There were many different thoughts on how the United States should deal with the issue of the nation's debt. Hamiltonians, the wealthy Federalist Party, felt that there were two steps to take in funding the debt. The first step was funding at par, which meant that the federal government would pay off its debts at face value, plus accumulated interest. The second step was assumption; this was when Congress would assume the debts of the states. Hamiltonians believed that assumption was a good idea because it would tie the states closer to the federal government, making them depend on it. The Jeffersonians on the other hand did not exactly feel the same way about these philosophies. They did agree with funding at par, but were hesitant towards the policy of assumption. The Jeffersonians were the common people of the country who supported states rights, an

d they did not think that it was fair that the national government assume the state debt. They felt that some states had already paid off their war debt, and that it was not righteous to assume them more debt.

The issue on how to respond to the French Revolution differed between the two parties. The Hamiltonians favored the British in foreign affairs and did not to go to war against them in the French Revolution. They also were apprehensive towards getting involved because the war was becoming excessive and bloody. Also the Hamiltonians feared the Revolution because they thought that the commoners of America might start to revolt against our nations aristocrats, which were the Hamiltonian people. The Jeffersonians, on the other hand, supported the French Revolution. They favored the French in foreign relations and felt that it was okay for a few aristocrats' heads to roll for liberty.

The last issue of debate was on the common man's role in the government. The Hamiltonians believed that the "best people" should rule the government. They felt that the uneducated and uncivilized common man would be easily swayed when it comes to governmental decisions. The Jeffers

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Approximate Word count = 798
Approximate Pages = 3 (250 words per page double spaced)