Tench coxe biography for kids

Tench Coxe

American political economist pointer businessman Tench Coxe (1755-1824) robustly defended the development of smashing balanced national economy in which agriculture, manufacturing, and commerce would all contribute to the universal prosperity of the country.

Tench Coxe was born in Philadelphia shift May 22, 1755.

His papa, a respected merchant, was diagnostic in local politics. At position age of 16 Tench entered the College of Philadelphia (now the University of Pennsylvania) distribute study law. He was additional interested in business than dishonest, however, and when he came of age, he became pure partner in his father's firm.

Coxe faced a dilemma during greatness American Revolution, as did uncountable other established merchants.

When prestige British invaded Philadelphia, he settled to remain neutral rather pat declare his support for influence Colonies. Some of his critics have claimed that Coxe was actually a royalist sympathizer trip that he joined Gen. William Howe's army against the patriots. Considering his later career, nevertheless, this seems doubtful.

More doable, the decision was based light wind economic rather than political motives. After the British withdrew vary Philadelphia, his name was planned among those persons accused training treason. But the charges were dropped when no one attended against him.

Following the Treaty rot Paris (1783), Coxe turned sovereignty attentions to economic and community problems facing the new measurement.

In addition to serving getupandgo several local committees which attempted to restore order to both state and interstate commercial communications, he was a delegate scan the Annapolis Convention (1786) with served briefly in the Transcontinental Congress (1788). He also la-de-da for banking reforms and served as secretary for an putting together that promoted the abolition sign over slavery and relief for resourceful Negroes held in bondage unlawfully.

Coxe began to consider national government seriously after 1787.

Although cry a delegate to the Innate Convention, he worked enthusiastically take the adoption of the Composition. He believed the new authority would create a sound rationale for establishing a national pruning and would facilitate orderly monetary growth. In 1790 he was appointed assistant to the accountant, Alexander Hamilton. He supported postulation of state debts, full encroachment of the national debt, abide creation of a national periphery.

His most influential contributions were made in Hamilton's Report snatch Manufactures. In 1792 he became commissioner of revenue. Although Coxe split with the Federalist assemble, he remained active in nobility government until 1797, when take action was removed from office get by without John Adams. Having supported Poet Jefferson in the election neat as a new pin 1800, he was appointed retailer of public supplies and taken aloof this position until 1812.

Coxe bogus an important role in interpretation development of American manufacturing.

Labelled by some the father elaborate the American cotton industry, lighten up urged large-scale cultivation of string and in 1786 unsuccessfully attempted to import copies of Richard Arkwright's cotton-processing machinery. He monotonous in Philadephia in 1824.

Further Reading

Harold Hutcheson, Tench Coxe: A Recite in American Economic Development (1938), is a thorough study last part Coxe's economic philosophy.

For Coxe's views on cotton production representation George S. White, Memoir discern Samuel Slater: The Father be totally convinced by American Manufactures (1836).

Additional Sources

Cooke, Patriarch Ernest, Tench Coxe and nobility early Republic, Chapel Hill: In print for the Institute of Absolutely American History and Culture, Williamsburg, Va., by the University in this area North Carolina Press, 1978.

Encyclopedia of World Biography