Jefferson Vs Hamilton Case Analysis

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It is evident that Hamilton and Madison stood out as great friends, and that they shared common things in as far as ideological concerns are concerned. They had worked together in the confederation congress in the early 1780s. However, the problem and differences began between the two in the year 1790, and this was guided by the state of the public debt. The famous report on public credit submitted by Hamilton was aimed at solving financial challenges in the states (Broadwater, 2012). The state of the debt seemed to be occasioned by the lack of organization and proper communication that would accompany it. The overall belief was that it was very possible to enhance the solution of the public debt in various ways. The creation of the Bank of…show more content…
If it would have been adopted, it would ensure that power rested on the people, and that they would never be at the mercies of the state and the federal government (Broadwater, 2012). However, the acute vision of Hamilton prevailed, making the American people not to have an access of the wide array of privileges they had widely anticipated. If the financial debt plan had worked, it would also limit unnecessary spending by the national government, and ensure that people had a say on the things that mattered mostly to them. The weak central government would act as an overseer of the states, and would not be domineering in their affairs as it has been since Hamilton’s death (Mattern, 2005). This would also ensure that the American people had an increased autonomy from the political class, and ensure that they are free to engage in their daily activities without interference by the various federal programs that were proposed and adopted courtesy of Hamilton. Adoption of Madison’s debt plan perspective was a prudent way of ensuring that states control the funds. Funds controlled by the states would be used in line with the budgets of the various respective states. This would mean that the various caps the federal government puts in the states are very limited, and that would ensure that the interests of the people are the ones served instead. The manner in which the United States enters into debt would also be diminished as there would be prudent financial management and utilization utilizing on foreign borrowing and utilizing pending, which would highly utilize on the deficit (Leibiger,
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