Founding Choices


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Papers of the National Bureau of Economic Research conference held at Dartmouth College on May 8-9, 2009.




A History of American Currency


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Poor Richard's Almanack


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We Have Not a Government


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In 1783, as the Revolutionary War came to a close, Alexander Hamilton resigned in disgust from the Continental Congress after it refused to consider a fundamental reform of the Articles of Confederation. Just four years later, that same government collapsed, and Congress grudgingly agreed to support the 1787 Philadelphia Constitutional Convention, which altered the Articles beyond recognition. What occurred during this remarkably brief interval to cause the Confederation to lose public confidence and inspire Americans to replace it with a dramatically more flexible and powerful government? We Have Not a Government is the story of this contentious moment in American history. In George William Van Cleve’s book, we encounter a sharply divided America. The Confederation faced massive war debts with virtually no authority to compel its members to pay them. It experienced punishing trade restrictions and strong resistance to American territorial expansion from powerful European governments. Bitter sectional divisions that deadlocked the Continental Congress arose from exploding western settlement. And a deep, long-lasting recession led to sharp controversies and social unrest across the country amid roiling debates over greatly increased taxes, debt relief, and paper money. Van Cleve shows how these remarkable stresses transformed the Confederation into a stalemate government and eventually led previously conflicting states, sections, and interest groups to advocate for a union powerful enough to govern a continental empire. Touching on the stories of a wide-ranging cast of characters—including John Adams, Patrick Henry, Daniel Shays, George Washington, and Thayendanegea—Van Cleve makes clear that it was the Confederation’s failures that created a political crisis and led to the 1787 Constitution. Clearly argued and superbly written, We Have Not a Government is a must-read history of this crucial period in our nation’s early life.




Colonial Origins of the American Constitution


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Presents 80 documents selected to reflect Eric Voegelin's theory that in Western civilization basic political symbolizations tend to be variants of the original symbolization of Judeo-Christian religious tradition. These documents demonstrate the continuity of symbols preceding the writing of the Constitution and all contain a number of basic symbols such as: a constitution as higher law, popular sovereignty, legislative supremacy, the deliberative process, and a virtuous people. Annotation copyrighted by Book News, Inc., Portland, OR




Money of Pre-federal America


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George Washington on Coins and Currency


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George Washington is the most popular subject on coins, medals, tokens, paper money and postage stamps in America. Attempts to eliminate one-dollar bills from circulation, replacing them with coins, have been unsuccessful. Americans' reluctance to part with their "Georges" are beyond rational considerations but tap into deep-felt emotions. To discard one-dollar bills means discarding the metaphorical Father of His Country. Alexander Hamilton, the nation's first Secretary of the Treasury, said that monetary tokens were "vehicles of useful impressions." This numismatic history of George Washington traces the persistence of his image on American currency. These images are mostly from the late 18th-century. This book also offers a close look at the pictorial tradition in which these images are rooted.




Robert Morris


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In this biography, the acclaimed author of Sons of Providence, winner of the 2007 George Wash- ington Book Prize, recovers an immensely important part of the founding drama of the country in the story of Robert Morris, the man who financed Washington’s armies and the American Revolution. Morris started life in the colonies as an apprentice in a counting house. By the time of the Revolution he was a rich man, a commercial and social leader in Philadelphia. He organized a clandestine trading network to arm the American rebels, joined the Second Continental Congress, and financed George Washington’s two crucial victories—Valley Forge and the culminating battle at Yorktown that defeated Cornwallis and ended the war. The leader of a faction that included Benjamin Franklin, Alexander Hamilton, James Madison, and Washington, Morris ran the executive branches of the revolutionary government for years. He was a man of prodigious energy and adroit management skills and was the most successful businessman on the continent. He laid the foundation for public credit and free capital markets that helped make America a global economic leader. But he incurred powerful enemies who considered his wealth and influence a danger to public "virtue" in a democratic society. After public service, he gambled on land speculations that went bad, and landed in debtors prison, where George Washington, his loyal friend, visited him. This once wealthy and powerful man ended his life in modest circumstances, but Rappleye restores his place as a patriot and an immensely important founding father.