sayer p2 HAmiton vs. Jefferson

sayer p2 HAmiton vs. Jefferson

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  • National debt 
  • Raised Money with Bonds
  • ”I’ll take a chance that this might be worth something someday”
  • Speculators
  • Hamilton's biggest challenge was paying of the national debt from the Revolutionary War.  The United States owed about $11.7 million to foreign countries and about $40.4 million to U.S. citizens.
  • Jefferson disagreed with Hamilton 
  • I DISAGREE !!!
  • Hamilton will raise some of the money by selling bonds. 
  • States Debts
  • NO NO NO!!!!!!!!
  • people who buy items at low prices in hope that the value will rise
  • Move Capital
  • ok 
  • if the south would agree to help pay the northern war debt the north would agree to move the capital south.
  • Hamilton wanted to pay the foreign debt immediately and gradually repay the total value of all bonds.The second part of his plan allowed speculators to make a profit he thought this was fair, Jefferson disagreed .He thought that the idea cheated bondholders who had sold their bonds at low prices.
  • South didn’t like - The North owed $25 million for Revolutionary War Hamilton wanted the government to pay this debt but the south did not want to help pay the debts.
  • please help pay please 
  • Southern officials wanted to change the location of the nation’s capital. Many southerners thought that having the capital in new york gave the northern states too much influence
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