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Explores the origin and evolution of American public finance and shows how the nation's rise to great-power status in the nineteenth century rested on its ability to go into debt. Two and a half centuries after the American Revolution the United States stands as one of the greatest powers on earth and the undoubted leader of the western hemisphere. This stupendous evolution was far from a foregone conclusion at independence. The conquest of th...

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Taking advantage of a newly published letterpress edition of the constitutional debates. A Revolution in Favor of Government recovers a neglected strand of the Federalist argument, making a persuasive case for rethinking the formation of the federal American state.

In Perfecting the Union, Max M. Edling focuses on the reform of the American Union brought about by the framing and adoption of the Constitution and the resulting division of duties and powers between the national government and the states. He argues that the Constitution profoundly altered the structure of the American Union and made the federal government more effective than under the defunct Articles of Confederation, but does not accept th...

An earlier version of this essay was published as "A More Perfect Union: The Framing and Ratification of the Constitution, " in The Oxford Handbook of the American Revolution, eds. Edward G. Gray and Jane Kamensky (New York: Oxford University Press, 2013), 388-406. Reproduced by permission of Oxford University Press (http://global.oup.com/academic)

In this trenchant new interpretation of America's origins, Max Edling shows that the Federalists were primarily concerned with building a government that could act vigorously in defense of American interests. The Constitution transferred the powers of war-making and resource-extraction from the states to the national government, thereby creating a nation-state invested with all the important powers of Europe's eighteenth-century 'fiscal-milita...

Two and a half centuries after the American Revolution the US stands as one of the greatest powers on earth and the undoubted leader of the western hemisphere. The author maintains that the Founding Fathers clearly understood the connection between public finance and power: a well-managed public debt was a key part of every modern state.