Alexander Hamilton, Central Banker: Crisis Management during the U.S. Financial Panic of 1792

@article{Sylla2009AlexanderHC,
  title={Alexander Hamilton, Central Banker: Crisis Management during the U.S. Financial Panic of 1792},
  author={R. Sylla and R. Wright and David J. Cowen},
  journal={Business History Review},
  year={2009},
  volume={83},
  pages={61 - 86}
}
Most scholars know little about the panic of 1792, America's first financial market crash, during which securities prices dropped nearly 25 percent in two weeks. Treasury Secretary Alexander Hamilton adroitly intervened to stem the crisis, minimizing its effect on the nascent nation's fragile economic and political systems. U.S. policymakers soon forgot the crisis-management techniques Hamilton invented but failed to codify. Many of them were later rediscovered and became theoretical and… Expand
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