1. US History

2. P. 88 - Loose vs. Strict Interpretation Guided Notes
Bell Work
SMARTbook Table of Contents Update:
P Loose vs. Strict Interpretation Guided Notes

3. Learning Target
I can explain how disagreements between Thomas Jefferson and Alexander Hamilton resulted in the emergence of two political parties.

4. Essential Question
How did the debate between Jefferson and Hamilton shape the political system of the United States?

5. Daily Agenda Loose vs. Strict Interpretation Guided Notes
Alexander Hamilton’s Financial Plan

6. Introduction
In his Farewell Address, George Washington warned that the creation of political factions would lead to despotism, or a political system where the ruler holds complete power.
Two of his advisors, despite this warning, helped to form two factions that led to the dual party system under which the US operates today.

7. Jefferson and Hamilton
Worked together in Washington’s Cabinet:
Jefferson – Secretary of State
Hamilton – Secretary of the Treasury
From the beginning, both men had different views about the future of the country.
Jefferson believed that US future was in agriculture.
Hamilton believed it was in manufacturing and commerce (business/trade).

8. Jefferson and Hamilton, Continued
Hamilton did not trust the public and believed that the federal government should have more power so that it could steer the US in the right direction.
Jefferson placed his trust in the American people, particularly the states and their leaders.

9. On Foreign Policy Jefferson (Strict) Hamilton (Loose)
Former Ambassador to France
Strongly supported France’s rebellion
Believed that gov’t should be in the hands of the people
Believed that the US should not get involved in the war between France and Great Britain
Hamilton (Loose)
Believed that we should remain neutral in all foreign affairs
Wanted Washington to publicly declare US neutrality in the war
Believed that the British were superior to the French

10. On Economic Policy Jefferson (Strict) Hamilton (Loose)
Emphasized the agriculture industry (farming)
Against the national bank
Against protective tariff (taxes on goods imported from other countries)
Hamilton (Loose)
Emphasized the manufacturing, shipping, and trade industries
For the national bank
For the protective tariff
Summary: Jefferson believed that the people and states should have the power, so he was against the federal government having a national bank or enforcing taxes on goods produced by the states. Hamilton felt that these taxes would keep people from purchasing goods from other countries and would encourage them to purchase goods made in America.

11. On Debt from the Revolutionary War
Jefferson (Strict)
Believed that states should pay their own debt from the war
Did not want to leave debt to next generations in the US would have to pay
Hamilton (Loose)
Believed that the federal gov’t could pay the states debt through the national bank
This would build credit that would give the federal government more $$ eventually
Summary: Jefferson believed that the people and states should have the power, so he was against the federal government taking on the debt of the states. He did not think that the southern states (who were mostly farmers) would benefit from a National Bank. Hamilton disagreed, and Washington eventually sided with Hamilton and his Financial Plan.