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  • Pt. 2 of Strict V.S Loose construction 
  • if the constitution does not specifically say they can not do something they can do it
  • but the government has to follow the exact words of the constitution 
  • Jefferson
  • I favor farming 
  • Hamilton
  • I think that we should have a strong federal government 
  • They have a disagreement on loose v.s strict construction
  • National bank
  • The national bank was the idea that business and the government could keep their money there for safe deposit 
  • The south still thinks its unfair that states should pay there own war debt
  • Jefferson favored farming 
  • state debt
  • yeah they don't think there was much of a war debt
  • I want to pay the foreign debt first, we should use all the money from bonds
  • Hamilton had a strong central government (manufacturing, business)
  • Hamilton V.S Jefferson
  • no we can't do this, it cheats the bondholders who sold them at low prices
  • It was good to have a national bank because then they can safely place and deposit their money somewhere 
  • The south didn't want to pay the states war debt because they thought that the states didn't have a big war debt
  • Hamilton wants to pay the foreign debt as soon as possible but Jefferson thinks that it would be cheating on the bondholders who sold them at lower prices
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