Post Tagged with: "Bank of the United States"

U.S. Federal Debt as percentage of GDP

Hamilton on Debt: Turn It into Capital!

by Nancy Spannaus June 15, 2019–In their June 12 column in Wall Street on Parade, Pam and Russ Martens reviewed the scandal of the century—the fact that the Federal Reserve has bailed out Wall Street to the tune of $27 trillion since the crash of 2008-9. They concluded, appropriately, with […]

by June 15, 2019 Commentary, News
The second floor of the first Bank of the United States. (Nancy Spannaus)

Inside Hamilton’s National Bank

By Nancy Spannaus May 26, 2019—During my recent trip to Philadelphia, I was honored to get a short tour inside Hamilton’s National Bank, the first Bank of the United States (BUS). Yes, the BUS building, which has the date 1795 on its pediment and was first a place of business […]

by May 27, 2019 News
A graphic of total factor productivity in the 20th Century, showing the effects of the FDR banking policy.

A Brief History of the Principle of National Banking in the United States

Aug. 27, 2018–While Central Banks exist in many other countries, the United States is unique in its successful development of national banking.  The purpose of National Banks, developed even before the ratification of the U.S. Constitution, was to marshal the financial resources of the young nation and direct them into […]

by August 27, 2018 Commentary, Infrastructure Bank
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
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