Monday, July 04, 2005

Publius' legacy

The Federalist Papers were published under the pseudonym "Publius". The main author of the Federalist Papers was Alexander Hamilton. But Hamilton's role in the formation of the U.S. republic extended beyond urging ratification of the Constitution after the 1787 Constitutional Convention. Indeed, other than George Washington himself, Hamilton was the most important person in the country from the end of the Constitutional Convention to the end of his tenure as George Washington's Treasury Secretary in 1795.

Today, Rick Brookhiser describes part of Hamilton's most enduring legacy, the Bank of the United States, and how he helped stabilize the currency and economic standing of the nascent republic.

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