Alexander Hamilton and Thomas Jefferson

Alexander Hamilton and Thomas Jefferson
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  • Hamilton
  • Alexander Hamilton and Thomas Jefferson
  • Melissa Yu Period 5
  • Jefferson
  • Hamilton: Believed in a strong central government. He believed his approach would protect everyone's liberties while keeping the people from having too much power. 
  • Jefferson: Wanted to protect the powers of the state. Believed his approach would protect everyone's liberties while keeping the people from having too much power.
  • A strong central government to balance "mass of people" and wealthier citizens.
  • Strong Central Government
  • Protect the powers of the state. My approach would keep people from having too much power.
  • Jefferson: Worried about depending too much on business and manufacturing. Believed farmers were the most independent.
  • Hamilton: Wanted new forms of economic growth. 
  • Let have new economic growth. 
  • Depending on business and manufacturing might not be good. 
  • Hamilton: Wanted to pass a higher tariff, known as a protective tariffs which would raise price of foreign objects. He hoped it would cause Americans to buy US goods, which would protect American manufacturing from foreign competition.
  • Jefferson: Wanted lower tariffs, which would help farmers by keeping the price of imported goods low.
  • Adding Higher Tariffs to foreign goods can make Americans buy US goods
  • Lower tariffs would help farmers.
  • Hamilton: Wanted to start a national bank where government could safely deposit it's money.
  • Jefferson: Establishing a national bank worried Jefferson. He didn't believe the US gave Congress this power. His opinion was the National Bank was a convenience not a necessity. 
  • The National bank could safely deposit the governments money.
  • Let's make a bank for the government.
  • Hamilton's idea worries me.
  • The national bank is a convenience not a necessity.
  • Hamilton: Wanted to put the federal government on a solid financial footing. He feared that otherwise the government would lose the trust of American people.
  • Jefferson: Opposed Hamilton's plan. He thought the idea cheated the original bondholders who had sold their bonds at low prices.
  • Let's put the government on a solid financial footing.
  • What if the gov. loses trust of the American people.
  • Your idea would cheat the original bondholders who had sold their bonds at low prices.
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