July 3, 2022
Alexander Hamilton, one of the most outstanding of our Founding Fathers, designed the scientific economic principles that built the United States into an industrialized power. He succeeded, with the support of President George Washington, in creating a manufacturing sector for the agrarian based 13 colonies. Hamilton was opposed by Thomas Jefferson, who led a campaign to prevent the industrial development of the young republic. We must succeed today against those who are intent in keeping African nations underdeveloped, economically held back by inefficient agricultural sectors.
My colleague, Nancy Spannaus, creator of the website: americansystemnow.com, discusses the contributions of Alexander Hamilton in her article below. Hamilton’s economic principles should be studied and applied by African nations today to ensure a prosperous future for their expanding population.
Without the industrialization of African nations with robust manufacturing and agricultural sectors, poverty, hunger, and insecurity, will not be eliminated.
Read my earlier posts:
A Hamiltonian Development Policy for Africa Is A Necessity
Alexander Hamilton’s Credit System Is Necessary for Africa’s Development
Nations Must Study Alexander Hamilton’s Principles of Political Economy
Lawrence Freeman is a Political-Economic Analyst for Africa, who has been involved in economic development policies for Africa for over 30 years. He is a teacher, writer, public speaker, and consultant on Africa. He is also the creator of the blog: lawrencefreemanafricaandtheworld.com. Mr. Freeman’s stated personal mission is; to eliminate poverty and hunger in Africa by applying the scientific economic principles of Alexander Hamilton.