I, a wealthy merchant of Philadelphia, import and export goods and receive lots of money in which I currently have to keep in a state bank. Keeping my money in a place like that is not safe. If there was a larger bank that I could keep my money without fear, I would chose to keep my money there. Also, a larger bank would have a larger pool of money. This benefits me because the larger pool of money there is, the larger amount of money I can make. If Hamilton argues for this type of bank, I will certainly vote for him because his plan interests and benefits me. However if Jefferson proposes that there will be no safety represented in this style of bank, my vote may change to him. My main reason for voting for Secretary Hamilton is that he
There are many characteristics that could impact one’s life in a negative way causing them to lose everything in life such as selfishness, messiness, untrustworthiness, self-righteousness, or ego. In the award-winning musical, Hamilton: The Revolution, by Lin-Manuel-Miranda, the character of protagonist, Alexander Hamilton may be described in many ways. However, one character trait stands out among the rest. The main character trait of Alexander Hamilton, self-righteousness, shaped everything about his life: how he grew up, how he dominated in debates, and even how he fell from grace. Hamilton always stuck by his ideals, not caring whether it affected other people. These traits led him to lose and gain
During George Washington’s presidency of our new nation, there was a large disagreement between his Secretary of Treasury, Alexander Hamilton and his Secretary of State, Thomas Jefferson on several economic and political challenges.To get the nation out of extreme debt, Hamilton came up with a financial plan that included the creation of a national bank. This national bank would be a safe place to deposit government funds, a source of loans for the government and businesses, and the creation of a national mint. However, Jefferson was strongly opposed to the idea of a national bank, he believed it was strictly against the Constitution and would give the federal government too much power. Hamilton argued that Article I Section 8 of the Constitution
Hamilton’s creation of the first bank in the United States continues to exist in today’s economic environment. However, at that time Hamilton’s 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. The analysis made by Gordon in his book is consistent with arguments made by to have a bank that would be effective in order to implement the powers authorized by the government as it was implied in the constitution
Two competing political philosophies have always existed throughout the United States’ relatively short history: one seeking to increase the power of the central government, and one seeking to decrease it. During the 1800s these two conflicting philosophies were acted out by the Federalist and the Democratic Republican parties, respectively. The Federalists, led by Alexander Hamilton, advocated the importance of a strong central government in leading the country forward, while the Democratic Republicans, led by Thomas Jefferson, promoted increasing the common man’s role in government. Although both political parties had good intentions for the future of the United States, the Federalist Party was much more effective at uniting the American
I, Thomas Jefferson, am against the bill for the adoption of a national bank designed along the lines of the Bank of England. The U.S. bank would prevent the improvement of state banks as a result of its exceptional powers and benefits. I think states ought to sanction banks that could issue cash. A national bank would be much more help to rich representatives in urban communities than to agriculturists in the nation. The national bank would be controlled by affluent investors and would assist those with privileged class turn out to be more rich and effective. The joining of a bank and the forces accepted by this bill have not, as I would like to think, been designated for the United States by the Constitution. I trust that the Constitution
Hamilton drew inspiration from the “British national banking system” and saw fit a federal bank to aid the Union with war debts, establishing a national currency, securing taxes and enforcing “government subsidies to encourage American manufactures” (Pearson). Naturally, Jefferson and his Republicans were horrified by the idea of granting the national government more authority, claiming that endorsing a bank charter would mirror British
To die a tragic death by the hand of another man- to carve ones way through destiny and shape one's future from the humblest of beginnings- to forge a legacy by a medium only those heralded as our countries "Forefathers" have per chanced to meddle with- these are the makings and the foundations for which great men and the dreams of our country rely upon.
April 13, 1743 Albemarle County in the English colony of Virginia was the start of an American historical giant. Thomas Jefferson was born in affluence to his father, Peter Jefferson, a rising young planter in the Virginia colony, and his mother, Jane Randolph, who held a high status within the colony as well. Due to his father’s prosperity Jefferson was afforded the absolute best in the ways of education, starting with private tutors at the age of five, then moving on to learn how to read Greek and Roman in there original text and finally taking his studies to the College of William and Mary in Williamsburg which he would say is “…what probably fixed the destinies of my life…” pg 5. On the other side of the spectrum, a few years later
Over time, Thomas Jefferson and Alexander Hamilton have been arguing on their views on how to run our nation. Their opposing viewpoints resulted in the emergence of two political parties. One political party was the Federalist, who supported Alexander Hamilton. The second political party was the Democratic-Republicans, who supported Thomas Jefferson. As a member of the cabinet and a fellow American, I would support Alexander Hamilton and the Federalist party. I would support Hamilton because of his view on the economy and foreign policy. To elaborate, I would support the Federalists because of their perspective on the constitution and government. My opponents may say that their views on foreign policy, economy, government, and the constitution
From the start of creating this treaty the founding fathers were greatly split into two camps. The Federalist led by Hamilton were seen as pro-British supporters and the antifederalist were being led by Thomas Jefferson. (Milestones: 1784–1800 - Office of the Historian) This treaty was increasingly becoming a partisan issue that was plaguing our young nation. Though the Federalist were being considered pro-British Jay himself a Huguenot was not completely pro-British. As Combs says, “Yet Jay’s dislike of France did not make him pro-British at this time. His attempts to mold an anti-British alliance with Spain is ample evidence of that” (Combs 18) He was not completely pro-British though many were making him out to be. The founding fathers had
After the civil war, Hamilton came up with many different ways to strengthen finances and establish credit for the new nation. One of his proposals was creating a National Bank. Hamilton believed that the elastic clause justified the idea. Although, Jefferson opposed this by saying that it is not ‘necessary and proper’. In document one it states, “The Congress shall have power- To make all Laws which shall be necessary and proper” (Document 1). Jefferson believed that opening a National Bank would lessen the power of the states. This was one of his main concerns. In document three it states, “the Senate would condemn it by the Constitution” (Document 3). Jefferson believed that the Senate
Alexander Hamilton was most likely born on January 11, 1757, although the exact year of his birth is unknown. Hamilton was born on the Caribbean island of Nevis or St. Kitts to Rachel Fawcett and James Hamilton, but he spent the majority of his youth on the island of St. Croix. His formal education as a child was minimal. When his mother died in 1768, Hamilton took his
According to Scott (2008), the Constitution of America has undergone several translations within the history of America because they found it to be unclear. Whereas it appears discrepant that the unclear Constitution could be useful, the disagreement is the case (Robertson, 2005). Americans regard the Constitution to be helpful for the reason that it allows for diverseness of views. In the history of America, a variety of thoughts would develop with alarming and formidable support through various factions (Robertson, 2005). Today, the main political arguments are presented from the Republican group or Democratic group. During the early periods of the American government, arguments on politics were made by Thomas Jefferson
Easily one of the most sought after artists of this age, Lin-Manuel Miranda has made a name out of himself as a creative genius. After already writing In the Heights, Miranda’s first musical to win the Tony of Best Musical, and cowriting music for another Broadway musical, Bring it On!, he shook the world by writing the hit musical Hamilton: book, music and lyrics by Mr. Miranda, in addition to him originating the role of Alexander Hamilton. From that point on, Miranda’s career skyrocketed. Coming from humble backgrounds, Miranda uses his platform on social media to discuss topics like racial and gender inequality, as well for fighting for help for his family’s home of Puerto Rico in financial and physical distress after Hurricane Maria.
Different people have different outlooks on how the nation should be ran and how our economy should produce our money. For instance two great presidents have two different outlooks on how our economy and our politics should work. Thomas Jefferson wanted an economy based on small family owned farms, while Hamilton on the other hand wanted to manufacturer and produce as much as possible in factories. Both of their plans for the economy have many strong points, but they also have some weak points.