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.
Hamilton is the story of the unlikely Founding Father determined to make his mark on the new nation as hungry and ambitious as he is. From bastard orphan to Washington's right-hand man, rebel to war hero, a loving husband caught in the country's first sex scandal, to the Treasury head who made an untrusting world believe in the American economy.