Alexander Hamilton was a founding father of the United States, chief staff aide to George Washington, and one of the most influential interpreters of the U.S. Constitution. After the American Revolution, Hamilton believed it was necessary to eradicate the debt we owed, and to establish a nationally flowing currency to continue taking in revenue. Thomas Jefferson also believed the national debt should be eliminated. Jefferson, like Hamilton, was a founding father. He also wrote The Declaration of Independence, and was the third president of the United States. Jefferson and Hamilton’s ways of eliminating the debt were extremely different, and it is evident that the two men had shockingly different views for the United States of America. Alexander Hamilton was evidently, a man of the North. He believed in a more industrial way of making America prosper. Instead of a very individualistic way of achieving financial security, Hamilton believed in a collaborative flourishment, where businesses and companies could be established and prosper for the nation. With these ideas, Hamilton created a plan to pay off the federal debt and state’s debt. His arguably biggest contribution to the United States was the his establishment of the …show more content…
While Hamilton went about his ideas in a more industrialized way, Jefferson was very individualistic in his beliefs, and favored an Agrarian America. Hamilton and Jefferson’s differences of ways in eliminating the national debt were showed through their general belief system. While their motives were similar, these two men were nonetheless different, and overall shared very few similarities, and often exposed their gaping differences. It is known that Hamilton’s ideas were the more favorable idea’s and were in turn placed into effect, but some to this day wonder what America would be like today, had Jefferson’s ideas been more
In the 1790s, before their presidencies, the views of Jefferson and Madison differed from those of Hamilton. Hamilton, a Federalist, supported a strong central government that could enforce the law and uphold the Constitution. (Doc B) Before
Jefferson and his supporters change the American political culture but retain most of Hamilton's economic plan. Even though Jefferson wanted to make an even smaller federal government. He repealed many of the takes Hamilton imposed. This allowed Jefferson to reduce the federal employees such as the tax assessor. He plans to fund government operations with tariffs from trading partners, not
Specifically, Alexander Hamilton was focused on paying national debt that was incurred during the revolutionary war. Alexander Hamilton developed and was responsible for the first national bank of the United States, which was “designed to facilitate the establishment
Alexander Hamilton, the first Secretary of Treasury of the United States, had a lot going for himself being a man that came from poverty to success, and he was a man “all powerful and fails at nothing which he attempts” admitted a congressman in 1791 (Tindall and Shi). Born in the Caribbean in the West Indies, abandoned by his father and orphaned at the age of 13 by his late mother who had died. Later moved to New York, became a lawyer and transitioned to nationalism thus giving him the important role of handling the weight of the debt America had accumulated $54 million deep after the Revolutionary War (Digital History). Hamilton saw the need for some financial credit to be given to America and he had the right idea by proposing a National Bank to his first president George Washington. Word dispersed of that proposal leading a
He was able to combine an idea and politics. Hamilton is the reason the two are so closely tied together, and in doing this, he is known as the man who made modern America. He also envisioned America to have large debts, military force, and a modern economy with the large government. This is why Hamilton is probably the only who would understand America today. These are just some of the examples that Wood gives throughout the book that entail the difference in the Founders and todays
The topic of the night was the national debt crisis. Alexander Hamilton, a strong supporter of federal assumption, and James Madison, a loyal Virginian, were among the guests of this carefully calculated soiree. Personal motivations of wealth and power guided their conversations. Hamilton’s economic plan was devised to benefit the urban elite, who were, in his mind, the keystone of American economics. States like Virginia that had managed to pay off large amounts of their debt, now risked being charged more in new taxes under Hamilton’s plan.
Political parties, Democratic Republicans and Federalists, started in the U.S. because of differing views of Alexander Hamilton and Thomas Jefferson, and the influence of newspapers. Jefferson’s and Hamilton’s different ways of thinking(mostly on issues that was beneficial for the country) played a huge part in the start of political parties. They fought about economy. Jefferson liked farming while Hamilton preferred manufacturing and trade. Interpretation of the Constitution was another thing they fought upon.
In the 1790s, there were two men who had different beliefs regarding how the United States should function. The two men were Alexander Hamilton and Thomas Jefferson. Jefferson was the leader of the Republican party and Hamilton was the leader of the Federalist party. The political parties were created by Hamilton and Jefferson based on their differences in opinion on how the country should run. For example, Jefferson believed that the government should be self-governed and all of the power should go to the individual states.
It is evident that Hamilton and Madison stood out as great friends, and that they shared common things in as far as ideological concerns are concerned. They had worked together in the confederation congress in the early 1780s. However, the problem and differences began between the two in the year 1790, and this was guided by the state of the public debt. The famous report on public credit submitted by Hamilton was aimed at solving financial challenges in the states (Broadwater, 2012). The state of the debt seemed to be occasioned by the lack of organization and proper communication that would accompany it.
Alexander Hamilton (2004) is a detailed true story of one of the most important figures in American history. It is based on Hamilton’s early life. As a politician, as a revolutionary war hero, and the first treasury secretary, Hamilton dedicated his life and intellect to unifying and strengthening the United States. Hamilton in truth did perhaps more than any other one person to secure the power of the American Union. Though he was never president, he was a hero deemed as a true founding father, title he kept till his death.
Each one had their own view of how to do this, but it was a main goal of both politicians. Alexander Hamilton was a founding father and leader of the Federalist party. Hamilton wanted America to be just like Great Britain. He believed that in the best interest for the country, the government should be run by elite people with lots of money. Hamilton was The United States Secretary of Treasury, during this time, and proposed many of his reform ideas to Congress.
Thomas Jefferson during the 1790’s-1800’s while working with federalists Alexander Hamilton, his viewpoints were different. During the 1790’s Jefferson was known to be in the democratic-republican party where he progresses an ideal structure of equivalencies between money and weight standards with the American/Spanish currency. Jefferson took charge of the republicans after a conflict created two parties, republican-democratic and the federalist, who empathized with the revolutionary cause in France. While attacking the federalist policies, Jefferson opposed a strong centralized government and granted the rights of states. While Jefferson was in presidency, he cut down on the Army and Navy expenditures, cut the U.S. budget, eliminated the tax
Hamilton wanted to create public credit with a treasury system, a national bank, a mint, and increase manufacturing which would help unify the country. On the other hand, there was Jefferson, who opposed a strong central government. He argued that the “wealthy would gain at the expense of ordinary Americans and that Hamilton’s political economy would corrupt the morality of citizens and undermine the social conditions essential to republican government”(Powerpoint). The country would opt for an approach closer to Hamilton’s views. One of the first acts was the National Banking Act.
Hamilton vs. Jefferson Visions to Reality Thomas Jefferson and Alexander Hamilton both had very defined visions of the scope and power of the new federal government, how they saw the future of the economic development, and what the United States society should become. In my opinion Alexander Hamilton had more of an impact on the United States during the 1820’s and on contemporary government when compared to Thomas Jefferson. His policies did not strictly work during that time and many of his ideas are still seen in today’s society. Jefferson’s views and ideas on/of the national bank, higher tariffs, debt assumption, The Federalist Party, and his support of the ratification of the Constitution are all reasons in why his policies and visions came closer to becoming a reality. Thomas Jefferson and Alexander Hamilton, molded the gatherings that provoked to the twofold party system under which the U.S. works today.
There was many differences between Alexander Hamilton and Thomas Jefferson,they both had different ideas of how to run the country. Hamilton was a Federalist; he wanted the nation government to be strong , while Jefferson was a Democratic- Republic, he wanted the states to hold more power.(Competing Visions of Government: The Federalists vs. the Republicans) They both have different views in political issues and ideals for the country. Alexander Hamilton wanted a strong central government because he experienced the results of a weak central authority.(The Differences Between Hamilton & Jefferson's Views on Political Party Beliefs)On the other hand Thomas Jefferson wanted a weak central government because he thought that the threat of cruel