if the constitution does not specifically say they can not do something they can do it
but the government has to follow the exact words of the constitution
Jefferson
I favor farming
Hamilton
I think that we should have a strong federal government
They have a disagreement on loose v.s strict construction
National bank
The national bank was the idea that business and the government could keep their money there for safe deposit
The south still thinks its unfair that states should pay there own war debt
Jefferson favored farming
state debt
yeah they don't think there was much of a war debt
I want to pay the foreign debt first, we should use all the money from bonds
Hamilton had a strong central government (manufacturing, business)
Hamilton V.S Jefferson
no we can't do this, it cheats the bondholders who sold them at low prices
It was good to have a national bank because then they can safely place and deposit their money somewhere
The south didn't want to pay the states war debt because they thought that the states didn't have a big war debt
Hamilton wants to pay the foreign debt as soon as possible but Jefferson thinks that it would be cheating on the bondholders who sold them at lower prices
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