Hamilton vs. Jefferson

Hamilton vs. Jefferson

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  • The Biggest Challenge 
  • Jefferson we have to pay off the national debt and we can't let speculators sell items for a profit.
  • No. Then we will be cheating the bondholders
  • Raised Money with Bonds
  • This is a irrigable  for  $1 but i will sell it to you for 50 cents.
  • OK. I will take it. 
  • Speculators 
  • This is was a irrigable$1.50 but i am going to sell it for 20 cents.
  • OK but i will pay $2.
  • Jefferson and Hamilton had different ideas. They both had very different opinions on how to run the government and how the government should approach its economic problems.  The biggest challenge for Hamilton was to pay off the national debt from the Revolutionary War.
  • Jefferson Disagreed with Hamilton 
  • NO i don't like that idea and that also means that we would be cheating the bondholders.
  • During the war the government raised money with bonds. But the government could not afford to keep this promise. Bondholders who needed money sold their bond for less than original value to speculators.
  • States' Debts 
  • We should change the national capital.
  • Speculators are people who buy items and selling them at low prices and hoping that they will raise and they can sell item for a profit.
  • Move Capital 
  • No that will give the capital in New York and the northern states too much influence. 
  • Hamilton wanted to pay the foreign debts gradually repay  the total of the bonds value.  Jefferson disagreed he thought the idea cheated bondholders who had sold ther bond with low prices.
  • I think that we should pay for the foreign debts and repay the total of the bond value.
  • The state owned $25 million from the Revolutionary war. Hamilton wanted the federal government to pay for $21.5 million of this debt. The South did not want to help the federal government to pay the debts of the other states.
  • The state owned $25 million from the Revolutionary war.
  • The southern offerices wanted to change the of the national capital. Many of the southerners thought that the capital in New York gave the northern states too much influence over national policy.  
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