In Alexander Hamilton’s written opinion for president George Washington, he said “it is conceded that implied powers are to be considered as delegated equally with express ones”. The Federalist wanted stronger federal power and therefore believed in the loose interpretation of the United States constitution, and the Democratic-Republicans wanted less federal power and therefore believed in a strict interpretation of the constitution. Alexander Hamilton was a federalist, and his economic plan involved the creation of the National Bank, however the Democratic-Republicans believed that the constitution did not give the government the right to do such a thing. This was a difference in views of the two parties, in the matters of how the constitution should be interpreted. Moreover, the Federalist and Democratic-Republicans differed in their views on foreign affairs.
Hamilton created his Federalist party to help promote his goals for the United States. Jefferson’s opposition party, the Republicans, “opposed Hamilton's urban, financial, industrial goals for the United States, and his promotion of extensive trade and friendly relations with Britain.” Their interpretation of the Constitution also was very different. Hamilton interpreted it very loosely and used the elastic clause to get what he wanted out of it, while Jefferson read and followed if very strictly. This is a reason Jefferson was against Hamilton’s plans. Thomas Jefferson didn’t like the idea of building a National Bank in the United States.
Hamilton strongly supported the erection of bank while Jefferson, on the other hand, argued strongly against it. President Washington accepted Hamilton’s argument and signed the bill. The difference argument presented in Jefferson’s and Hamilton’s letters to Washington regarding the constitutionality of the bank played a really important role in the United States history because it sparked the start of political parties in the States and with Hamilton’s view prevailed, set a precedent for enormous federal powers by loose comprehension of the Constitution. In his letter to President Washington, Thomas Jefferson aggressively denied the constitutionality of the bank by his strict explanation of the Constitution. Being a strong supporter for state rights, Jefferson inferred from the Tenth Amendment that any powers not listed as given to the federal government in the Constitution
Johnson. He is the author of the book Historical beginnings… The Federal Reserve. Johnson looks at the argument between Hamilton and Jefferson. Hamilton wanted to vest power in congress to establish a central bank whereas Jefferson did not agree with this because the constitution did not require this. Hamilton argued that since congress has been given so many monetary and fiscal powers it would be practical to create a central bank to carry them out (3).
The Democratic-Republicans sought to limit federal control and preferred local power as the dominant force. Chiefly, the emergence of the American two-party system arose from strongly opposed political views, but also developed out of experience and a struggle for power. As previously stated, the main reason for the development of the party system in the United States, or any political party for that matter, is a difference in beliefs on how a government should be operated. The Federalists, formed by Alexander Hamilton – Washington’s Treasury Secretary – in 1794, favored federalism with government having the power to control commerce, tax, declare war, and make treaties among other powers.
Debates Surrounding the Ratifying of the Constitution Both the proponents and opponents of ratification of the United States constitution had a plethora of justifications for their viewpoints. These groups, however, did not agree on which issues were the most relevant to their arguments, and as such, fractured into several smaller sub factions. The three eminent factions in this grand debate over the future of our country were the Federalists, who believed in a strong and centralized government that would support protect and subsidize their businesses. Federalists had two schools of thought, both belonging to the cause known as anti-federalism. They had substantial overlap but differed on their reasons for opposing the Constitution.
The Federalist Papers written by James Madison, Alexander Hamilton, and John Jay were influential in spurring the American people on to the idea of a stronger central government. The major Anti-Federalists were Patrick Henry and Sam Adams, who vehemently opposed a new Constitution being ratified until the Bill of Rights was introduced. All in all the Anti-Federalist argument was weakly put together and failed to convince the public to stick with a revised version of the Articles of Confederation. All of these various factors contributed to the new Constitution because of the weaknesses of the Articles of Confederation the strengths of the new Constitution and the Federalists versus Anti-Federalists debate. Though we no longer go by the Articles of Confederation in today’s government this essay shows the many ways it was a major building block in today’s
Supporters believed that under the Articles of Confederation the government did not hold enough power. The leading figure in this party was Alexander Hamilton who had served as Secretary of Treasury for George Washington’s first term as president. Hamilton proposed the state debts that had come from the revolutionary war, which had created a national debt for the U.S. Hamilton answered this with the idea of the first bank of the United States. The main goal of the idea Hamilton had proposed, of state debts was to avoid unnecessary and possible destructive competition between state and federal governments. Which also allowed the federal government the opportunity for revenue.
Project 2 Alexis Zamora Mrs. Watts December 14, 2012 There were people who supported and opposed the ratification of the United States Constitution who both had a surplus of justification for their viewpoints. These two groups did not agree on which issues were the most relevant to their arguments. In this debate over the future of America, there were two opposing sides to it. First off, the Federalists, they believed in a strong centralized government that would support, protect, and assist their businesses. Then there were the anti-federalists, who had overlapping reasons for opposing the Constitution.
Banks It is well known that Hamilton and Jefferson disagreed strongly about the national bank. Hamilton was the architect of the First Bank of the United States, believing it essential to the financing of the federal government and to the establishment of a robust domestic banking system. As such, Hamilton is considered a pioneer of central banking and a forebearer of the modern Federal Reserve. Jefferson believed the bank would put too much power over the government in the hands of the bank's owners. But the issue went deeper than that.