Economic development can be defined as a sustained community effort to improve both the local economy and the quality of life by building the area's capacity to adapt to economic change (Loveridge and Morse). This definition suggests a distinction between economic growth and economic development.conomic development can be defined as a sustained community effort to improve both the local economy and the quality of life by building the area's capacity to adapt to economic change (Loveridge and Morse). This definition suggests a distinction between economic growth and economic development.
Hamilton was born out of wedlock in Charlestown, to a married mother of British and French Huguenot ancestry and a Scottish father. His father, James A. Hamilton, was the fourth son of laird Alexander Hamilton of Grange, Ayrshire. Orphaned as a child by his mother's death and his father's abandonment, Hamilton was taken in by an older cousin and later by a prosperous merchant family.
Alexander Hamilton's support of Thomas Jefferson over Aaron Burr in the 1800 U.S. presidental election eventually led to his own demise. Find out more about the first Secretary of the Treasury in this video. Alexander Hamilton was one of America's most influential and controversial founding fathers. From his humble origins as an illegitimate child in the British West Indies to his famously untimely death, here are a few facts about the legendary politician that might surprise you.