P5- Chapter 7 projec- Gambino part-2
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What was the compromise to move Capital?
How about this.THE south helps pay the war debt if we move the capital to the south.Hows that?
We are not going to paying the war debt to help you.
Hamilton wanted strong central government Economy to open up.
Jefferson wanted strong state government.
THe North moved will move the capital if the South helped pay the war debt.
"We should have a nation bank because it can stabilize the nation's credit status and WE need a bank to create an active economy."
Strong central goverenment = industry and big business would make more money for the economy.
Hamilton = loose construction
We can do that. The constition never said that you can't do it.
Jefferson wanted strong state goverenment and favored farming.
Jefferson = strict construction
We can't do thst it's not written in the in the constitution.
Hamiton wanted it . Thomas Jefferson and James Madison didn't want it
" The goverenment doesn't have the powers or authoritys to create a bank. It's listed a power that they don't have."
Hamiton got the federal government can take reasonable actions that the constitution does not specifically for.
That the federal government can only do what the Constitution specifically says and can do.