Hamilton v. Jefferson
Updated: 2/14/2020
Hamilton v. Jefferson
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Storyboard Text

  • Hamilton v. Jefferson
  • Biggest Challenge - National Debt
  • How do we raise money?
  • What a coincidence Mr.
  • Well we could use bonds
  • Raised Money with Bonds
  • Bonds are certificates of debt that carry a promise to buy back the bonds at a higher price.
  • What a coincidence Mr. Bailey. I have just purchased my bonds
  • United States of America We the United States have now officially started selling bonds. Each bond will....
  • Very good Mr. Williams! I shall as well.
  • By Sophia DaltonP.5
  • Speculators
  • How much did you say it was worth?
  • Hey you! This bond costs $150 you want it for 200?
  • The U.S owed $11.7 million to foreign countries and about $40.4 million to US citizens.
  • Jefferson disagreed with Hamilton
  • We should pay the foreign debt now! We can pay back the citizens back later!
  • Paying full value would allow speculators to make profit
  • The U.S started selling bonds to repay the national debt.
  • States' Debts
  • Speculators are people who buy items at low prices in the hope that the value will rise and then they sell the item for a profit.
  • Hamilton thought that it was fair for speculators to have high profit. Jefferson disagreed he thought this was unfair to bond holders.
  • This cheats bondholders who had sold their bonds at low prices
  • The South didn't like that they had to chip in to pay for other state's debt when they had nothing to pay for in their state.
  • YEAH!
  • Why should WE?
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