History of the Philadelphia National Bank PDF Download

Author: Nicholas B. Wainwright
Publisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 300

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Author: Alexander Hamilton
Publisher: Coventry House Publishing
ISBN:
Category : History
Languages : en
Pages : 50

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Book Description
In 1791, The First Bank of the United States was a financial innovation proposed and supported by Alexander Hamilton, the first Secretary of the Treasury. Establishment of the bank was part of a three-part expansion of federal fiscal and monetary power, along with a federal mint and excise taxes. Hamilton believed that a national bank was necessary to stabilize and improve the nation's credit, and to improve financial order, clarity, and precedence of the United States government under the newly enacted Constitution. Alexander Hamilton (1755-1804) was a founding father of the United States, one of the most influential interpreters and promoters of the Constitution, the founder of the American financial system, and the founder of the Federalist Party. As the first Secretary of the Treasury, Hamilton was the primary author of the economic policies for George Washington’s administration. Hamilton took the lead in the funding of the states’ debts by the federal government, the establishment of a national bank, and forming friendly trade relations with Britain. He led the Federalist Party, created largely in support of his views; he was opposed by the Democratic Republican Party, led by Thomas Jefferson and James Madison, which despised Britain and feared that Hamilton’s policies of a strong central government would weaken the American commitment to Republicanism.

Author: Robert E. Wright
Publisher: University of Chicago Press
ISBN: 0226910687
Category : Biography & Autobiography
Languages : en
Pages : 261

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The authors chronicle how a different group of nine founding fathers forged the wealth and institutions necessary to transform the American colonies from a diffuse alliance of contending business interests into one cohesive economic superpower.

Author: Virginius Gilmore Iden
Publisher: Legare Street Press
ISBN: 9781015740136
Category :
Languages : en
Pages : 0

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Book Description
This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work is in the "public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.

Author: Josiah Granville Leach
Publisher:
ISBN:
Category :
Languages : en
Pages : 220

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Author: Clément Juglar
Publisher:
ISBN:
Category : Business cycles
Languages : en
Pages : 172

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Author: Robert E. Wright
Publisher: University of Chicago Press
ISBN: 0226910296
Category : History
Languages : en
Pages : 219

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When Americans think of investment and finance, they think of Wall Street—though this was not always the case. During the dawn of the Republic, Philadelphia was the center of American finance. The first stock exchange in the nation was founded there in 1790, and around it the bustling thoroughfare known as Chestnut Street was home to the nation's most powerful financial institutions. The First Wall Street recounts the fascinating history of Chestnut Street and its forgotten role in the birth of American finance. According to Robert E. Wright, Philadelphia, known for its cultivation of liberty and freedom, blossomed into a financial epicenter during the nation's colonial period. The continent's most prodigious minds and talented financiers flocked to Philly in droves, and by the eve of the Revolution, the Quaker City was the most financially sophisticated region in North America. The First Wall Street reveals how the city played a leading role in the financing of the American Revolution and emerged from that titanic struggle with not just the wealth it forged in the crucible of war, but an invaluable amount of human capital as well. This capital helped make Philadelphia home to the Bank of the United States, the U.S. Mint, an active securities exchange, and several banks and insurance companies—all clustered in or around Chestnut Street. But as the decades passed, financial institutions were lured to New York, and by the late 1820s only the powerful Second Bank of the United States upheld Philadelphia's financial stature. But when Andrew Jackson vetoed its charter, he sealed the fate of Chestnut Street forever—and of Wall Street too. Finely nuanced and elegantly written, The First Wall Street will appeal to anyone interested in the history of the United States and the origins of its unrivaled economy.

Author: Andrew Wallace Barnes
Publisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 132

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Author: Robert Vincent Remini
Publisher: W. W. Norton
ISBN: 9780393097573
Category : Biography & Autobiography
Languages : en
Pages : 192

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Examines Jackson's role in destroying the Second Bank of the United States and the effect of his actions on the power of the Presidency

Author: Gary B. Nash
Publisher: University of Pennsylvania Press
ISBN: 0812219422
Category : History
Languages : en
Pages : 394

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Book Description
Covering more than two centuries of social, economic, and political change, and offering a challenging, innovative approach to urban as well national history, First City tells the Philadelphia story through the wealth of material culture its citizens have chosen to preserve.