Skip to content
quotesby

About this quote

What does it mean?
Hamilton links national progress to industrialization, warning otherwise economies remain primitive.
In plain terms
Industrialization is needed for a modern economy.
What can you take from it?
Invest in industry to grow.

Where it applies

  • economic planning
  • trade policy
  • national strategy

Putting it to work

  • support manufacturing
  • plan economic diversification

Questions to consider

  • How do economies grow?
  • Is industry still key today?

Another view

Other sectors like services also drive modern economies.

More from Alexander Hamilton

  1. This is the constitution... Now, mark my words. So long as we are a young and virtuous people, this instument will bind us together in mutual interests, mutual…

    Permalink to quote #61
  2. We must make the best of those ills which cannot be avoided.

    Permalink to quote #63
  3. There is a certain enthusiasm in liberty, that makes human nature rise above itself, in acts of bravery and heroism.

    Permalink to quote #60

Related quotes

  1. He had found Russia working with wooden ploughs and leaving it equipped with atomic piles.

    Joseph StalinJoseph Stalin quote #45
  2. I think every gentleman on this floor is as well satisfied as I am that Duluth is destined to become the commercial metropolis of the universe, and that this r…

    J(ames) Proctor KnottJ(ames) Proctor Knott quote #2
  3. Sugar is gone; silk has gone; iron is threatened; wool is threatened; cotton will go! How long are you going to stand it? At the present moment these industrie…

    Joseph ChamberlainJoseph Chamberlain quote #5