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Thomas Jefferson's Economic Beliefs

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President Thomas Jefferson firmly believed in the ability of the people of America to elect congressmen for guidance of the republic of America. He, also, felt that the central government should be sparing or economical with regard to money. In order to be frugal, he reduced the size of America’s army and navy to almost nothing. He, also, ended internal taxes and worked on paying off the federal debt. He believed farming was a noble profession. He believed agriculture was the backbone of America. This belief was known as agarian democracy. He felt rural society was superior to urban society. He felt the social values of farmers should be the social values of America. His vision included international commerce and technology as long

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