Active Quote by Alexander Hamilton
“By multiplying the means of gratification, by promoting the introduction and circulation of the precious metals, those darling objects of human avarice and enterprise, it serves to vivify and invigorate the channels of industry, and to make them flow with greater activity and copiousness. The assiduous merchant, the laborious husbandman, the active mechanic, and the industrious manufacturer,-all orders of men, look forward with eager expectation and growing alacrity to this pleasing reward of their toils.”
About This Quote
Source Speech: Report on the National Bank, 1791
Advocates stimulating the economy by increasing the circulation of precious metals, encouraging industry and productivity.
In simple terms: Promotes metal circulation to boost industry.
Key Takeaway
Support policies that increase monetary flow.
Themes
economics
industry
policy
wealth
Mood
analytical
optimistic
historical
Type
economic
political
persuasive
When to use this quote
- banking reforms
- business incentives
- trade negotiations
- investment strategies
Key Concepts
monetary policy
industrial growth
capital circulation
Questions to Reflect On
- How does metal circulation affect modern economies?
- What alternatives exist for stimulating industry?
A Different Perspective
Risk of inflation if not managed.
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![“It is one thing to be subordinate to the laws, and another [for the Executive] to be dependent on the legislative body. The first comports with, the last violates, the fundamental principles of good government; and, whatever may be the forms of the Constitution, unites all power in the same hands.” quote by Alexander Hamilton](https://sms4smile.com/quotes/img-quotes/be4/alexander-hamilton-619_body_it-is-one-thing-to-be-subordinate-to-the_129196.jpg)
