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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.
What else can I help you with?
What did The Federalist argue about the constitution?
About Hamilton and Thomas Jefferson
Why did hamilton think that Jefferson Was the better choice for president?
George Washington favored Hamilton over Jefferson because George and Hamilton were both Republicans
How was Jefferson and Hamilton different?
i hate history who cares how Jefferson and hamilton were different...
What did the political difference's between Hamilton and Jefferson lead to?
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.
Why did Hamilton support Jefferson over Burr in the deadlock vote?
Hamilton and Burr didn't get along and had different views on government.. Burr will kill Hamilton in a duel.
The disagreement over the constitution between Alexander Hamilton and Thomas Jefferson led to the forming of what?
No
Aaron Burr hated Alexander Hamilton because Hamilton?
Because Hamilton persuaded people to vote for Jefferson over Burr during the 1800 presidential election.
Who letter is angrier Jefferson or Hamilton?
In their correspondence, Hamilton's letters often exhibit more anger and frustration, particularly in his responses to Jefferson's political actions and ideology. Hamilton's tone is typically more combative, reflecting his deep concerns over Jefferson's vision for America. Jefferson, while critical of Hamilton, tends to adopt a more measured and diplomatic approach, focusing on principles rather than personal attacks. Overall, Hamilton's writings convey a greater intensity of anger compared to Jefferson's.
What do you think Jefferson might say against Hamilton and plan?
Jefferson would likely argue that Hamilton's plan promotes a centralized government that undermines states' rights and individual liberties. He believed that the federal government should have limited powers, fearing that Hamilton's emphasis on a strong national bank and industry would lead to an aristocracy and elitism. Additionally, Jefferson might contend that Hamilton's focus on urban and commercial interests neglects the agrarian values and needs of the majority of the population.
What did Jefferson think Hamilton's excise tax?
Jefferson thought it could work. In other words, Jefferson sided with Hamilton.
Who does Madison agree with Hamilton or Jefferson?
Jefferson.
Hamilton and Jefferson disagreed over whether great Britain or France should be America's closest European ally?
yes, it is true that Hamilton and Jefferson disagreed over whether Great Britain or France should be America's closest European ally.
