Read the financial advice America's founding fathers gave, including Benjamin Franklin, Thomas Jefferson, and Alexander Hamilton.

Hamilton built the foundations of the US financial system as the nation's first Treasury secretary

Appointed the nation's first Treasury secretary in 1789 by George Washington, Alexander Hamilton designed a powerful federal finance system—repaying war debts, creating new taxes, founding a national bank, and promoting economic development.

Alexander Hamilton played a significant role in creating the American system of government

From 1787 to 1788, Hamilton, James Madison, and John Jay anonymously published a collection of essays known as the Federalist Papers to promote the new Constitution. Of the 85 essays that proved pivotal to the eventual ratification of the document, Hamilton wrote 51.

Read the Federalist Papers—the essays that defended the proposed Constitution

Written between 1787 and 1788, the Federalist Papers—85 essays by Alexander Hamilton, James Madison, and John Jay—defended the Constitution and articulated the logic of federalism. They remain a key guide to the original interpretation of the Constitution.

Alexander Hamilton consolidated states' debts, implemented a tax system, and established a national bank

While the US was only 12 years old when Alexander Hamilton was tapped as the first secretary of the Treasury, it already owed almost $80M. With the country bringing in just $4.4M in taxes, that was not nearly enough to cover government operations and pay debts.

Hamilton created the First Bank of the United States

As Treasury secretary, Alexander Hamilton proposed the First Bank of the United States to stabilize national finances—serving as the government's fiscal agent, managing debt, and expanding credit through a public-private banking model.

The rivalry between Alexander Hamilton and Thomas Jefferson centered on federalism—the question of how much power the federal government should hold relative to the states.

Alexander Hamilton and Thomas Jefferson clashed over how power should be divided in the new republic—Hamilton favoring a strong national government with broad implied powers, and Jefferson warning that such authority would erode state power and threaten republican liberty.

Hamilton founded what many regard as the first commercial bank in the United States

In 1784, Alexander Hamilton helped found the Bank of New York, which initially operated without a charter, financed early federal operations, provided what is considered the US government's first loan, and became the first stock traded on the New York Stock Exchange.

Abigail Adams was a shrewd and largely self-taught financial investor

While John was away during the Revolution and his diplomatic career, Adams managed the family's finances and investments skillfully. When John urged her to buy farmland in 1783, she refused—investing instead in government bonds and earning up to 25% annually, compared to his farmland's 1%.

Hamilton has appeared on US paper currency since the Civil War

Since the US began printing money in 1861, Alexander Hamilton has appeared at different times on the $5, $2, $20, $50, $500, and $1000 bills. Since 1928, he has remained on the $10 bill—making him, alongside Benjamin Franklin, one of the two non-presidents currently on US currency.

How the stock market performed under every US president

It's worth noting that the stock market as we know it today didn't exist under the leadership of earlier presidents, such as George Washington and Thomas Jefferson.

One of Hamilton's first published works was an anonymous pamphlet

While on a scholarship at King's College, Alexander Hamilton anonymously published a series of political pamphlets defending the Continental Congress, engaging in a sustained, sharply argued back-and-forth with loyalist writer Samuel Seabury that drew wide attention.

Hamilton proposed one of the strongest visions of national government

At the Constitutional Convention, Alexander Hamilton advanced a plan modeled partly on Britain's system, calling for a powerful national executive and for senators to serve for life (with good behavior)—proposals that failed to gain widespread support.

Hamilton's tax on whiskey sparked the first armed rebellion against US federal authority

As Treasury secretary, Alexander Hamilton designed an excise tax on whiskey that provoked violent resistance in western Pennsylvania. The Whiskey Rebellion ended when George Washington mobilized state militias under federal authority to enforce the law.

The Wall Street Journal compiled the best parts of Warren Buffett's annual letters

Over the years, Buffett has quoted Yogi Berra and Mae West, as well as country songs and the Bible. Many turn to his letters as a source of inspiration and wisdom.

Benjamin Graham is known as the 'father of value investing'

Graham was an investor, author, and professor who was also Warren Buffett's teacher and mentor during his time at Columbia University. Graham is still considered one of the most influential people in the world of investing today.

Early Americans hated the idea of a central bank

After a series of economic panics induced by a lack of reserve cash at regional banks, the architects of today’s Federal Reserve opted to emphasize the goal of the bank as a reserve at the federal level—thus creating the lasting name.

Hamilton was one of Washington's aides during the Revolutionary War

During the Revolutionary War, Alexander Hamilton served as a key aide to George Washington, handling correspondence, strategy, and coordination, and serving as a trusted intermediary between Washington, Congress, and senior military leaders.

Read through the actual text of the US Constitution

This helpful guide from the US Congress includes annotations that provide valuable insights into the background, crafting, and legacy of each article in the document. Additionally, the resource offers accessible legal analysis and interpretations.

The history of bankruptcy in the US dates back to the signing of the Constitution

In 1787, this founding document gave Congress the right to establish nationwide bankruptcy laws. Legislators took advantage of that power in 1800 when they passed the Bankruptcy Act of 1800, the first comprehensive bankruptcy law at the federal level.

Explore the life and presidency of George Washington, whose two terms in office were defined by precedent-setting, restraint, and institution-building.

As the first president, Washington established lasting norms: enforcing civilian control of the military rather than placing it in the hands of generals, forming a Cabinet, asserting federal authority during the Whiskey Rebellion, and voluntarily stepping down after two terms.

Federalist 10 argued that a large republic best protects liberty

In Federalist 10, James Madison argued that a broad federal government could better control factions than small states (like classical city-states in ancient Greece). This foundational text in American political thought reframed the Constitution as a solution to political division rather than a threat to self-government.

Hear a leading historian discuss the life and legacy of Alexander Hamilton

Historian Joanne Freeman discusses Hamilton's reputation, personality, and political world. The discussion distinguishes between historical record and myth and reflects on how the musical reshaped public understanding of his life.

Hear about the individuals who have reshaped the Constitution throughout American history

This multi-episode podcast series from The Washington Post explores how debates, court decisions, and influential individuals have shaped the Constitution as Americans pushed the nation to live up to its founding ideals.

A letter about a hurricane helped launch Hamilton's life in America

After a hurricane severely damaged the Caribbean island of St. Croix, Alexander Hamilton wrote a vivid letter that was later published and impressed local business leaders, who took up a collection to send the teenager to North America for schooling.

Watch an interview with author AJ Jacobs, who attempted to live as closely as possible by the principles of the US Constitution for an entire year.

Critics argued Hamilton prioritized central power over popular sovereignty

This podcast examines Hamilton's belief in expansive federal power and why he was repeatedly labeled a monarchist—tracing how his calls for a strong executive, his life-tenure proposals at the Constitutional Convention, and his admiration for British stability fueled accusations that he favored centralized power over republican rule.

Hamilton's endorsement helped win Jefferson the presidency

In the 1800 presidential election, neither candidate won a majority in the Electoral College, sending the decision to the House of Representatives. After 36 failed votes, Alexander Hamilton lobbied for his ideological rival, Thomas Jefferson, over Aaron Burr, helping break the deadlock.

Watch Peter Adeney’s TED Talk

The Mr. Money Mustache blog, started in 2011 and written by Peter Adeney, gained a significant following documenting real people’s experiences trying out FIRE, and also helped popularize the concept.

Hamilton learned about global trade before he was a teenager

Before he moved to America, Hamilton worked as a clerk around age 12 at the Caribbean trading firm Beekman and Cruger, handling shipping documents, inspections, and port logistics. He eventually managed the day-to-day operations of a trading charter that immersed him early in Atlantic commerce.

Dive deep into Madison's role in promoting the Constitution through the Federalist Papers

James Madison used the Federalist Papers to shape ratification debates, explain the Constitution's design, and argue that a large republic could safeguard liberty. This podcast explores his pivotal role in the ratification of the Constitution.

George Washington used his Farewell Address to explain his departure and warn the nation

In his 1796 Farewell Address, Washington explained that stepping aside from the presidency would set a republican example of limited power. He also warned against political parties, regional divisions, and permanent foreign alliances that could threaten national unity and independence.

Washington's Farewell Address warned that political factions and foreign entanglements were the greatest threats to the American republic.

Get the inside story of the duck hunt that birthed the Federal Reserve

Pseudo-duck hunters, private train cars in Hoboken, and a thrilling work week over Thanksgiving 1910—all and more are featured in the wild story of how a group of fed-up bankers and lawmakers tried to create an enduring central bank for the US. Records of the meeting managed to remain hidden for decades.

Many consider Twain 'the father of American literature'

In "Green Hills of Africa," Ernest Hemingway declared that all modern American literature sprang from Twain's "Adventures of Huckleberry Finn." That's a sentiment shared by many scholars, who assert that Twain's book changed American fiction by challenging the country's racist history and incorporating a more realistic vernacular.

Americans are projected to inherit $105T over the next 30 years

Today, someone's financial standing has more to do with their families than any other outside factor. Of the more than $100T of projected inheritance, that money is concentrated among a few wealthy estates and families.

The powers of the judicial branch have expanded since the nation's founding

Initially, the Supreme Court was seen as the weakest branch, lacking "the power of the sword or the purse," as Alexander Hamilton noted in *Federalist No. 78*. This podcast explores the political conflicts and pivotal decisions that transformed the court into the powerful constitutional authority it is today.

Ted Benna is the father of the 401(k)

It took a benefits consultant to highlight the financial power of a subtle, obscure tax code change buried away in Section 401, subsection k of the Internal Revenue Code. Benna realized this section, designed primarily for high-earning corporate executives, could help workers save money on taxes when preparing for retirement.

Twain was a notoriously bad investor

After becoming a famous writer, Twain invested in railroad stocks, a magnetic telegraph, and a printing press that weighed four tons. Eventually, he founded his own publishing company, which ultimately led to his bankruptcy. “He is, in business,” one lawyer said, “just a big overgrown boy.”

America’s richest families

You could probably name a few of America's richest people, like Elon Musk or Mark Zuckerberg, for instance. But could you name the richest families in America, like the Waltons or the Mars family? Explore the list of 2024's richest families in America—and find out how they made their money—here.

The Compromise of 1790 broke a deadlock over debt and the national capital

In 1790, Alexander Hamilton, James Madison, and Thomas Jefferson reached an agreement that allowed Congress to assume the states' war debts and to approve a permanent national capital on the Potomac River.

Hamilton publicly admitted to an affair to rebut corruption charges

In 1797, Alexander Hamilton published the Reynolds Pamphlet, confessing to an extramarital affair and blackmail payments to disprove accusations of financial corruption—clearing his name legally but ruining his reputation.

Read the lyrics for 'The Star-Spangled Banner,' annotated by historians.

Federalist 51 argues that liberty could be protected within the national government

In Federalist 51, James Madison wrote that separating powers and pitting their ambitions against one another would restrain federal overreach from within, reducing reliance on state resistance as the sole check on national authority.

The Founders were split on term limits during the Constitutional Convention

At the Constitutional Convention, delegates debated whether to mandate term limits. In letters, Jefferson warned that indefinite service could entrench power, while Madison argued that regular elections—not forced turnover—were the best safeguard against abuse.

Hear about James Madison's presidency with The Washington Post's 'Presidential' podcast

As president, Madison governed during periods of constitutional uncertainty, foreign policy crises, and the War of 1812, making him the first American president to serve during a declared war. This podcast analyzes how his constitutional ideas translated into effective presidential leadership.

See checks signed by US presidents

One bank has made it a point to conserve checks from US presidents. Peruse this gallery of signed checks from Washington, FDR, JFK, Lincoln, and more.

Famed historian David McCullough on five things to know about the Wrights

The bestselling author of popular, beloved histories on US presidents, engineering feats and disasters published a study of the Wrights in 2015. Here. he highlights five key facts to know about the brothers, including that their efforts were bootstrapped—meaning they paid for their work themselves with no outside investors.

Existentialism inspired Franklin Roosevelt and Martin Luther King Jr.

The Danish philosopher, sometimes called “the father of existentialism,” believed that individuals needed to resist the temptation of conformity and instead discover their authentic selves. His work became remarkably influential in the 20th century. In 1944, Roosevelt said that reading Kierkegaard made him understand how the Nazis could’ve enacted so much violence. In 1959, King wrote that existentialism was “especially meaningful for our time.”

JP Morgan Jr. once angered the nation with his zero-dollar tax bill

In the aftermath of the Great Depression, Congress learned that Morgan and his banking partners had avoided paying any federal income tax in 1931 and 1932. By claiming their losses in the stock market, they seemingly erased what they owed.

The framers feared creating another monarchy through an unchecked executive

Having rebelled against British royal power, the framers deliberately limited the presidency—balancing "energy in the executive" with safeguards against tyranny. Debate at the 1787 Constitutional Convention centered on preventing any return to monarchical rule.