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What was a part of Alexander hamiltons plan for restructuring the nations debt?
developing a strong commercial and industrial economy
Did Alexander Hamilton support agriculture economy?
No, it was Jefferson.
If Alexander Hamilton was a New Yorker and Thomas Jefferson was from Virginia How do you think that affected their views on the economy?
Hamilton wanted a strong central government, but Jefferson believed that it was the right of the people to rule their economy.
Why did Jefferson oppose hamiltons financial plan?
For one, they both hated each other, so that complicated things. But also, Jefferson was an anti-federalist, he believed that the powers of the federal government were limited to what explicitly stated in the constitution, and the Bank, which would give the federal government significant power over the economy, was a big no-no.
Did Alexander Hamilton promote an economy based on manufacturing and economic growth while Jefferson believed that agriculture was the key?
No it's the oppisite.
How did Alexander Hamilton's vision of America different from Thomas Jefferson's?
strong central govt run economy vs.decentralized private one respectively
How did Alexander Hamiltons financial plan affect the economy of the US during the 1790s?
His monetary policy enabled the new country to pay its bills, including the costs for the American Revolution. It introduced taxation and the ability of the government to create debt.
What was Alexander Hamilton's view on yeoman farmers?
Alexander Hamilton was a Federalist, in favor of a strong central government and more commercial and industrial expansion. The yeoman farmer was considered a symbol of Jefferson's Republican party, which favored local government and agrarian economy.
What ways Hamilton and Jefferson disagree on the economy is?
Hamilton believed it was all in the industries while Jefferson believed and favored more the agricultural economy
What type of economy did Jefferson believe in?
the rich
What was economy for Thomas Jefferson?
economy was beautiful for thomas jefferson and he loved being outside during the summer but during the winter he was confused on how it can snow!c
Why did the southern farmers oppose hamiltons plans for economy?
They were afraid of a strong central government with economic powers controlled by the rich. He made a deal with them. He was responsible for creating the First Bank of the United States modeled on the Bank of England. Jefferson and Madison collaborated against Hamilton's Federalist Party in the 1790's.
