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Founding Finance: How Debt, Speculation, Foreclosures, Protests, and Crackdowns Made Us a Nation (Discovering America) Hardcover – October 15, 2012


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Founding Finance: How Debt, Speculation, Foreclosures, Protests, and Crackdowns Made Us a Nation (Discovering America) + The Founders and Finance: How Hamilton, Gallatin, and Other Immigrants Forged a New Economy
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Product Details

  • Series: Discovering America (Book 5)
  • Hardcover: 284 pages
  • Publisher: University of Texas Press; 1 edition (October 15, 2012)
  • Language: English
  • ISBN-10: 0292743610
  • ISBN-13: 978-0292743618
  • Product Dimensions: 9.1 x 5.9 x 1.2 inches
  • Shipping Weight: 1.2 pounds (View shipping rates and policies)
  • Average Customer Review: 4.6 out of 5 stars  See all reviews (5 customer reviews)
  • Amazon Best Sellers Rank: #905,076 in Books (See Top 100 in Books)

Editorial Reviews

Review

Mixing lively narrative with fresh views of America’s founders, in Founding Finance, William Hogeland offers a new perspective on America’s economic infancy. (Bob Edmonds McCormick Messenger 2014-05-08)

About the Author

William Hogeland writes and speaks on startling connections between American history and today’s political and cultural struggles. He is the author of the critically acclaimed narrative histories Declaration and The Whiskey Rebellion, as well as a collection of essays, Inventing American History. His articles have appeared in the New York Times, Atlantic, American History Magazine, Boston Review, Salon, Huffington Post, and elsewhere. He has also appeared on CBS’s Good Morning, America, PBS’s History Detectives, and C-SPAN’s Book TV.

More About the Author

Born in Virginia and raised in Brooklyn, New York, William Hogeland is the author of three books on founding U.S. history, "The Whiskey Rebellion" (Simon and Schuster), "Declaration" (Simon and Schuster), and "Founding Finance" (University of Texas Press), as well as a collection of essays, "Inventing American History" (Boston Review Books/MIT Press). His next book is under contract to Farrar, Straus and Giroux.

Hogeland's work in history represents an unusual blend of dramatic narrative and critical interpretation. He has also written about history, music, and politics for "The Atlantic Monthly," "AlterNet," "Salon," "The New York Times," "Boston Review," and "The Huffington Post." His essay "American Dreamers" appears in Da Capo's "Best Music Writing 2009," edited by Greil Marcus. Hogeland also contributed the chapter on insurrections to "A Blackwell Companion to American Military History."

Hogeland's blog is at http://www.williamhogeland.com. He has an online self-publishing venture at http://www.hogelandpublishing.com. He posts at http://twitter/WilliamHogeland, and his Facebook author page is http://www.facebook.com/pages/William-Hogeland/108281879206433.

Customer Reviews

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16 of 18 people found the following review helpful By John Mugge on April 1, 2013
Format: Hardcover Verified Purchase
William Hogeland, in his new book, Founding Finance, wishes to dispel the notion that the Constitution is a document born of a set of high democratic ideals held universally by our founding fathers. Throughout the book Hogeland cites conservatives as represented by the Tea Party, and liberals as represented by the Occupy Movement, as examples of groups fighting over the interpretation of the Constitution as if arguments depended upon consistency with the divinely inspired pure reason inherent in that original document. Both groups are misguided, Hogeland insists. Rather than derived from an inspired consensus, the United States was founded in a period of intense conflict, not just with Great Britain, but within its own borders between its own citizens. The author would leave us with a picture of John Adams and Thomas Paine, the representatives of the Federalist and Egalitarian Democratic views respectively, freeze-framed in hot debate just prior to the signing of the Declaration of Independence in 1776. The demythification of the period and its famous documents, Hogeland believes, would set the current economic and political debates on a sounder footing.

At issue is what the Constitution is all about. Grover Norquist and the Tea Party look to the founding fathers as promoters of small government, balanced budgets, and low taxes. Progressives and liberals look to the Constitution as a document defending democracy and equal rights. But according to Hogeland, the Constitution, championed by the likes of Alexander Hamilton and George Washington, is one that promoted establishing a great nation based on a national debt, taxation, and a concentration of wealth.
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8 of 12 people found the following review helpful By Glenn W. Fritz on December 13, 2012
Format: Hardcover Verified Purchase
I find William Hogeland's new book to offer a valuable perspective to the creation of the new nation and its connection to the creation of its national debt.

From a review at Jacobin:

[...]
"We find something quite different in William Hogeland's new book, Founding Finance. It sits alongside Lepore's The Whites of Their Eyes in that it reflects on historiography as well as on its historical subjects; but where Lepore acerbically mocked Tea Party "historical fundamentalism," Hogeland's critique takes aim at the mainstream. He argues that the way we've been told to see the Founding Fathers, by "the leading historians of our time" as well as by non-specialists like McCullough, is damaging to our understanding of politics, finance, and the world we've inherited. Although his critique differs from the one outlined above, he does offer a radical revision of the standard popular view."
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By Jada Thacker on August 26, 2014
Format: Paperback Verified Purchase
No book should be "required reading" in a free society. But if you doubt we live in such a society, then perhaps you should make reading this book a personal requirement. On second thought, make re-reading it a requirement as well.
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1 of 3 people found the following review helpful By Justin Frank on December 18, 2013
Format: Kindle Edition Verified Purchase
One of the best books about the revolutionary period ever written. Makes you look at everything in a different light. I'd recommend this to anyone with an inkling of interest in the formation of the USA.
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4 of 13 people found the following review helpful By Michael Bonislawski on December 30, 2012
Format: Hardcover Verified Purchase
Hogeland's book Founding Finance sucessfuly reveals the contradiction between "founded in liberty" and "founded in debt" and in a sense he iscorrect; however, state and congressional leaders were stuck with the thorny problem of financing a war that had already reached full bloom. Needing cash for wartime materials suppressed issues of egalitarianism and universal suffrage. How should the Revolutionary War be financed? Although raising some interesting problems in America's founding, the book does not tell the reader how these issues should be solved.
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