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Jefferson Vs Hamilton Essay

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Federalist and Democratic Republicans are constantly debating the smartest way to govern the people. In this case this is regarding Jefferson and Hamilton’s views. Both of their views differ majorly. From Jefferson’s view being rather uneducated and biased to having the people making all the decisions rather than laws being enforced; to Hamilton’s view showing his governing skills with educational background. They both debate their different viewpoints on the national bank, ruling by the rich, tariffs, etc. and to this day there is still an argument debating which viewpoint is best. From Jefferson’s belief, only the rich would be benefitted by a National Bank. That is not quite true, all people can benefit from a national bank. You are not required to have the actual amount of money in your bank account, this would be classified as a loan. A loan could be useful for any small business owners that are looking to promote their business or even to buy supplies required to sell a certain product. The money that you can get from your business will help you pay the loan back. The only way that this can in term affect you, would be that you borrowed money that you won’t ever be able to pay back. Resulting in a bank benefitting anyone that is willing to work to pay the money back to the bank. …show more content…
“He wanted to create a uniform currency circulation through all the states and provide a place for the national government to deposit its money or borrow money when needed.’(Ladenburg 1974) Jefferson did indeed oppose his opinion. Hamilton wanted banks to be able to create money; and when loans were given they had to pay back their loan with interest. So not only is the bank getting their money back but they are also making additional money. The money that is being made with interest will go to either benefit the facility or pay off the nations

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