Alexander Hamilton Loose Constructionists

Both Alexander Hamilton and Thomas Jefferson had different opinions on how the First National Bank of The United States should be set up and if it goes by what is stated in the Constitution, which led to an argument between federalist and antifederalist in 1791. Federalist, Alexander Hamilton, was a strong believer in the development of a strong central government and broad a interpretation of the Constitution. On the other hand anti-federalist, Thomas Jefferson, was convinced that the government should have to undergo a strict interpretation of the Constitution and that the government shouldn't interfere, more than needed to, in the lives of the American people. Hamilton recommended that the government should in fact make the Bank of the

Being charted for 20 years, it started in Philadelphia with a capital of ten million dollars. I think Hamilton’s plan of a national bank was successful because it helped to stimulate the nation’s economy like it was planned to. It also gave the new nation a good foundation financially. It also was successful because it created a new united currency that was the same throughout the whole Union. When the stock was put up for sale publicly, it was sold out in less than two hours, which also expresses the successfulness of Hamilton’s idea of a national bank even though many people like Thomas Jefferson thought it was

He proposed that a central bank could manage the country's finances, regulate the currency, and provide a source of credit for the government and private sector. Although the charter of the First Bank of the United States expired in 1811 and was not renewed due to political opposition, Hamilton's economic theories continued to shape the thinking of policymakers. His research and ideas were instrumental in establishing the Second National Bank in 1816 as a means to address the economic challenges facing the nation. The establishment of the Second

These men showed the government that the way that they were trying to raise money was improper. In any debate over an important issue, especially a political one, there will always be different opinions and beliefs, which causes political parties to form and campaign. Another major part in contributing to political parties, is the creation of a national bank. The debate over Hamilton's idea of a national bank exposed differences in how to interpret the Constitution. Those who favored a loose-construction of the Constitution and the national bank became Federalists.

And, if the National Bank was ever to go into debt after paying off the U.S’s debt then taxes/prices would go up. Which they were legally able to do under the Constitution. As mentioned above rules for this bank were not set and are strict so things like this were legally able to take place. Jefferson angrily said “The power to create corporations had to be explicitly authorized and was not something that could be created by “implication” from the text of the Constitution (Bill of Rights Institute).” Financial corruption as Jefferson implied would only not benefit the people in the U.S.

After the Revolutionary War, American politicians had to figure out how to run the new country. Alexander Hamilton and Thomas Jefferson were two politicians in the Early Republic Era who greatly contributed to the shaping of the United States. Jefferson, a Democratic-Republican, and Hamilton, a Federalist, disagreed about almost every one of each other’s core beliefs about what the country should look like. Although Hamilton’s view of the Constitution largely influenced the U.S., Jefferson’s ideal economy and belief in a strong state government shaped the Early Republic more.

The need for a national bank was very much so necessary. Hamilton also convinced president Washington to sign the bank bill by his lengthy report that stated: “This criterion is the end, to which the measure relates as a mean. If the end be clearly comprehended withan any specified powers, collecting taxes and regulating the currency, and if the measure have an obvious relation to that end, and is not forbidden by any particular provision of the constitution, it may safely be deemed to come with the compass of national authority.”

The creation of the first bank in the United States prompted a political debate which started in 1791, and went on in the following years. Hamilton’s plan foresaw a bank provided with special powers and privileges, which gave birth to a wide opposition. Although Hamilton 's idea continues to exist in today’s economic environment, at that time his proposal was met with widespread resistance from individuals such as James Madison and Thomas Jefferson, who considered the creation of a federal bank as unconstitutional. Following to a broad interpretation of the Constitution, Hamilton argued that in order to have an effective bank, Congress should be provided with all the powers required. Jefferson disagreed with Hamilton, and claimed that the establishment of such a bank was not consistent with the powers that the Constitution granted to Congress.

Hamilton interpreted it loosely while Jefferson was strict. This led to an argument about whether the creation of a national bank was constitutional; Hamilton stated it was while Jefferson claimed it wasn’t. Another issue that they clashed

In the 1790s, there were two men who had different beliefs regarding how the United States should function. The two men were Alexander Hamilton and Thomas Jefferson. Jefferson was the leader of the Republican party and Hamilton was the leader of the Federalist party. The political parties were created by Hamilton and Jefferson based on their differences in opinion on how the country should run. For example, Jefferson believed that the government should be self-governed and all of the power should go to the individual states.

He successfully argued for the assumption of state debts by the federal government and the establishment of the first national bank – a private, but partially government-owned institution. He firmly established the principles of financial trading. Due to his efforts, the creditworthiness of the United States was restored. Hamilton’s accomplishments as Treasury Secretary were not achieved without a struggle. His congressional opponents tried to exhaust him by demanding detailed reports on the workings of the treasury department with incredibly short delivery dates.

When it comes to Thomas Jefferson and Alexander Hamilton the main difference between the two was their political party. The basis of each of their political parties set the boundaries for their beliefs and their views as politicians. Both men were founding fathers of our country, and made a huge impact on history as we know it. Without these men, our country's government might not be what it is today. One of the only similarities of Jefferson and Hamilton was their want to diminish national debt.

Hamilton wanted to create public credit with a treasury system, a national bank, a mint, and increase manufacturing which would help unify the country. On the other hand, there was Jefferson, who opposed a strong central government. He argued that the “wealthy would gain at the expense of ordinary Americans and that Hamilton’s political economy would corrupt the morality of citizens and undermine the social conditions essential to republican government”(Powerpoint). The country would opt for an approach closer to Hamilton’s views. One of the first acts was the National Banking Act.

Hamilton vs. Jefferson Visions to Reality     Thomas Jefferson and Alexander Hamilton both had very defined visions of the scope and power of the new federal government, how they saw the future of the economic development, and what the United States society should become. In my opinion Alexander Hamilton had more of an impact on the United States during the 1820’s and on contemporary government when compared to Thomas Jefferson. His policies did not strictly work during that time and many of his ideas are still seen in today’s society. Jefferson’s views and ideas on/of the national bank, higher tariffs, debt assumption, The Federalist Party, and his support of the ratification of the Constitution are all reasons in why his policies and visions came closer to becoming a reality.     Thomas Jefferson and Alexander Hamilton, molded the gatherings that provoked to the twofold party system under which the U.S. works today.

There was many differences between Alexander Hamilton and Thomas Jefferson,they both had different ideas of how to run the country. Hamilton was a Federalist; he wanted the nation government to be strong , while Jefferson was a Democratic- Republic, he wanted the states to hold more power.(Competing Visions of Government: The Federalists vs. the Republicans) They both have different views in political issues and ideals for the country. Alexander Hamilton wanted a strong central government because he experienced the results of a weak central authority.(The Differences Between Hamilton & Jefferson's Views on Political Party Beliefs)On the other hand Thomas Jefferson wanted a weak central government because he thought that the threat of cruel