Hamilton vs. jefferson

Hamilton vs. jefferson

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  • National debt
  • Now we owe so much from the Revolutionary War, when are we going to pay it?
  •  we owe over $40.2 million just for U.S citizens and $11.million for the foreign countries
  • bonds
  • We can't trust the government! because they can't promise we can buy back the debt at a higher price
  • we can't trust the government! They can't afford that promise to buy back dept at a higher Price!
  • Why can't we? Oh no! now what do we do at this point
  • If the items don't get sold in time than there is no money being gained
  • speculators
  • The speculators bought back the bonds at a lower price in hope that the value with eventually rise and they can sell the items for a profit
  • I Don't think it's worth bondholders selling the debt for a lower price!
  • the national debt started to become to much when it hit 40.2 million that they owed
  • bondholders
  • But I think it is! I want to pay the foreign debt as soon as possible!
  • Hamilton can't trust the government because the government can't promise anything but Jefferson trusts them
  • war debt
  • Now the south doesn't want to help the government pay the Dept 
  • Yeah, they don't think the other states have a big war dept
  • the speculators bought back the bonds at a lower price in hope that the value will soon rise
  • loose construction vs. strict construction
  • I think that elastic clause should only be used in special cases.
  • I declare, that the cause allowed the government to create a national bank
  • Jefferson doesn't think that it's worth bondholders selling the debt at a lower price but Hamilton does
  • the south is refusing to pay the war debt
  • Hamilton is loose construction and Jefferson is strict construction
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