Top positive review
US Government Financial History - The First 50 years!
on July 18, 2015
Thomas McCraw's book is an great illuminating look into the United States first generation of government financiers. Readers who aren't familiar with Alexander Hamilton's accomplishments will find this is a useful book to read. McCraw doesn't delve into complicated financial instruments. He does take the time to explain Hamilton's actions. He smoothly transitions to the career of Gallatin giving a the reader a uninterrupted view of US financial developments in the 1st 50 years of the 19th century. A second line of analysis which winds its way through the book is the fact that the US had no experts in finance initially and had to rely on recently arrived immigrants to get the federal on a sound financial footing. Any student of the time period and subject will also find the book has a wealth of bibliographical foot notes pointing readers of this tome towards other avenues and aspects of American financial history. These notes consume about half the actual book; McCraw also tacks on several unifying chapters to explain common threads in the lives of these men. Little time is spent on their personal lives except where it figures into their professional lives. Still a great read for those unfamiliar with this aspect of US History!