serious thought to his mission. In my view, it was nothing less than to inspire a movement to fulfill the ideals of the American System for all […]

by April 4, 2018 Commentary
American System: Don’t Privatize Veterans’ Care

American System: Don’t Privatize Veterans’ Care

March 31, 2018—President Trump’s firing of the Secretary of Veterans Affairs David Shulkin on March 28, is an ominous sign that proponents of privatizing the medical care system for veterans are gaining the upper hand. Should privatization occur, it would be a violation of principles which were part of the […]

by March 31, 2018 News
Statue of John Marshall in Philadelphia,

Marshall’s Supreme Court Affirms American System

by Edward Spannaus  First of a series March 26, 2018–Next year will mark the 200th anniversary of a series of decisions by the United States Supreme Court which cemented the principles of Alexander Hamilton  and the American System  into U.S. constitutional law. It was in the Court’s 1819 term–sometimes called the “Great […]

by March 26, 2018 Commentary
Logo for National Geographic's "One Strange Rock"

Our Planet: One Strange Rock

Scientific inquiry was always a high priority for the proponents of the American System of Economics—from Ben Franklin and Alexander Hamilton on. I am publishing this news item in that spirit.—Nancy Spannaus  By Marsha Freeman March 24, 2018 – In the early 1800s, naturalist and geographer Alexander von Humboldt set […]

by March 24, 2018 News
Demonstrating for Federal aid to Puerto Rico on March 20 in Washington, D.C.

Puerto Rico: Cancel Debt, Build Infrastructure

By Angela Vullo March 22, 2018–On March 20, Congresswoman Nydia Velasquez (D-NY) hosted a discussion on the subject of “Puerto Rico, Six Months after Hurricane Maria.”  The event provided an opportunity for small businesses and NGOS on the ground to talk about relief work immediately after the Hurricane. What became […]

by March 22, 2018 News
FDR Launches Public Works, Starting with the CCC

FDR Launches Public Works, Starting with the CCC

March 20, 2018–Franklin Roosevelt’s New Deal model  is still relevant today, Rep. Marcy Kaptur recognizes with her 21st Century Civilian Conservation Corps Act (H.R. 2206). Read about a part of that model below. March 18, 1933 began the second phase of FDR’s “Hundred Days” program, the one devoted explicitly to […]

by March 20, 2018 History, Infrastructure
New Book Features Hamilton’s “Financial Revolution”

New Book Features Hamilton’s “Financial Revolution”

By Nancy Spannaus March 16, 2018—Economic historian Richard Sylla of New York University presented his newly published book, Alexander Hamilton on Finance, Credit, and Debt, on March 14 at a National Archives noon lecture. His thesis was a forceful argument that it was Hamilton who was uniquely responsible for the […]

by March 16, 2018 News
What Is the American System?

What Is the American System?

By Nancy Spannaus March 13, 2018—When I began this blog nine months ago, I set out to provide an overview of the American System of Economics through introducing readers to the leading practitioners of that system, with a special focus on Alexander Hamilton’s  ideas and achievements. I am now convinced that […]

by March 13, 2018 About
American production of pig iron and steel over the decade. (U.S. Geological Survey)

Steel Tariffs: What’s an American System Approach to Saving U.S. Industry?

By Nancy Spannaus March 8, 2018—President Trump’s announcement of his intent to impose 25% tariffs on U.S. steel imports, and 10% tariffs on aluminum imports, has stirred up an essential debate: What will it take to save the U.S. manufacturing sector? Is it even desirable for the government to exercise […]

by March 8, 2018 News