They had very, very, very contradictory ideas toward it. It really wasn't money, but what they thought the government should DO with the money.
Alexander Hamilton, who really had more say as Secretary of the Treasury, believed that the national debt needed to be paid off, and paid off fast, and in doing so, the state debt had to be assumed by the government. He also argued for a national bank, a US mint, and, most importantly, that the US needed to become a manufacturing-based nation.
Thomas Jefferson, who had much less influence as Secretary of State but was also friends with the very influential James Madison, believed that the national debt could wait. He opposed Hamilton's financial policies with a vengeance. Assumption terrified him and Madison, who also thought that a national bank was unconstitutional -- they were very strict constructionists who thought the constitution had to be taken literally - and also that the US should stay an agricultural nation based on farming with a majorly undiversified economy.
While Hamilton was Secretary of the Treasury he faced fierce oppositions to his policies and even was called the worst name of all - a monarchist. But in the long run, after several bitter fights with Jefferson over money, since they had such radically different ideas, he would win out.
Hamilton believed in loose construction of the Constitution, which means that the government can take reasonable actions that the Constitution does not specifically forbid. Jefferson believed in the strict construction of the Constitution, which means that people who favor it think that the federal government should do only what the constitution specifically says it can do.
The disagreement led to the development of the nation's first two political parties, Democrat and Republican.
About Hamilton and Thomas Jefferson
George Washington favored Hamilton over Jefferson because George and Hamilton were both Republicans
The formation of political parties can be traced to different philosophies and viewpoints from thinkers such as John Locke, who emphasized individual rights and limited government, and Karl Marx, who focused on class struggle and the need for a revolution to achieve equality. Additionally, ideologies like conservatism, liberalism, socialism, and others have also influenced the formation of political parties based on their varying ideas about the role of the state and society.
i hate history who cares how Jefferson and hamilton were different...
Hamilton and Burr didn't get along and had different views on government.. Burr will kill Hamilton in a duel.
It lead to Thomas Jefferson asking to resign from President Washington's cabinet on December 31, 1793 due to Washington continually accepting Hamilton's program and positions over Jefferson's.
No
Because Hamilton persuaded people to vote for Jefferson over Burr during the 1800 presidential election.
Jefferson thought it could work. In other words, Jefferson sided with Hamilton.
Jefferson.
yes, it is true that Hamilton and Jefferson disagreed over whether Great Britain or France should be America's closest European ally.
Although Hamilton disliked Jefferson he thought Jeffersons veiws, were better for the country