Compare And Contrast The Views Of Hamilton Vs. Jefferson

Alexander Hamilton was one of the most influential figures to shape American finances. He made his contribution through the The Hamiltonian Economic Program. The goal of his plan is to improve the American economy through three steps. The first is to pay off the nation’s national debt in order for states to focus on business. This way maximum profit can be achieved. The second step is to place tariffs on imported goods to gain money. Lastly is to create a national bank in order to regulate money flow and currency. However, Thomas Jefferson strongly disagreed with Alexander Hamilton’s views which was evidently seen in the political parties, the Democratic Republicans and the Federalists. One of the main differences between the two is regarding the type of government America would have. Hamilton favored a strong federal government while Jefferson favored a small local government.

8). The second reason he interpreted the constitution this way was because if the Constitution were to be interpreted loosely, it would pose a threat towards Slavery. Jefferson had supported slavery, and did not want the government to be able to gain more power through the clause, and in the long run, eventually ending slavery in America. The final reason Jefferson opposed Hamilton's interpretation was because Hamilton was using his loose interpretation to his advantage, creating a bank to further push his financial plan into motion, which was the exact opposite of what Jefferson wanted as it went against all of his beliefs. Jefferson was trying to stop Hamilton's plan, and one way was to stop the abuse of the “Necessary and Proper” clause.

One of Jefferson’s and Hamilton’s first disagreements began with the idea of a National Bank. Hamilton suggested that the government should create the Bank of the United States Jefferson protested because this was not allowed by the Constitution. Hamilton opposed the view of Jefferson and stated that the Constitution’s writers could not have predicted the need of a bank for the United States. Hamilton said that the right to create the Bank of the United States was stated in the “elastic” or the “necessary and proper” clause in which the Constitution gave the government the power to pass laws that were necessary for the welfare of the nation. “This dilemma revisits the ever lasting dispute between the “strict constructionists” (Jefferson) who believed in the strict interpretation of the Constitution by not going an inch beyond its clearly expressed provisions, and the “loose constructionists” (Hamilton) who wished to reason out all sorts of implications from what it said”. Just a few years later, under President Jefferson, the federal government of the United States

Hamilton was appointed by President George Washington as the first Secretary of the Treasury Department. Hamilton was a Federalist and wanted a strong central government which means it should have more power than the states. Hamilton believed in a loose interpretation of the constitution which means the document allowed everything if it did not forbid. During the French Revolution, Hamilton supported and was an ally of Britain. Hamilton wanted elite rule America. The Federalist Party would be one of the “rich, the able, and the well-born” (Foner, Give Me Liberty, I, 295) as Hamilton stated. Hamilton favored a close relationship with Britain and he wanted America’s economy like Britain where trade and manufacturing were priorities. Hamilton desired to develop the economy and financial stability of the United States, so he established an economic five-program in 1790 and 1791. The first part was to establish the new nation’s credit worthiness which means people

Whose side would you have been on in the 1790s, Thomas Jefferson’s or Alexander Hamilton’s? Both of these men served under George Washington in the first presidential cabinet, yet they had very different views of what government should be (Davis 86). My objective in this research essay is to inform the reader of why there was so much controversy between these two founding fathers, and to determine which side had the better views for our newly forming country.

After the Constitution was ratified people had their own opinion about it. The Federalists who were James Madison, Alexander Hamilton, and John Jay just to name a few has a loose interpretation of the Constitution. On the other hand, the Republicans which was lead by Thomas Jefferson had a very strict interpretation of the Constitution. Both parties had a different view which will cause controversy later on.

At this time the government was funding its debt through private banks such as the Bank of North America and the Bank of New York. Not satisfied with the structure of American banking, Hamilton reported to Congress the need to establish a National Bank in December of 1790. The Senate created a committee to study Hamilton’s proposal. On the committee were men who shared Hamilton’s ideas in fiscal matters, and that of a strong federal government. One of the members, General Schuyler, was Hamilton’s father in law. It was of no surprise that a bill arose out of the committee supporting Hamilton’s plan to incorporate a Bank of the United States.

The main reason that rise to conflict between Alexander Hamilton and Thomas Jefferson is their contradict ideas about the government. As a federalist supporter, Hamilton find favor in a strong central government, meanwhile, Jefferson believe in a limited government. Because his fear of mod rules, HaMilton distrusted that a government should be ruled by everyone. He acknowledge that a strong central government

Alexander Hamilton’s vision came closer to becoming a reality in the 1820’s. By the 1820’s, the Embargo Act, War of 1812 and the Panic of 1819 played a very important role in the reshaping of our countries economic development and scope and power of the American government. The conflict between Thomas Jefferson and Alexander Hamilton visions was necessary and made a huge impact on the American development. The main topics of conflict between Thomas Jefferson was the type economy, how much of a role the government played in the lives of the people and how they felt about slavery and the growing black population in America.

Alexander Hamilton was a founding father, a delegate to the Constitutional Convention, major author of the Federalist papers, and was the United States' first secretary of the treasury. As secretary of the treasury he wrote the report on manufacturing which had many purposes. The main purposes of the report were to update congress on the state of the national economy, how to improve the economy, and how to move away from agricultural and diversify the economy. The Report was also used to identify the labor force the U.S. had and how the U.S. was going to tax now that they had the power to collect revenue.

Conflicting views and contrasting ideologies have always existed throughout the history of United States politics. Alexander Hamilton, who led Federalist Party, believed that a powerful central government was necessary while Thomas Jefferson, who led the Jeffersonian Republican Party, favored an agrarian nation with most of the power left to the states. Although Alexander Hamilton and Thomas Jefferson were similar in that they both harbored good intentions and tried to keep the best interests in mind for the future of the United States, their policies were drastically different. Without doubt, both of their contrasting ideas served a vital role in forming the government.

Thomas Jefferson believed in the ?strict interpretation'; of the constitution, especially the Tenth Amendment. The Tenth Amendment states,'; the powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people.'; Jefferson argued that since the Constitution did not specifically empower the federal government to establish a national bank, thus it could not do so. Hamilton argued for a loose interpretation. He relied on the implied powers clause which states that Congress can make all laws ?necessary and proper'; for the execution of its power.

Although both men were important in the Revolution and in the establishment of the United States, they did not coordinate until Washington chose Hamilton to be the Secretary of the Treasury and Jefferson to be the Secretary of State. From the beginning, the two men harbored

Alexander Hamilton and Thomas Jefferson were key Founding Fathers of America who contributed to its freedom and independence. Both men were influential leaders of their time whose visions for the future of the country were clearly contrasting. Hamilton believed for a strong federal government and an economy based on banking. While Jefferson desired for a nation to be controlled by the states and its people. Their competing visions for the United States are still in debate until this day. Although Jefferson’s ideas were significant to America, many of Hamilton’s philosophy still holds in today’s government.

Alexander Hamilton, though, worked for a more complex economic system. He planned out a national debt, public credit, a national bank and a plan to pay off the debts the nation had accrued. He advocated to accept the old debts of the Articles of Confederation, war debts, and state debts under his economic policy because it gives the government some legitimacy, and it allows for the government to obtain credit from other countries easily.