Principle and Interest: Thomas Jefferson and the Problem of Debt

Principle and Interest: Thomas Jefferson and the Problem of Debt

by Herbert E. Sloan
     
 

ISBN-10: 0813920930

ISBN-13: 9780813920931

Pub. Date: 11/29/2001

Publisher: University of Virginia Press

In this acclaimed work, available here for the first time in paperback, Herbert E. Sloan examines Thomas Jefferson's complex and obsessive relationship to debt—its roles in his life and political career, and in the formation of republican ideology. As party leader in the 1790s, and later as President of the United States, Jefferson led a crusade against public

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Overview

In this acclaimed work, available here for the first time in paperback, Herbert E. Sloan examines Thomas Jefferson's complex and obsessive relationship to debt—its roles in his life and political career, and in the formation of republican ideology. As party leader in the 1790s, and later as President of the United States, Jefferson led a crusade against public debt, which he felt robbed the people of a future rightly theirs. Yet as a private person, he was plagued by debt, never free of it throughout his life. In this respect, Sloan argues, Jefferson was representative of his social class—most of the Virginia gentry had similar problems with debt, and similar feelings about it.

Taking as the central exposition of Jefferson's political vision his famous letter to James Madison on the rights of the living generation, Sloan explores in detail the events of 1789–90, when Jefferson acceded to Hamilton's plans for the national debt. The consequences of this decision would haunt Jefferson until the day he died.

Eloquently written and exhaustively researched, Principle and Interest provides a unique perspective on a range of topics—revolutionary ideology, political economy, the mechanics of party organization—central to an understanding of the period.

University of Virginia Press

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Product Details

ISBN-13:
9780813920931
Publisher:
University of Virginia Press
Publication date:
11/29/2001
Series:
Jeffersonian America Series
Edition description:
New Edition
Pages:
392
Sales rank:
1,206,379
Product dimensions:
6.00(w) x 9.25(h) x 1.00(d)
Age Range:
18 Years

Table of Contents

Introduction3
1The Thralldom of Debt13
2The Rights of the Living50
3Wars, Debts, and Taxes86
4Errors of Political Life125
5Pay as You Go165
6An Engine so Corruptive202
Appendix A: Paine and Condorcet239
Appendix B: Selected Virginia Libraries244
Notes247
Index371

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