6X Friday Hamilton vs Jefferson

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6X 05-19-2017 Friday Hamilton vs Jefferson Objective: Evaluate the ideas of Jefferson and Hamilton about the economy and government. Agenda: Prayer Do Now: discuss chapter 7.3 Compare and contrast ideas of Jefferson and Hamilton Review challenges of the new nation Discuss Debates Debate 1 on Wednesday next week, debate 2 on Thursday next week

Whose ideas about government was best for the country, Jefferson’s or Hamilton’s? Whose ideas about the economy was best for the country?

Government and Economy Hamilton Jefferson Government: Federalist: Strong central government Did not trust the common person to know enough to make good decisions for the country. Raise taxes to pay off national debt (Financial plan: national bank and bonds) Loose Construction: If the Constitution does not forbid it, then I can do it. Elastic clause: The government can do whatever is “necessary and proper” to govern. Economy: Wanted to grow different industries and businesses High tariffs to protect American businesses Democratic-Republican: weaker central government, stronger state governments. He felt that everyone had a right to rule themselves (self-government). Did not like the national bank: felt that it gave too much power to the central government. Strict construction: If it’s not mentioned in the Constitution, I cannot do it. The government can only do the things that are mentioned in the Constitution. Economy Believed in farmers – independent and virtuous Low tariffs to keep prices low

Challenges of the New Nation