Hamilton , Credit, and the American Enterprise

Authored by: Jennifer J. Baker

The Routledge Companion to Literature and Economics

Print publication date:  September  2018
Online publication date:  September  2018

Print ISBN: 9781138190870
eBook ISBN: 9781315640808
Adobe ISBN:

10.4324/9781315640808-35

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Abstract

When the Treasury Department decided a few years ago to update one of its bills by replacing a founder’s face with that of a historically significant woman, the $10 bill was slated for change. The irony that Alexander Hamilton was deemed dispensable by the very agency he created just seemed to confirm his status as the nation’s least celebrated patriarch. Hamilton was never president, and unlike the most beloved non-president founding father, Benjamin Franklin, he did not leave behind handy inventions, scientific speculations, or quaint aphorisms; in fact, with the notable exceptions of the Coast Guard and New York Post, Hamilton’s legacy consists largely of abstract financial policies.

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