Explanation: Hamilton believed in the establishment of a central bank(this is why he favored the creation of the Bank of North America). Jefferson strongly disagreed and did not advocate the issuing of debt which Hamilton deemed as ” a national blessing ” if ” not excessive “.
What is one thing Jefferson and Hamilton disagreed about?
Interpreting the Constitution Jefferson and Hamilton also clashed over the Bank of the United. States. Jefferson worried that a national bank would give too much power to the government and to wealthy investors who would help run the bank. Jefferson opposed the law setting up the bank.
What issue issues are Hamilton and Jefferson debating over?
The debate between the two concerned the power of the central government versus that of the states, with the Federalists favoring the former and the Antifederalists advocating states’ rights. Hamilton sought a strong central government acting in the interests of commerce and industry.
Why did Jefferson oppose Hamilton?
Not everyone agreed with Hamilton’s plan. Thomas Jefferson was afraid that a national bank would create a financial monopoly that might undermine state banks and adopt policies that favored financiers and merchants, who tended to be creditors, over plantation owners and family farmers, who tended to be debtors.
How did Jefferson and Hamilton’s views of government differ?
While Hamilton distrusted popular will and believed that the federal government should wield considerable power in order steer a successful course, Jefferson placed his trust in the people as governors.
What was the major reason for conflicts regarding domestic issues between Thomas Jefferson and Alexander Hamilton?
What was the major reason for conflicts regarding domestic issues between Thomas Jefferson and Alexander Hamilton? They disagreed about the power of the Judicial branch.
How were Jefferson’s and Hamilton’s interpretation of the Constitution different?
Thomas Jefferson favored a strict interpretation of the Constitution, which he interpreted as forbidding everything it did not expressly permit. In contrast, Hamilton favored a loose interpretation.
What was the key disagreement between Alexander Hamilton and Thomas Jefferson who eventually won?
Jefferson also believed that the Constitution did not give the national government the power to establish a bank. Hamilton disagreed on this point too. The argument between Hamilton and Jefferson over the bank led to a sharp debate between these two members of Washington’s cabinet.
Which of Alexander Hamilton’s reports to Congress was rejected?
The Report on the Public Credit
He rejected the suggestions from the states that the federal government simply repudiate all responsibility for the war debt. They had suggested that the war debt had been contracted under two previous American governments—the Continental Congress and then the Confederation Congress.