1. The Emergence of The Two Party System
Alexander Hamilton
Hamilton’s Vision
The Rise of Political Parties

2. Enter Alexander Hamilton
Washington appoints advisors based on ability to run government departments and calls them to provide advice on a regular basis
Alexander Hamilton is appointed Secretary of Treasury and Jefferson is the Secretary of State

3. Enter Alexander Hamilton
Intelligent, articulate but an elitist
Serves as an aide-de- camp to Washington
A staunch Federalist he supports a strong national government
Wants the nation to be ruled by an “aristocracy of wealth and talent”

4. Enter Alexander Hamilton
He is an elitist and believes that America’s aristocracy should rule
Hamilton believes that the common man cannot be trusted in positions of government and power
He believes that only the elites are capable of running a government but, he does not trust them with power as well

5. The Money Question
Hamilton is appointed as Secretary of Treasury, he proposes a national bank which is supported by Congress. Washington is hesitant to support it.
Hamilton argues that Constitution gives government “implied powers” to do what is necessary for the country.
Jefferson disagrees with Hamilton, stating the Constitution does not say anything about creating a national bank.
Washington is swayed by Hamilton and a national bank is created and is a success

6. Hamilton and Jefferson

7. The Money Question
Washington is swayed by Hamilton and a national bank is created and is a success
Jefferson strongly opposed it and feared that a precedent of federal supremacy had been set

8. Hamilton’s Report on Public Credit
Hamilton proposes that debt would be funded by the government to maintain the “honor and prosperity of the United States”
The success on this plan rested on the success of a tariff

9. Hamilton’s Report on Manufactures
Hamilton wants the nation to become more economically and industrially diverse
He proposes tariffs on foreign goods and that government take an active role in laying the ground work for the economy of the nation

10. The Rise of Political Parties
Both Jefferson and Hamilton greatly disagreed on fundamental issues and would become leaders of two different types of political thought
Their disagreement over a National Bank will be the divisive issue

11. The Rise of Political Parties
Jefferson
Opposes a Bank of the United States
Support the French Revolution
Supported the French
Favored the farmer
Hamilton
Supported a Bank of the United States
Is against the French Revolution
Supported the British
Supports business and the wealthy