August 25, 2024
In the interview above, two American history historians discuss the vital contributions of Alexander Hamilton to the founding of the United States of America. The question was raised in the interview whether USA, with its profound constitution, would have even be created if not for Hamilton’s intellectual input and energy. They highlighted Hamilton’s insistence that the young republic adopt a government supported policy of developing a manufacturing sector. Hamilton’s Report on the Subject of Manufacturers, written in 1791, remains a seminal argument for every nation to promote manufacturing. Hamilton, with support from President George Washington, prevailed over those who maintained the USA would be an agricultural based economy. Hamilton also insisted that the new republic have a strong central government against those who campaigned for the supremacy of states rights . Hamiltonian successfully reorganized the debt of the thirteen colonies and expanded the economy with new investments in infrastructure, through his creation of the First National Bank.
Hamilton’s economic philosophy created a school of economic thought, the American System of Political Economy, (opposed to so called free-trade), which when applied created economic growth in the U.S and other nations through the world. I have advocated decades that Hamilton’s economic principles transform African nations into industrialized economies.
Read below my earlier posts on this subject.
A Hamiltonian Development Policy for Africa Is A Necessity
Nations Must Study Alexander Hamilton’s Principles of Political Economy
Alexander Hamilton’s Credit System Is Necessary for Africa’s Development
Lawrence Freeman is a Political-Economic Analyst for Africa, who has been involved in economic development policies for Africa for 35 years. He is a teacher, writer, public speaker, and consultant on Africa. Mr. Freeman strongly believes that economic development is an essential human right. He is the creator of the blog: lawrencefreemanafricaandtheworld.com, and also publishing on: lawrencefreeman.substack.com, “Freeman’s Africa and the World.”