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  • Jefferson vs Hamilton
  • National Debt
  • What do we do?
  • We owe 11.7 million to foreign countries and 40.4 million to our citizens
  • They Raised money with bonds
  • Yay
  • We will pay back the old bonds and sell the new ones
  • Boo
  • By Ming-lang Qin Period 6
  • Speculators
  • If you give me 40 bucks, I will give you a 60 dollar bond
  • Deal
  • The United states biggest problem its debt.
  • Jefferson disagreed with Hamilton - bonds
  • I disagree that is unfair to the bond holders and allows the speculators to make money
  • This is how Hamilton wanted to pay back the debt
  • States' Debt -South didn't like
  • I think that we should pay the states debt, this will allow them to focus on trade and economy
  • Speculators were people who bought items hoping that there value would raise.
  • Both of them had different ideas to pay back the debt
  • I want to pay the foreign debt immediately to gain respect in Europe , then overtime repay the bonds debt. That is how I would like to repay the debt.
  • States owed $25 million for revolution
  • That is unfair States Virginia and North Carolina don’t have many war debts. We do not approve.
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