Alexander Hamilton Quotes
There is at this present juncture, a certain fermentation of mind, a certain activity of speculation and enterprise which if properly directed may be made subservient to useful purposes; but which if left entirely to itself, may be attended with pernicious effects.
Hamilton, Alexander. "Prospectus of the Society for Establishing Useful Manufactures, August 1791." The Papers of Alexander Hamilton, edited by Harold C. Syrett, vol. 9, Columbia University Press, 1965, p. 144.
Boot argues that there are conditions which tend to foster technological development. Nations which are political unstable, or theocracies, rural, or suffering from food shortages have rarely developed much technology.
Alexander Hamilton was an American statesman, politician, legal scholar, military commander, lawyer, banker, and economist. He was one of the Founding Fathers of the United States. He was an influential interpreter and promoter of the U.S. Constitution, as well as the founder of the nation's financial system, the Federalist Party, the United States Coast Guard, and the New York Post newspaper. As the first secretary of the treasury, Hamilton was the main author of the economic policies of George Washington's administration. He took the lead in the federal government's funding of the states' debts, as well as establishing the nation's first two de facto central banks, the Bank of North America and the First Bank of the United States, a system of tariffs, and friendly trade relations with Britain. His vision included a strong central government led by a vigorous executive branch, a strong commercial economy, government-controlled banks, support for manufacturing, and a strong military.
