Nishant Malhotra Founder of Middle Road OPC Pvt Ltd & The middle Road platform on the evolving Sustainable Finance sector

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United States Of America: 4 of July, The Federalist Papers & Born In USA

US celebrates 241 years of Independence Day. 4 of July or July Fourth as popularly known in US , marks the Declaration of Independence on July 4, 1776. To commemorate this day, recommend reading The Federalist Papers.  The Federalist Papers are set of eighty five papers written under alias Publius (Hamilton, Madison and Jay). They are one of the best commentaries on political theory and thoughts behind the US constitution. I am still reading them and suggest that its good to read them slowly taking few papers per week. The papers are deeply insightful and visionary in perspective. Hamiliton, Madison and Jay are three of the seven founding fathers of US. George Washington (First US President) , Benjamin Franklin, John Adams, Thomas Jefferson, Alexander Hamilton, John Jay and James Madison.

Alexander Hamilton, who wrote most of federalist papers, was first Treasury Secretary of US and came from humble background. Self made and educated, he is chiefly responsible for propagation of financial markets in US. He was born in West Indies, educated as a lawyer at Columbia University, proposed a National bank and favored a strong central government.  He favored a well-developed commercial and military to protect US from maritime aggression. Benjamin Franklin, an autodidact was an inventor and a profound intellectual and played  a pivotal role in defining US foreign policy with France. James Madison one of the major pillars of US constitution, served for 2 terms as US President after Presidency of Thomas Jefferson. John Jay, served as first chief justice of US Supreme Court  ( 1789-1795) and would later become governor of New York . He also served as an ambassador to Spain although his greatest deed was promoting abolition of slavery. He served as first President of New York Society for Promoting the Manumission of Slaves. 

The constitution only allowed 2 consecutive terms to serve as President of United States of America. George Washington led from the front and did not serve more than 2 terms. Nowhere in modern history, there is an example matching this act. George Washington could easily have served till his death, no one would have dared to question his authority.  Yet he choose to retire after 2 terms as well as all the preceding founding fathers you served as President. This my friends, is one of the monumental eternal legacies of the founders.

“Power tends to corrupt and absolute power corrupts absolutely” Lord Acton

It is very sad that there are hardly any great movies on life of founding fathers…Time to re look at US history and to go back to roots. Hollywood are you listening ? Lin Miranda thanks for Broadway musical Hamilton…Its on my bucket list and shall watch the show as soon as I get a job…

Lets listen to one of my favorite artist and a great American…Bruce Springsteen…


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