Alexander Hamilton on a National Bank

The First Bank of the United States was needed because the government had a debt from the Revolutionary War, and each state had a different form of currency. It was built while Philadelphia was still the nation's capital. Alexander Hamilton conceived of the bank to handle the colossal war debt — and to create a standard form of currency.
Thomas Jefferson, George Washington, and John Adams are also in this video.

Category:

News & Politics

Tags:

• Alexander
• Hamilton
• National
• Bank
• Revolutionary
• War
• Debt
• Thomas
• Jefferson
• George
• Washington
• John
• Adams

[BIackOp]

@Thx1138d My heart is for Jefferson but my brain is for Mises.

[WintersAscension]

We're in a financial crisis because our government's been following Hamilton's ideas. Jefferson's ideas will lead us to prosperity. Jeffersonian forever.

[caitsidhe]

If we are to go to the fanciful idealism of Jefferson, why not go all the way? No money. Simply work done for its own joy, and to each according to his need and from each according to his ability. Surely, that is the most humane and best system - certainly, it is a biblical one - and no more dependent on the supposed goodness of the individuals involved? Hmm? In fact, with no money economy, it is a good deal less likely to be subverted by greed.

[hardstyle905]

fuck hamilscum and the bankers

[TheSirPrise]

@WintersAscension Yes, because an economy based on agriculture will ensure prosperity for a nation with a population of 300,000,000 people. Jeffersonian, always the idealist and never the realist. From following Hamilton's ideas the USA has achieved much both through money and technology, the increase in wealth increases technology and it advancement which increases the quality of life for the people.

[Kierkegaard73]

@Prowsky two reasons. One, the VP is also the president of the Senate - which places Mr. Adams as a member of the legislative branch and not the executive. Thus Wash. considered it a separation of powers issue. And two, During the Rev. War, Adams and the Lees' of Virginia had formed a cabal to try and remove Wash as commander and chief of the army - Adams was always envious of Wash.'s popularity. Wash never forgot this intrigue, and was certainly not exactly a fan of Adams

[tecnokid]

@taxidrivernwo hes no fascist. they were BOTH brilliant men. this nation was built on compromise and can only have prosperity with it.

[jerzy862]

@Prowsky No idea man. Keep in mind also it could be a personality clash. As talented and brilliant as John Adams was, he was hard to get along with.

[Prowsky]

@jerzy862 OK, but again: why? Washington was the first President, Adams the first Vice President, meaning their was no "constitutional tradition" they could relie on. Meaning: Washington could have handled the issue diffrent and give the Vice President at least a presence in the cabinet. But he didn't. So my question is still: why didn't he?

[jerzy862]

@Prowsky Vice Presidents of back then had nowhere near the influence of modern VPs. They were mainly figureheads. It was only until the Carter administration that VPs gained a respectable amount of influence and input.

[jerzy862]

What movie is this?

[Prowsky]

@Pilaf1984 OK, but why does it piss him off? Why doesn't he let the VP take part in the "cabinet matters"?