The Power of the Purse

A History of American Public Finance, 1776-1790

Nonfiction, History, Americas, United States, Revolutionary Period (1775-1800)
Cover of the book The Power of the Purse by E. James Ferguson, Omohundro Institute and University of North Carolina Press
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Author: E. James Ferguson ISBN: 9780807839751
Publisher: Omohundro Institute and University of North Carolina Press Publication: January 1, 2014
Imprint: Omohundro Institute and University of North Carolina Press Language: English
Author: E. James Ferguson
ISBN: 9780807839751
Publisher: Omohundro Institute and University of North Carolina Press
Publication: January 1, 2014
Imprint: Omohundro Institute and University of North Carolina Press
Language: English

In The Power of the Purse, E. James Ferguson examines the intricate financial history of the American Revolution and the Confederation and connects it to political and constitutional developments in the period. Whether states or Congress should pay the debts of the Revolution and collect the taxes was a pivotal question whose solution would largely determine the country's progress toward national union. Ultimately, says Ferguson, the Revolutionary debt fulfilled an important purpose as a "bond of union." Ferguson's masterful analysis, originally published in 1961, has become a classic among the literature on the American Revolution.

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In The Power of the Purse, E. James Ferguson examines the intricate financial history of the American Revolution and the Confederation and connects it to political and constitutional developments in the period. Whether states or Congress should pay the debts of the Revolution and collect the taxes was a pivotal question whose solution would largely determine the country's progress toward national union. Ultimately, says Ferguson, the Revolutionary debt fulfilled an important purpose as a "bond of union." Ferguson's masterful analysis, originally published in 1961, has become a classic among the literature on the American Revolution.

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