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☆☆☆☆☆Thomas Jefferson and James Madison
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The Cabinet position of Attorney General was established by an Act of Congress.
by selling government bonds to fund the debt
Novanet: The plan would enrich investors and promote new businesses.
This was the first sitting Supreme Court of the USA. Every decision made by that court established the original precedent for all subsequent cases in the USA. Perhaps the most important was Marbury vs Madison where the precedent was established for the Supreme Court to review laws for "Constitutionality".
Their views were very different. After consolidating all the US foreign debt, the national debt and the state's debts (largely war costs), Hamilton saw the loans from Europe at 4 % instead of 6% as a breather for a few years while to give a chance for our economy to develop. He had set up a 'sinking fund' which was responsible for paying it off.
Jefferson abhorred a national debt and it was a very high priority to pay it off ASAP. Very noble but then we had no money available to keep our security strong at home and Britain was tempted to take advantage and thus led us to the War of 1812-14. Jefferson did not understand finances.
Jefferson also detested banks, the stock market, and manufacturing. He did not understand the value of their contribution. He denigrated Hamilton and his economic system. His first objective when he became president was to have his Secretary of Treasury, the esteemed Swiss Albert Gallatin, review all Hamilton's systems and root them out of being! After the review was done, Jefferson was told that the system was perfect and if you removed one part it would all fail. Jefferson, Madison, and Monroe all benefited from Hamilton's economic system throughout their 24 years of Presidencies.
The ironic thing is that Jefferson was only able to purchase the Louisiana Territory because of Hamilton's financial credit success. Most of it was obtained through European lenders.
Jefferson wanted to pay off the debt; Hamilton did not
The Federalists and democratic republicans
To provide farm land for its growing population.
To starve the British and close their factories
