AtomicQuote

Gordon S. Wood Quote

Hamilton used the sinking fund to maintain the confidence of creditors in the government’s securities; he had no intention of paying off the outstanding principal of the debt. Retiring the debt would only destroy its usefulness as money and as a means of attaching investors to the federal government.

Gordon S. Wood

Hamilton used the sinking fund to maintain the confidence of creditors in the government’s securities; he had no intention of paying off the outstanding principal of the debt. Retiring the debt would only destroy its usefulness as money and as a means of attaching investors to the federal government.

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About Gordon S. Wood

Gordon Stewart Wood (born November 27, 1933) is an American historian and professor at Brown University. He is a recipient of the 1993 Pulitzer Prize for History for The Radicalism of the American Revolution (1992). His book The Creation of the American Republic, 1776–1787 (1969) won the 1970 Bancroft Prize. In 2010, he was awarded the National Humanities Medal by President Barack Obama.