Masters in Business · Friday, October 23, 2026
Robin Wigglesworth examines Alexander Hamilton's financial reports to Congress following the American Revolution. Hamilton restructured defaulted state debts into new federal treasuries, establishing a credible credit foundation for the United States.
“He proposed to take all the state debts that were bank defaulted on all the external debts, but everything else, domestic bondholders, there'd be restructured, but they're to get some paper, they get some money back...”