Report on Manufacturers

Celebrate July 4th Time to Adopt Hamilton’s Industrialization Polices for Africa

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The Hamilton statue at Paterson National Park, home of his Society for Useful Manufactures

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: Hamilton-fathered-our-economic-independence

Hamilton Fathered Our Economic Independence

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.

A Hamiltonian Development Policy for Africa Is A Necessity

Lawrence , , , , , , , , , , , , , , , , , , , , , ,

In 1791, America’s first Secretary of the Treasury, Alexander Hamilton, put forth his grand plan for industrializing the United States. In his “Report on the Subject of Manufacturers,” Hamilton rejected the then common assumption that America could prosper with an agricultural base, instead arguing that the new Republic should concentrate on developing industry. (courtesy of enterpriseai.news)

January 18, 2021

In memory of Dr. Martin Luther King (1929 to1968), a champion for the poor. 

On Sunday, January 10, 2021, the Rising Tides Foundation (risingtidefoundation.net) hosted a class by me entitled: A Hamiltonian Solution for Africa. The first video below is my two hour presentation. The second video is an hour of questions and answers. For those of you who have the time and the desire to learn, I believe you will find these videos beneficial.

Alexander Hamilton, the first U.S. Treasury Secretary under President George Washington, prepared four economic reports establishing the American System of Political Economy in opposition to the Adam Smith-British free trade system. Hamilton understood that the U.S. would not become a sovereign economically independent nation without a robust manufacturing sector. This is true of African nations today, which have the lowest dollar amount of manufacture added value in the world. African nations are subjected to unfavorable terms of trade and weak currencies, because they are compelled to export their natural resources and import capital goods. Hamilton would not allow this to happen to the young U.S. following its independence from Great Britain.

My personal mission is to eliminate poverty and hunger in Africa by educating my African friends on the scientific economic principles of Alexander Hamilton.

 “The intrinsic wealth of a nation is to be measured, not by the abundance of the precious metals, contained in it, but by the quantity of the production of its labor and industry.” Alexander Hamilton, Report on a National Bank, (December 13, 1790)

 

 

 

 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 the creator of the blog: lawrencefreemanafricaandtheworld.com