Federalism was an influential political movement that supported ratification of the US Constitution and was discontent with the Articles of Confederation that limited the central government’s power. The outlook and vision of the Federalist Party called for a stronger national government, a loose construction of the Constitution and a mercantile, rather than agricultural, economy. Leading Federalists Alexander Hamilton and Chief Justice John Marshall helped shape the development of our nation’s government branches with their views that they expressed about ratifying and interpreting our Nation’s newly drafted Constitution. For Federalists during this time period, upholding and honoring the United States Constitution was extremely important in order to safe guard …show more content…
Alexander Hamilton, Secretary of Treasury, had a vision of a strong national government and a strong national economy. He proposed a multi-facet plan to help the states and federal government out of debt. A large component of this plan was to create a National Bank. Alexander’s plan was strongly opposed by Jefferson’s Party as they found it unconstitutional for Congress to pass this bill to give the federal government control over a National Bank. They feared a strong central government, as active opponents of the English government and argued that giving too much power to the federal government could lead to tyranny. Alexander counters Jefferson’s argument stating that the “Elastic Clause” and Amendment X gave Congress the right to make laws that are “necessary and proper” to carry out other powers given to Congress. His argument was the bank could be constitutionally created to help Congress in the tasks that were constitutionally given, such as taxation. Alexander’s views were later accepted and his loose interpretations of “necessary and proper” are still the basis of how laws are passed by Congress
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
Looking back on the most recent election driven by partisan rancor, many Americans may be cursing Hamilton and Jefferson, the two men responsible for the creation of political parties. But, without the contributions of Alexander Hamilton and Thomas Jefferson the United States economy, principles, laws and shape of the nation would not be as stable. Alexander Hamilton had fought in the revolutionary war. When he started serving as Secretary of the Treasury under George Washington America was drowning in debt. Alexander Hamilton proposed a financial plan involving the establishment of a national bank, the assumption of state debts, creating a paper currency and setting tariffs on imports to increase government revenue.
The inelastic currency was creating conflicts in the negotiations and trades between rural and urbans. During George Washington presidential term, Alexander Hamilton Treasury Secretary at that time, established the first Central Bank in 1791 which lasted for 20 years. Thomas Jefferson and their followers felt doubt and uncomfortable to leave too much power for few hands. Jefferson pointed that the creation of a bank is unconstitutional (The American Dream Film-Full Length). Hamilton initiated the idea of a national bank with his solid reasons; Finance revolution wars, create more uniform currency and the availability to lend and credit nationwide.
(1).” This group did not the Constitution did not properly state the rights and powers of the three branches of government, states’ rights, etc. In order to please the Anti-federalists, the Preamble was put into place to allow American citizens know the central government’s rights, and states’ rights. Lecture 15 “Questions to Consider #1”: In what ways does the modern American economy resemble the plan set out in Hamilton’s three great reports?
The need for a national bank was very much so necessary. Hamilton also convinced president Washington to sign the bank bill by his lengthy report that stated: “This criterion is the end, to which the measure relates as a mean. If the end be clearly comprehended withan any specified powers, collecting taxes and regulating the currency, and if the measure have an obvious relation to that end, and is not forbidden by any particular provision of the constitution, it may safely be deemed to come with the compass of national authority.”
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.
John Marshall was the Chief Justice of the Supreme Court who supported loose construction of the Constitution and enforcing economic provisions in the Constitution. The Supreme Court decisions did not extend federal power too much because the states needed to stay the same. Marshall’s leadership skills helped strengthen the federal government and he believed in all things good for the government. It is not appropriate that someone who was not elected should have such tremendous power to shape the government and law because the president and people should have the ability to elect a person to have a government position. John Marshall was a powerful government official who made the government strong, but he should not have had so much power
The Federalists wanted a strong central government. The Anti- Federalists claims Constitution gives the central government too much power and, and they worried about the new constitution will not give them any rights. That the new system threatened freedom; Also, threatened the sovereignty of the states and personal liberties; failed to protect individual rights. Besides, some of famous peoples such as " Patrick Henry" and artists have came out against the Constitution. Although the anti-Federalists were unsuccessful in stopping the passage of the Constitution, their efforts have been responsible for the creation and implementation of the Bill of
One of Alexander Hamilton’s accomplishments that shaped how America operates today is a result of him being the first Secretary of Treasury of the United States. While in this federal position he helped create what is commonly known as the First Bank of the United States(History.com Staff). The First Bank of America lead to the centralizing of the banking system in this country(Alexander Hamilton). Prior to this national bank each state had their own currency system which created
The main point of Thomas Jefferson’s argument is that the power of the United States to create a national bank is not stated in the Constitution. Because the power is not specifically enumerated, it is unconstitutional. The main point of Alexander Hamilton’s argument is that there are many things that the United States may not do, but creating a national bank is not specifically stated, making it constitutional. Hamilton is building his argument on the tenth section of the first article of the Constitution.
He successfully argued for the assumption of state debts by the federal government and the establishment of the first national bank – a private, but partially government-owned institution. He firmly established the principles of financial trading. Due to his efforts, the creditworthiness of the United States was restored. Hamilton’s accomplishments as Treasury Secretary were not achieved without a struggle. His congressional opponents tried to exhaust him by demanding detailed reports on the workings of the treasury department with incredibly short delivery dates.
If his idea were to pass, it would be owned by the government and ran the bank in order to regulate currency and help control the American economy. However, issues concerning “implied powers” arose when trying to legalize the bill for a national bank. “Government authority to create laws that were necessary to protect and help American people was the foundation of implied powers which Hamilton clearly supported because of his ideal to run an efficient government, one must pass laws to protect the people from corruption.” Flexibility and change were the basis of his argument in creating a stable government. In 1791, the bill for the development of a national bank was passed.
“The accumulation of all powers… in the same hands, whether one, a few, or many… may be justly pronounced the very definition of tyranny. ”-James Madison. Fifty-five delegates, from the thirteen states, met in Philadelphia in May of 1787 to discuss and revise the Articles of Confederation. The chief executive and the representatives worked to create a frame for what is now our Constitution. The Constitution guarded against tyranny in four ways; Federalism that creates a State and Federal government, Separation of Powers that gives equal power to the three branches, Checks and Balances that create balance in the three branches by checking each other and being checked and the Small States vs the Big States ensures an equal voice for all states no matter what their size.
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.
The Federalist’s belief to ratify the new proposed Constitution is the best position for our country because it would protect the safety and liberty of the citizens, and a new government needed to be established that had greater national-level powers. Before the new Constitution, states had their own governments, laws, and disciplinary tactics/actions. There was a national government, but it didn’t have nearly as much power or control over the states as it did after the Constitution was ratified. The Constitution gave the nation a sense of unity, because now all power was divided between the federal government and the many individual state governments. A strong central government was necessary if the states were going to band together to form