Whereas economic development is a policy intervention endeavor with aims of economic and social well-being of people, economic growth is a phenomenon of market productivity and rise in GDP.Consequently, as economist Amartya Sen points out, economic growth is one aspect of the process of economic development. Economic development' is a term that economists, politicians, and others have used frequently in the 20th century. The concept, however, has been in existence in the West for centuries.
Alexander Hamilton was one of the most prominent founding fathers in American history. He was the Secratary of Treasury under George Washington, and he had a lot of influence on the economic policies and decisions that were made. He was a Federalist, so he supported a government that was more involved.
Alexander Hamilton. Aaron Burr challenged Alexander Hamilton to a duel. On the morning of July 11, 1804, Burr raised his gun, carefully aimed and shot Alexander Hamilton dead; thus ending the life of one of America's founding fathers.lexander Hamilton. Aaron Burr challenged Alexander Hamilton to a duel. On the morning of July 11, 1804, Burr raised his gun, carefully aimed and shot Alexander Hamilton dead; thus ending the life of one of America's founding fathers.