Report on the Subject of ManufacturesOn December 5th, 1791, Alexander Hamilton, then the first U.S. Secretary of the Treasury, delivered to the House of Representatives a speech on the state of the economy of the young nation, and the best ways to promote it. This sixth edition, published in 1827, features two prefaces that place in context this groundbreaking treatise. Quite literally a foundational document of the United States, Hamilton's philosophy heartily endorses industrial subsidies and trade tariffs and embraces immigration and new technology. It established the underpinnings of the American economy for a century, and more. A towering figure of 18th-century history, American Founding Father ALEXANDER HAMILTON (1755-1804) was one of the new nation's first constitutional lawyers. As one of the authors of the Federalist Papers, which interprets the intent of the United States Constitution, his legal writings continue to be consulted and even revered today. |
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additional advantages afford agriculture ALEXANDER HAMILTON'S already amount appear applied artificer attention augmentation better bounty branch capital carried cause cent certain charges circumstances citizens classes commodities competition consequence considerable considered constitute cotton course cultivation debt demand desirable direct domestic duty effect employed employment encouragement enterprise equal established Europe exist expediency exportation extensive fabrics farmer favour foreign funds furnish give given greater hands important improvements increase industry instances interest kind labour land less manufac manufactures material means measures ment nature objects observed operation ordinary particular persons portion present principal probable production profit progress promote proper proportion prosecution quantity question raw material reason regard render REPORT resource respect seems serve similar soil species spirit success sufficient supply surplus thing tion trade tures United various whole
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Página 1 - It is an artificial force brought in aid of the natural force of man ; and, to all the purposes of labor, is an increase of hands, an accession of strength, unencumbered too by the expense of maintaining the laborer.