What were the disagreements between Thomas Jefferson and Alexander Hamilton?

1 Answer
Mar 23, 2017

Answer:

Thomas Jefferson believed in small government whereas Halmiton wanted a bigger central government.

Explanation:

Hamilton believed in the establishment of a central bank(this is why he favored the creation of the Bank of North America). Jefferson strongly disagreed and did not advocate the issuing of debt which Hamilton deemed as " a national blessing " if " not excessive ".

Jefferson warned Americans against the central banking system. " If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered. "

Jefferson believed in a pastoral ideal of small farmers, he represented the interests of landowners in the South whereas Hamilton stood for the merchants from the East Coast.