Leonard Zax on "Hamilton in Paterson: America's First Tech Incubator"

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When: Fri, Oct 21, 2016 at 12:30pm - 1:30pm

Where: Museum of American Finance
48 Wall St.

212-908-4110
Price: Free

Everyone now knows that Ron Chernow's biography of Alexander Hamilton inspired a hit musical on Broadway, but not many know that it also inspired a new national park at the Paterson Great Falls. Hamilton chose the Great Falls — 15 miles west of Manhattan — as the place to begin implementing his ambitious manufacturing plan. He founded Paterson as the world’s first city planned from the start to stimulate manufacturing and innovation. In Paterson, people would invent and produce goods that forever changed our relationship with the world: the Colt revolver, locomotives, submarines, aircraft engines and silk. Ron Chernow called Paterson the “city of the future."

At the same time that Hamilton founded Paterson, he submitted to the Congress his Report on Manufactures, a comprehensive tariff and manufacturing strategy to make in our nation all essential goods. This talk will reveal:

—how Hamilton got the Congress to pass his tariff package, and why that fact had eluded many distinguished historians for 200 years;

—how Hamilton made immigration and economic opportunity cornerstones of his manufacturing plan; and

—how the Report on Manufactures gave a sneak preview of Paterson, and how Hamilton intended the Report and Paterson to help secure America's economic independence from foreign powers.

The talk will be followed by a Q&A.



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