Table of Contents
Why did Jefferson oppose manufacturing?
Like slaves, Jefferson feared, factory workers would be manipulated by their masters, who would make it impossible for them to think and act as independent citizens. Most strikingly, it was an economic vision with no place for slavery.
What was Hamilton’s view on American manufacturing 2 or more views?
Hamilton also highlighted what he saw as “a more serious impediment” to American manufacturing strength: “The apprehension of failing in new attempts.” In his view, excessive fear of failure undermined entrepreneurialism, which seriously hampered the nation’s ability to lead in emergent branches of industry.
Who do you think would support the bank Hamilton or Jefferson and why?
Hamilton believed that the best way to solve the problem of the national and state debts was to establish a national bank. Jefferson believed that the necessary and proper clause did not give the government the power to create such a bank.
What was Alexander Hamilton’s vision for America why?
As Secretary of the Treasury, Hamilton laid the foundation for America’s economic triumphs through his economic vision involving said strong central state, namely his funding and assumption plan, the creation of a National Bank which provided a rudimentary groundwork for the Federal Reserve, and a policy of reasonable …
Why was Hamilton for manufacturing?
He saw manufacturing as a way of helping the country become “independent of foreign nations for military and other essential supplies.” Hamilton specifically called out the need for government to nurture a fledgling manufacturing sector.
Why did Jefferson reject the proposals made by Hamilton in his report on manufacturers?
The most eloquent opposition to Hamilton’s proposals came from Thomas Jefferson, Washington’s secretary of state, who believed that the growth of manufacturing threatened the values of an agrarian way of life. A member of New York’s first anti-slavery society, Hamilton wanted to reorient the American economy.
What did Jefferson think of Hamilton?
Hamilton thus saw Jefferson as sneaky and hypocritical, someone with wild ambition who was very good at masking it. And Jefferson saw Hamilton as a wildly ambitious attack dog who would hammer his way into getting what he wanted.
Why did Thomas Jefferson and Alexander Hamilton disagree over the national bank?
Interpreting the Constitution Jefferson and Hamilton also clashed over the Bank of the United States. Jefferson worried that a national bank would give too much power to the government and to wealthy investors who would help run the bank. Jefferson opposed the law setting up the bank.
Why was Jefferson against Hamilton’s plan?
Not everyone agreed with Hamilton’s plan. Thomas Jefferson was afraid that a national bank would create a financial monopoly that might undermine state banks and adopt policies that favored financiers and merchants, who tended to be creditors, over plantation owners and family farmers, who tended to be debtors.
What was Thomas Jefferson vision for America?
Jefferson’s vision was not anti-modern, for he had too brilliant a scientific mind to fear technological change. He supported international commerce to benefit farmers and wanted to see new technology widely incorporated into ordinary farms and households to make them more productive.
What was Thomas Jefferson’s vision for America give specific examples?
Jefferson’s vision for the United States was that it would become an agrarian nation, composed of white yeoman farmers who owned their own lands. He viewed European societies, especially Great Britain, as corrupt, controlled by moneyed interests and afflicted with the problems that he saw as endemic in urban settings.
Why did Jefferson believe Hamilton’s plan was a good idea?
Jefferson also believed a small number of people would benefit tremendously from Hamilton’s plan. Many people had sold their old bonds at a fraction of their value because they believed they would never get full value for them. Speculators, mainly from the North, bought these bonds at very low rates.
How did Hamilton’s policies affect the south?
Hamilton’s taxes on whiskey and tariffs on imported goods were felt more acutely in the agricultural South; and Southerners suspected Hamilton’s system of promoting urbanization and commerce, two trends that Jefferson and other Southerners feared.
What is the difference between Hamilton’s and Jefferson’s complaints?
Jefferson’s notes contain complaints about yet another of what Jefferson called Hamilton’s forty-five minute jury speeches. And on the opposite side, Hamilton, as he noted in a letter to Washington, couldn’t bear the fact that whenever something didn’t go Hamilton’s way, he could see Jefferson across the table smirking at him.
What did Hamilton propose to do with the national debt?
During the Revolutionary War, each state had amassed considerable debt, and though some had actually retired their debts, many others had not. Hamilton proposed a plan by which the federal government would take up that debt, and issue new bonds to cover the cost. This would have two effects, both of which Jefferson found alarming.