1. 6.1: Jefferson vs. Hamilton

2. Cabinet Position under Pres. Washington
Hamilton
Secretary of the Treasury
Jefferson
Secretary of State

3. On Who Should Govern Hamilton Jefferson
believed common people often acted foolishly
rich, educated and wellborn should rule
Jefferson
deep faith in common people especially farmers
distrusted special privilege

4. On the Structure of Gov’t
Hamilton
favored strong central gov’t
gov’t should be modeled on British system
Jefferson
favored a weak central gov’t strong state gov’t
more democratic gov’t

5. Interpretation of Constitution
Hamilton
Loose Interpretation
If the Constitution DOES NOT SAY federal gov’t can’t do something than it MUST BE ABLE TO DO IT
federal gov’t more power
Jefferson
Strict interpretation
If the Constitution DOESN NOT SAY the federal govt. can do something than it SOULD NOT BE ABLE TO DO IT
power away from the federal gov’t

6. Interpretation of Constitution
Hamilton
Article I: “necessary and proper” clause  “Congress shall have Power [...] to MAKE ALL LAWS which shall be “NECESSARY AND PROPER ” for carrying into execution the foregoing powers…”
Jefferson
Bill of Rights (Tenth Amendment)  “The powers NOT DELEGATED to the United States by the Constitution, nor prohibited by it to the States, are RESERVED TO THE STATES respectively, or to the people.”

7. On Economics Hamilton Jefferson
balanced economy of agriculture trade, finance, and manufacturing
gov’t aid to trade, finance, and manufacturing
establish a national bank
maintain internal taxes
use national debt to establish credit
Jefferson
agriculture backbone of the nation
opposed gov’t aid to trade, finance, and manufacturing
opposed establishment of national bank
eliminate internal taxes
pay off the national debt

8. On Foreign Policy Hamilton Jefferson
Supported Britain (parent country)
Jefferson
America obligated to help France

9. Hamiltonians (Federalist Party)
Consisted of bankers, manufacturers, merchants, professional people, and wealthy farmers
Had the most support in New England and along the Atlantic coast
Jeffersonians (Democratic-Republican Party)
Made up of artisans, shopkeepers, frontier settlers, and small farmers
Was strongest in the South, in the Southwest, and on the frontier

10. Hamilton’s National Bank Goal
1. Have the Federal Government assume the states' Revolutionary War debts
2. Pay off the war debts
3. Raise money for the new government
4. Establish a national bank and to create common currency

11. How it Works National Bank
raise $10 million in stock
- $2 million by US gov’t
- $8 million by public (1/4 paid in gold/silver)
loan $ to nat’l gov’t or private interests
- internal improvements only
bank private company
20-year charter
rotation of directors
cannot issue or incur debts beyond amount raised

12. Hamilton’s Arguments For
it is a private business

13. Which man’s philosophies do you most agree with?

14. What position do you think Hamilton and Jefferson would take on today’s legislative issues?
Immigration
Higher education
Abortion
Fracking
Privacy
Same-sex Marriage
National Debt
Involvement in the Middle East
Terrorism