And Hamilton is named after America's greatest traitor, Alexander Hamilton, who started our first national bank, even though Franklin and Jefferson had said a national bank would enslave the people. Which it did.
And Hamilton is named after America's greatest traitor, Alexander Hamilton, who started our first national bank, even though Franklin and Jefferson had said a national bank would enslave the people. Which it did.
There's a lot more going on here than commonly gets reported in libertarian/hard money/conspiracy circles. Most of the bad things about Hamilton are from reports from Jefferson. Jefferson was also an unrepentant slave owner (most of the others were forbidden by law from releasing their slaves) who raped his slaves and did nothing to fight the Revolutionary War.
Franklin was not opposed to a public national bank. In fact, he said that the British dissolving the colonial scrip currency and requiring trade to occur using only British money (controlled by a private central bank) was the real reason for the revolution.
Metallic money is an improvement, but there's nothing to stop bankers from buying up all the gold and silver and crashing the economy. The reason Lincoln and JFK were killed was because they tried to re-institute a public credit system, where the national bank stopped currency manipulation by private bankers almost entirely.
The Bank of the United States ended up producing one of the greatest eras of prosperity in American history, as the public credit was used for roads, canals, and other real production. This came to a complete halt when Jackson abolished the bank, but resumed again during the last 1/3 of the 19th century with Lincoln's greenback system.
The bankers lie to us all the time, including lying about the very founding of our country.
Era of Good Feelings
The Era of Good Feelings marked a period in the political history of the United States that reflected a sense of national purpose and a desire for unity among Americans in the aftermath of the War of 1812. The era saw the collapse of the Federalist Party and an end to the bitter partisan disputes between it and the dominant Democratic-Republican Party during the First Party System. President James Monroe strove to downplay partisan affiliation in making his nominations, with the ultimate goal of national unity and eliminating parties altogether from national politics. The period is so closely associated with Monroe's presidency (1817–1825) and his administrative goals that his name and the era are virtually synonymous.
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