Transcript Hamilton vs. Jefferson - Fowler Unified School District

November 30, 2011
• Power Point Section 6.2
• Take Notes on Power Point
HW:
Interactive Reader Pages 47-48
Read, Highlight and Answer Questions
Objectives
• Understand how the conflict between
Jefferson and Hamilton led to the
development of Political Parties
Hamilton vs. Jefferson
Chapter 6.2
Standard 8.3.4
Rodriguez
Alexander Hamilton
• Grew up in West
Indies
• Sent to America
• Was Washington’s
Aide
• Served in
Continental
Congress
National Debt
• Money US owed from
War
• Owed 40 million to US
Citizens
– US sells bonds to raise
money
– Can’t buy bonds back
– People sell to Speculators
• For less money
• 11 million to foreign
Countries
Hamilton v Jefferson- Bonds
• Hamilton
– Wanted to pay
Foreign Debt
– Wanted to pay
speculators
• Jefferson
– Wanted to sell at
lower prices
States Debts
• Hamilton
– Federal government pay
States Debts
– States spend money on
business
– Increase Economy
• Jefferson
– South paid most debts
already
– Was not Constitutional
– Was Unfair
November 10, 2010
• Check HW
• Finish PP
• Take Notes
• HW
– Compare and Contrast Hamilton and
Jefferson Worksheet
Objectives
• Compare and Contrast Hamilton and
Jefferson’s views on the government and
economy
Compromise
• Hamilton, Jefferson and
Madison meet
– Compromise
– Jefferson supports
States Debts
– Move US Capital to
South
– President Washington to
choose the place
– Part of Virginia and
Maryland, Swampland
Hamilton v. Jefferson
• Hamilton
– Strong Federal
Government
– Proposed National
Bank
– Economy
• Manufacturing
• Business
• Jefferson
– States Rights
– Weak Central
Government
– Opposed Bank
– Economy
• Agriculture
• Less Business
Bank of the US
• Hamilton
– Place to mint coins
– Deposit Federal Money
– Charter for 20 years
• Jefferson
– Bank gives too much
power to Government
– Unconstitutional- NO
power to create Bank
Bank of the US
• Washington
– Agrees with Hamilton
– Bank of the United States
• Created 1791
• Makes economy Stable
• Jefferson and Hamilton
– Differing views on
Constitution
– Different view of Country
Constitutional Views
• Hamilton
– Loose Constructionist
• Government can take actions not specifically
written in Constitution
• Jefferson
– Strict Constructionist
• Government should only do what Constitution says