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  • Hamilton vs Jefferson
  • National Debt
  • Raised money with Bonds
  • We all bought bonds
  • Period 6Kayla O'Rourke
  • Speculators
  • Alexander Hamilton
  • Thomas Jefferson
  • After the Revoluiary war the country was in debt with foreign countries and US citizens. They owned $11.7 million to foreign countries and 40.4 million to US citizens.
  • Jefferson disagreed with Hamilton over Bonds
  • I think that we should not pay the full value of the bonds
  • During the war the government raised money with bonds which are now worth less than what people paid for them
  • States’ debts - South didn’t like
  • Can you help us pay are debt
  • No
  • Speculators are people who bought the bonds that were worth less
  • Can you buy my bond?
  • OK, but I'm going to only pay it for $20 not $60
  • Jefferson thought that allowing the speculators to make a profit was unfair to the original bond holder
  • Hamiton wanted the federal government to pay off the northern states’ debts. Southern states with no debt did not like this idea
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