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Compare And Contrast The Beliefs Of The Colonies In The Late 1700s

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There were many different beliefs throughout the colonies in the late 1700s. Jefferson did not believe in a strong Federal government, he believed in a government run by all educated men. Jefferson wanted a strict construction of the Constitution. When Hamilton introduced the idea of a Federal Bank, Jefferson disagreed with him, saying that the constitution did not give the government the power to create a Federal Bank. Jefferson believed that because the Constitution did not directly state that the Federal government could create a bank then it was not allowed. Hamilton, on the other hand, believed that because the constitution gave the Federal government the right to coin and distribute money that the government could also create a bank. …show more content…

Hamilton thought it would help in establishing foreign credit if the federal government took on the debt the states incurred during the Revolutionary War. Hamilton’s plan included paying back this debt by imposing tariffs and excise taxes. Jefferson, however, did not think that taking on the states’ debt as a national debt was a good idea. When Jefferson first got into office, he abolished the excise taxes. As a result the only money that was collected to pay off the national debt was from tariffs from trade with other countries. This made the amount of debt held by the government remain higher for a longer period of time. Jefferson completely took away the nation’s income when he passed the Embargo Act. The Embargo Act made it so the states could not trade with foreign countries. This contradicted another belief of Jefferson. Jefferson believed that the states should have the most power. By passing the Embargo Act, Jefferson strengthened the Federal government’s power. When the Alien and Sedition Act was passed, Jefferson believed that the states should have the right to decide if a law was constitutional or if it was unconstitutional. Jefferson was the President when Chief Justice John Marshall ruled the Marbury vs. Maddison case. This case gave the Judicial Branch the power to decide whether a law is constitutional or

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After the new Federal Constitution went into effect, those supporting it split between Thomas Jefferson and Alexander Hamilton. The ones who chose Hamilton, supported his economic plan. Hamilton’s plan for the nation included consolidating the state's’ debts under the federal government. He issued a report in which he proposed that the Federal government assume and fund all of the debts. He would then pay it by issuing new bonds at an interest rate of 4% payable over 20 years.

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Independence can be expensive. While the American Revolutionary War very costly casualty-wise, it left a young, new nation with millions of dollars of domestic and foreign debt. This staggering debt, at the time, totaled 77.1 million dollars, 1.27 billion in today’s american dollar. Debt was divided throughout the colonies, since there was no umbrella organization, like the government, to pay off the tax as one tax rather than haphazardly dealing out twelve different recompenses. Alexander Hamilton feared this debt and drafted his plan of action to keep the debt at bay and to repay the tax in a simple way--or so it seemed.

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After the Revolutionary War, most states went into debt because the finance of the Revolutionary War pushed out the taxes three or four times the level to help wage the war. Most American demanded the relief of high taxes and heavy debt. Alexander Hamilton "instituted a plan to get the brand new nation off on the right foot financially." Hamilton believed in debt because in order to establish credit you must have the ability to borrow in the future. Hamilton also wanted to establish a national bank to unify and stabilize currency called the Bank of the United State.

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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

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Both Alexander Hamilton and Thomas Jefferson had different opinions on how the First National Bank of The United States should be set up and if it goes by what is stated in the Constitution, which led to an argument between federalist and antifederalist in 1791. Federalist, Alexander Hamilton, was a strong believer in the development of a strong central government and broad a interpretation of the Constitution. On the other hand anti-federalist, Thomas Jefferson, was convinced that the government should have to undergo a strict interpretation of the Constitution and that the government shouldn't interfere, more than needed to, in the lives of the American people. Hamilton recommended that the government should in fact make the Bank of the

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The creation of the first bank in the United States prompted a political debate which started in 1791, and went on in the following years. Hamilton’s plan foresaw a bank provided with special powers and privileges, which gave birth to a wide opposition. Although Hamilton 's idea continues to exist in today’s economic environment, at that time his proposal was met with widespread resistance from individuals such as James Madison and Thomas Jefferson, who considered the creation of a federal bank as unconstitutional. Following to a broad interpretation of the Constitution, Hamilton argued that in order to have an effective bank, Congress should be provided with all the powers required. Jefferson disagreed with Hamilton, and claimed that the establishment of such a bank was not consistent with the powers that the Constitution granted to Congress.

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Essay 2 Blinn US History: “Thomas Jefferson: First Inaugural Address, 1801” In his first Inaugural Address Thomas Jefferson is addressing the nation and presenting topics necessary for moving the country forward into the 19th century. He believed that unity between opposing parties and of the people, upholding of the Constitution, and not being involved in alliances with any countries would advance the country forward towards success and greatness. Jefferson’s first topic he focuses on is the belief that unity is the sole reason that great nations exist.

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APUSH DBQ #1 Vivian Yang As the colonies of America further differs with their mother country and began to develop into a successful democratic nation, numerous political had changes occurred. With this divergent, a separation of power began to emerge in the form of two political parties. These were the Jeffersonian Republicans and the Federalists. The parties came to be characterized by certain beliefs, and the usages of those principles would differ during the Jefferson and Madison presidencies.

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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.

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Hamilton interpreted it loosely while Jefferson was strict. This led to an argument about whether the creation of a national bank was constitutional; Hamilton stated it was while Jefferson claimed it wasn’t. Another issue that they clashed

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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.

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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

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Alexander Hamilton and Thomas Jefferson had completely different ideas on how to run the United States. Alexander Hamilton believed in a strong central government, an industrial nation, and national bank (Document 1). Thomas Jefferson believed in a small central government, a nation based on agriculture, and no national bank (Document 1). With completely different

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The war with Great Britain was meant to end these taxations. Great Britain was trying to make us believe that we were paying for the debts, but really, they were taking our money and spending it while we were just getting poor. "We contended with Great Britain—some said for a three-penny duty on tea, but it was not that. It was because they claimed a right to tax us and bind us in all cases whatever. "We started a war with Great Britain because we wanted to end this taxation, and now that we are a lone country, the Constitution will tax us

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Under his leadership, The Whiskey Act was repealed, and the Alien Act along with the Sedition Act expired. When it came to the national debt, Jefferson said, “neither the representatives of a nation, nor the whole nation itself, assembled can validly engage debts beyond what they may pay in their own time....” He understood that in order to pay for war there would be the consequence of debt, but to cut down on that debt the number of federal employees could

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