Jack Lew nears decision to keep Hamilton on front of $10 bill, put a woman on the $20

[happyslug]

68. I never did with Hamiton, but Hamilton was never one for the 99%.

Now, in Colonial America, you will did not have the 1% as we understand that term today, but either John Hancock or George Washington was the richest man in America at that time period (With most people saying John Hancock held that title prior to the revolution, and Washington taking that title post Revolution).

At that time period you had your rich elites (Which Hamilton was a member of, even through his family itself was quite poor, his family had connections, thus Hamilton rapid rise in society) but most people were yeoman farmers (With a sizable population of landless poor, which appears to have been something new in the 1770s, British writers make the comment that prior to the French and Indian war they were NOT enough poor people in America to recruit troops out of, but the US did raise such troops in the Revolution out of the landless peasants such troops came from in the 1700s (the Militia was something different, made up of yeoman farmers, but the militiamen were also NOT full time soldiers, like the Troops Washington wanted and finally had after Valley Forge).

Both Jefferson and Hamilton opposed industrialization. Jefferson for it required a set of people to poor to own land and be farmers and Hamilton on the ground industry took investment away from the banks and into industry (in fact studies have shown the Banks have NEVER invested in anything new, such investments have always been private funds outside of the Banks, that was true of the advancement of Railroads in the 1800s, steel in the late 1800s and Computer high Tech of today. Thus Hamilton was interested in land speculation (as was George Washington and even Jefferson) but not industrialization. Industrialization had to fight the shipping interest of New England for investments and workers. Industrialization occurred along the Connecticut river (which flows through western Massachusetts to Connecticut), while shipping remain the main investment in Boston and Hamilton's New York City. Shipping and land speculation was what Hamilton supported (and some of Hamilton closest advisers ended up opposing the Erie Canal, which supports the idea so would have Hamilton but Hamilton died in 1804 while before the Canal was even proposed).