Hamilton v Jefferson USH 1.6

I. Two parties The two party system started with Alexander Hamilton and Thomas Jefferson Both supported ratifying the Constitution Both served in Washington’s cabinet Hamilton was Secretary of Treasury Jefferson was Secretary of State Differences started w/Hamilton’s economic plan

II. $43 Million Hamilton wanted to issue bonds Scoreboard Hamilton – 1 Jefferson – 0 II. $43 Million Hamilton wanted to issue bonds Jefferson and James Madison didn’t want to pay off bondholders Many original owners had sold them dirt cheap Most of the people getting paid were cheating the government Congress approved the plan

II. $43 Million Hamilton wanted the gov’t to assume the states’ debts Scoreboard Hamilton – 2 Jefferson – 0 II. $43 Million Hamilton wanted the gov’t to assume the states’ debts Northern states said yes b/c they owed a lot Southern states said no b/c they had already paid off much of theirs Compromise reached said gov’t would assume debts AND capital would move south (Washington DC)

Scoreboard Hamilton – 3 Jefferson – 0 II. $43 Million Hamilton wanted to start a national bank to hold revenues and a source of loans to spur growth Jefferson & Madison said the Const didn’t specifically allow Congress to do so Hamilton said “necessary and proper” clause allowed Congress to do things to help the US Congress and Washington said yes

II. $43 Million Hamilton wanted a protective tariff Scoreboard Hamilton – 3 Jefferson – 1 II. $43 Million Hamilton wanted a protective tariff Tax to raise the price of imports to protect US industries Jefferson thought US depended on farmers and didn’t want to promote industry Congress did not pass the tariff

II. $43 Million Hamilton wanted to tax whiskey Scoreboard Hamilton – 4 Jefferson – 1 II. $43 Million Hamilton wanted to tax whiskey Raise revenue and control drinking habits J & M supported farmers turning grain into liquor for transport Whiskey Rebellion was western PA farmers attacking tax collectors Washington personally led troops

III. Federalists Supported Hamilton Wanted strong central gov’t Mostly wealthy northerners w/few rich southern plantation owners Loose interpretation of the Constitution Wanted to expand trade and industry

IV. Democratic-Republicans Supported Jefferson and Madison Limited central gov’t Strong state gov’t Supported by “common man” Strict interpretation of Constitution Opposed industrialization Modern Democrats

V. Foreign Policy When French Rev turned violent, Jefferson & Madison still supported it Thought Declaration of the Rights of Man was similar to the Declaration of Independence Hamilton still supported England in their fighting of France

V. Foreign Policy Alien and Sedition Acts were designed to silence opposition of the Adams administration John Adams was a Federalist The Acts stopped Dem-Reps from speaking out.