SS election thing thing
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Jefferson vs Hamilton
Biggest Challenge- National Debt
We are in debt. Let's get Alexander Hamilton to help because he's good at finance.
Raised money with bonds
I have an idea!Lets make these bonds that we sell to people. In a few years we will buy them back for more money then when we sold them.
Jefferson disagreed with Hamilton over bonds
That's such a bad idea! How will we pay them back? We could just have all the states pay for it!
If we win the war we should be able to pay it back to them.It will raise money.
Jefferson calls Hamilton to help
States' debts - South didn't like
WE DON'T WANT TO PAY FOR A WAR ALREADY PAID FOR!!!
Hamilton thinks bonds are going to be a good idea.
What was the compromise to move the Capital?
Also, I need to move the capital to Philadelphia for a few years.
Jefferson does not think this idea will work.
The South did not want to pay the debt of the North
Hamilton moves the Capital so he can get more money. To get the U.S. out of debt.