By Nancy Spannaus June 25, 2021—As the Whig Party geared up for the presidential elections of 1840, the United States was mired in a deep depression. While that depression had been brought on by the Jackson Administration’s dismantling of the Second Bank of the United States, there was not broad […]
Hamilton Denounced “Unprincipled Gamblers” By Nancy Spannaus Oct. 31, 2019—The Oct. 28 column in Wall Street on Parade revealed new evidence of the way in which Wall Street speculation, especially by JPMorgan Chase, is threatening the U.S. financial and economic system. I quote: But here’s the shocking news. According to […]
By Nancy Spannaus May 2, 2019—If Congress and the President are serious about funding a long overdue national infrastructure program, Hamiltonian banking must be the subject of their discussions over the coming weeks. A model proposal for a Hamiltonian National Infrastructure Bank has been proposed by this blog for nearly […]
By Nancy Spannaus March 9, 2019—The March 6 House Ways and Means Committee hearing on transportation infrastructure put the crucial problem which is blocking vitally-needed action on this topic, squarely on the table: the lack of understanding of the Hamiltonian principle of credit. From Representative Peter DeFazio, Chairman of the […]
By Nancy Spannaus Jan. 17, 2019—Some words of wisdom from our philosopher-founder Benjamin Franklin are surely appropriate in these times, and his 313th birthday—to be celebrated today—is a good time to pay them heed. Old Ben is known for shaping many aspects of our fight for independence, but one area […]
Historians on Hamilton, How a Blockbuster Musical is Restaging America’s Past Renee C. Romano and Claire Bond Potter, editors Rutgers University Press, New Brunswick, 2018, 399 pp. By Nancy Spannaus Aug. 2, 2018—While I did not have very high hopes for this book of essays critiquing the Lin-Manuel Miranda’s musical […]
by Edward Spannaus Fifth of a series. The first four parts of this series, devoted to “John Marshall and the American System” can be found here. July 23, 2018–With the help of American System champion Henry Clay and his supporters, John Quincy Adams was elected President in early 1825, after […]
By Nancy Spannaus June 25, 2018—In his Report on the Subject of Manufactures, and elsewhere, American System founder Alexander Hamilton made it clear that the government’s responsibility in this area should be to foster technological advances and adequate supply in the industries crucial to the nation’s national defense and general […]
By Nancy Spannaus May 12, 2018—On April 23, 1834, a meeting of the “People of Mifflin County, Pa.” adopted the following resolution, which it sent on to the Congress of the United States: Resolved. . . . That the unwise and unlawful removal of the public deposits from the Bank […]
Sept. 26, 2021—While Congress continues deadlocked in a battle over inadequate infrastructure spending bills, support is growing for establishing a Hamiltonian Infrastructure Bank. A campaign by local officials determined to meet the full needs of the nation is spreading across the country. The focus of their efforts is H.R. 3339 […]
By Nancy Spannaus Aug. 27, 2021—Come September, I will be teaching two classes at local colleges on “Why American Slavery Persisted.” They will be offered, for a fee, at both the Institute for Learning in Retirement at Frederick Community College in Maryland, and the Lifelong Learning Program at Shepherd University […]
The Pathway to National Unity
By Nancy Spannaus Jan. 25, 2021—President Biden’s inaugural call for national unity, as the nation’s top priority, has been met with cynicism from all sides. Yet, his objective is not only correct, but urgent. The nation’s leadership must devise a pathway to national unity without delay. But what is the […]