Examines the life of statesman Albert Gallatin and discusses his role in the formation of the United States.

Originally published: Cambridge: Cambridge University Press, 1836. In series: Archaeologia Americana; v. 2.

George Washington had Alexander Hamilton. Thomas Jefferson had Albert Gallatin. From internationally known tax expert and former Supreme Court law clerk Gregory May comes this long overdue biography of the remarkable immigrant who launched the fiscal policies that shaped the early Republic and the future of American politics. Not Alexander Hamilton---Albert Gallatin. To this day, the fight over fiscal policy lies at the center of American politics. Jefferson's champion in that fight was Albert Gallatin---a Swiss immigrant who served as Treasury Secretary for twelve years because he was the only man in Jefferson's party who understood finance well enough to reform Alexander Hamilton's system. A look at Gallatin's work---repealing internal taxes, restraining government spending, and repaying public debt---puts our current federal fiscal problems in perspective. The Jefferson Administration's enduring achievement was to contain the federal government by restraining its fiscal power. This was Gallatin's work. It set the pattern for federal finance until the Civil War, and it created a culture of fiscal responsibility that survived well into the twentieth century.

Sean Harvey explores the morally entangled territory of language and race in this intellectual history of encounters between whites and Native Americans in the eighteenth and nineteenth centuries. Misunderstandings about the differences between European and indigenous American languages strongly influenced whites’ beliefs about the descent and capabilities of Native Americans, he shows. These beliefs would play an important role in the subjugation of Native peoples as the United States pursued its “manifest destiny” of westward expansion. Over time, the attempts of whites to communicate with Indians gave rise to theories linking language and race. Scholars maintained that language was a key marker of racial ancestry, inspiring conjectures about the structure of Native American vocal organs and the grammatical organization and inheritability of their languages. A racially inflected discourse of “savage languages” entered the American mainstream and shaped attitudes toward Native Americans, fatefully so when it came to questions of Indian sovereignty and justifications of their forcible removal and confinement to reservations. By the mid-nineteenth century, scientific efforts were under way to record the sounds and translate the concepts of Native American languages and to classify them into families. New discoveries by ethnologists and philologists revealed a degree of cultural divergence among speakers of related languages that was incompatible with prevailing notions of race. It became clear that language and race were not essentially connected. Yet theories of a linguistically shaped “Indian mind” continued to inform the U.S. government’s efforts to extinguish Native languages for years to come.

In 1776 the United States government started out on a shoestring and quickly went bankrupt fighting its War of Independence against Britain. At the war’s end, the national government owed tremendous sums to foreign creditors and its own citizens. But lacking the power to tax, it had no means to repay them. The Founders and Finance is the first book to tell the story of how foreign-born financial specialists—immigrants—solved the fiscal crisis and set the United States on a path to long-term economic success. Pulitzer Prize–winning author Thomas K. McCraw analyzes the skills and worldliness of Alexander Hamilton (from the Danish Virgin Islands), Albert Gallatin (from the Republic of Geneva), and other immigrant founders who guided the nation to prosperity. Their expertise with liquid capital far exceeded that of native-born plantation owners Washington, Jefferson, and Madison, who well understood the management of land and slaves but had only a vague knowledge of financial instruments—currencies, stocks, and bonds. The very rootlessness of America’s immigrant leaders gave them a better understanding of money, credit, and banks, and the way each could be made to serve the public good. The remarkable financial innovations designed by Hamilton, Gallatin, and other immigrants enabled the United States to control its debts, to pay for the Louisiana Purchase of 1803, and—barely—to fight the War of 1812, which preserved the nation’s hard-won independence from Britain.

Abraham Alfonse Albert Gallatin, son of Jean Gallatin and Sophie Albertine Rolaz du Rosey, was born 29 January 1761 in Geneva, Switzerland. He immigrated to America in 1780. He married Sophie Allegre in 1789., He married Hannah Nicholson in 1793. He died in 1849 in Astoria, New York.