hamilton versus vs jefferson
Though both Alexander Hamilton and Thomas Jefferson served as members of President Washington's cabinet, the two held very different views on the newly founded U.S. government and the role of the masses in that government. During the 1790's the views of Hamilton and Jefferson would develop into two competing political views and eventually form the basis of the first political parties in the U.S.. They both debated on the economics central government/different political views, and foreign policy. However, I believe Hamilton had better views for America. Hamilton became secretary of the treasury in 1789. He had a complex financial plan which consisted of five major components: funding at par, assumption of state depts, tarrifs, excise taxes, and an establishment for a national bank. Funding at par would bolster the national credit and urge Congress to pay off the entire national debt. Assumption of State depts would urge Congress to assume the states' debts. Excise taxes secured an excise tax on a few domestic items such as whiskey. The foundation of Hamilton's financial plan was a Bank of the United States. He proposed that C
ongress establish a national bank to handle the government's financial operations. This measure was opposed by Secretary of State Thomas Jefferson, who did not believe that Congress had the power to establish such an institution. Hamilton wanted the government to encourage manufacturing, and he recommended measures for that purpose. Jefferson opposed such a program because they thought that it would hurt farming interests. Congress partly followed Hamilton's suggestions. Foreign policy in the 1790's further fomented the emerging political parties. The United States was tied to France by the Franco-American alliance of 1778. George Washington, had addressed this by issuing his Neutrality Proclamation of 1793 where he stated that the United States will stay neutral throughout France's war against Great Britain. Federalists condemned the French Revolution while Republicans praised its democratic ideals. The XYZ Affair, in which French minister Talleyrand attempted to bribe three American diplomats produced the opposite affect by putting the Republicans on the defensive from Federalist attacks during the resulting Quasi-War wi
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Approximate Word count = 763
Approximate Pages = 3 (250 words per page double spaced)
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