Minneapolis Fed jumps into the 'Hamilton' frenzy with exhibit, contest for students

A contest for high school and college students has as prizes an internship at the bank and two tickets to the show.

August 22, 2018 at 1:38AM
The Minneapolis Fed created a webpage devoted to Alexander Hamilton's role in the creation of the nation's financial system and forerunner to the Federal Reserve. It will open an exhibit on Aug. 29 about Hamilton and run a contest for students, with the winner getting tickets to "Hamilton" at the Orpheum Theatre in Minneapolis. (Evan Ramstad/The Minnesota Star Tribune)

The Federal Reserve Bank of Minneapolis is just a few blocks down Hennepin Avenue from the theater where "Hamilton: The Musical" opens next week — and it's seizing the moment to celebrate the founder of the nation's bank.

The Minneapolis Fed on Tuesday announced a free special exhibit on Alexander Hamilton, along with a contest for high school and college students with the prize of an internship at the bank and two tickets to the show.

"The Minneapolis Fed is a direct product of Hamilton's vision, and while it isn't showbiz, the work we do here is in service to our community," Neel Kashkari, Minneapolis Fed president, said in a statement.

The bank's exhibit on Hamilton will open Aug. 29 — the date of the musical's debut at the Orpheum Theatre — in the lobby of its building at 90 Hennepin Av. It created a section on its website, minneapolisfed.org/hamilton, with more information.

In the contest, students are being asked to share "bold ideas to improve lives and the economy in their own communities" via social media platforms using the hashtag #Hamilton4All. The contest will close on Sept. 25. Along with the internship, the winner will get two tickets to the Oct. 4 performance of "Hamilton."

At the start of the constitutional government in 1789, President George Washington appointed Hamilton, then 30 years old, to be Secretary of the Treasury.

In 1791, Hamilton formed the First Bank of the United States, the first national bank, to help stabilize the nation's financial system, which at the time relied on local and state-chartered banks and currencies issued by them. The bank created a federal fiat currency, absorbed the war debts of several states and formed credit for the U.S. government with other nations.

That legacy is lightly explored in the musical but is perhaps the most influential on Americans today. The nation wrestled with the role of a national bank and state banks for more than a century, until the Federal Reserve System, including the Minneapolis Fed, was formed in 1913.

This CD cover image released by Atlantic Records shows the Broadway cast album for "Hamilton: An American Musical." Atlantic Records said last week that ìHamiltonî has so far sold over 54,000 albums, had more than 16 million songs streamed and become the highest debuting cast recording on the Billboard Top 200 in over 50 years _ not typical numbers for Broadway. (Atlantic Records via AP)
This CD cover image released by Atlantic Records shows the Broadway cast album for “Hamilton: An American Musical.” Atlantic Records said last week that ìHamiltonî has so far sold over 54,000 albums, had more than 16 million songs streamed and become the highest debuting cast recording on the Billboard Top 200 in over 50 years _ not typical numbers for Broadway. (Atlantic Records via AP) (The Minnesota Star Tribune)
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about the writer

Evan Ramstad

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Evan Ramstad is a Star Tribune business columnist.

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