Hamilton Vs. Jefferson

What made Thomas Jefferson and Alexander Hamilton so important in today’s history? To answer that question we need to compare and contrast the two and see what they did to make America how it is now. Jefferson was the third president of the United States from 1801 to 1809 and before that he was elected the second vice president. Hamilton was the first Secretary of the Treasury and was previously part of the U.S. Coast Guard. Although there have many other great leaders who have also contributed to making America, Jefferson and Hamilton were the beginning of a new and more free life. There are mostly contrasting details from the two phenomenons, but there is also the occasional comparisons.

For example while Hamilton was a Federalists, Jefferson was a Democratic and Republican. Hamilton thinks that it is his responsibility to expand the power of the Government. He was part of the beginning of the Federalist Party in 1792 and 1794. Along with fellow bankers and other businessmen to support Hamilton’s economic policies. As a federalist he began the concept of implied powers in which he profitably argued the adoption of the “interpretation” of the United States Constitution. While this was happening Jefferson was condemning most Federalist policies, including the implied powers and the bank. He bombarded the Jay Treaty and said it was a betrayal of the Republican values to the British. After that the Treaty was still passed and the Federalist Party won most of the upcoming legislative battles until finally the Republican-Democrats won the election of 1800. The Federalist never returned to power after that and the Democratic and Republicans took over.

The National Bank held a great place in the fight between Hamilton (Federalists) and Jefferson (D-R). Hamilton wanted the bank so it could eventually create debt for America. Since the wealthy would invest that meant the bank would immediately be effective. Hamilton wanted to makes every state pay for the war debt, but Jefferson sought that unfair. He thought that the states that already paid their part of the debt shouldn’t have to pay anymore. Jefferson also didn’t agree with the National bank because the bank would have special privileges and it would hinder the development of the state banks. Another reason was because the National bank would really only be helpful to the city folk and business people, but not to the farmers which were very important in America. The Constitution didn’t give the National Government the power to be able to establish a bank and the National bank