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Differences Between Thomas Jefferson And Alexander Hamilton

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After the constitution was ratified by all 13 states. The pillars of the United States were laid bare, from this point on was up to Washington and his cabinet to not only lead the way, but also to make sure the nation would succeed. However, two prominent figures of Washington’s cabinet had a very different vision as to how the nation would get there; one was his Secretary of State – Jefferson, who was pretty opposed to the vision of the other cabinet member – Alexander Hamilton, who was the Secretary of Treasury. One of these disagreements is presented in the Major Problems reader, chapter 3, article 2 “Thomas Jefferson and Alexander Hamilton Debate the Constitutionality of the National Bank, 1971” where the article 1 section 8, and the 10th …show more content…

This idea did not fly with Jefferson, who saw this bank as a yet again another attempt by Hamilton to make the U.S. a monarchy. So, in the document he argues that the National Bank was not a necessity, but rather “merely convenient,” meaning that although, true the BUS would facilitate trade among the states – as one of the key elements of this bank was to create a federal currency – this would be the same as having a “world bank” with a universal currency. Which according to Jefferson, sure would facilitate international trade, but that just like in this case it will not stop the nations of the world from going forward, hence the idea of a national bank was just the …show more content…

as well as the states, which were very separate from each other in many aspects, so with the creation of a national bank Hamilton sought to address all these issues. The way Hamilton planned to do this was by assuming having the national bank assume the debt of all the states, resolve the concerns over fiat currency that was issued by the continental congress and raising money. So, by doing this Hamilton was not only getting the states to feel invested in the government, but also the speculators since they needed the government to pay off the bonds that were issued, and by paying the money owed to foreign creditors, the U.S. would start becoming a reliable partner; in other words, yes, the national bank was essential, a necessity to the well-being of the

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