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The Men Who Bankrolled America
Robert Morris and George F. Baker built the financial architecture of a nation. History has largely ignored their deeds. (Illustration by The Free Press)
As America turns 250, two founding funders deserve a place alongside the statesmen and generals.
By James Grant
04.15.26
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America’s semiquincentennial would be a sad and grudging affair without a nod to the nation’s founding capitalists. Robert Morris, the “Financier of the Revolution,” donated his own fortune to supply the raggedy and underpaid armies of George Washington. George F. Baker sold the bonds that raised the money that equipped the Union side in the Civil War. …

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James Grant
James Grant is the founder and editor of Grant’s Interest Rate Observer. His most recent book is Friends Until the End: Edmund Burke and Charles Fox in the Age of Revolution (W.W. Norton).
Tags:
Finance
Money
History
Taxes
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