Question

Hamilton and Jefferson disagreed on most matters, describe Hamilton’s Financial Plan and Jefferson’s opposition to those policies. What compromises were made to adopt Hamilton’s policies?

Answer 1

Hamilton's economic plan was based on the founding of a federal banking system, the provision of credit for the growth of new businesses, and the encouragement and development of American manufacturing. In common with many opposed to the Federalists' economic program, Jefferson firmly believed that it gave too much power to centralized institutions of government.

The proposal for the establishment of a federal bank was especially resented by Jefferson, who saw it as taking away powers that rightly belonged to state banks.

Explanation: The answer.

Answer 2

Hamilton's economic plan was based on the founding of a federal banking system, the provision of credit for the growth of new businesses, and the encouragement and development of American manufacturing. In common with many opposed to the Federalists' economic program, Jefferson firmly believed that it gave too much power to centralized institutions of government. The proposal for the establishment of a federal bank was especially resented by Jefferson, who saw it as taking away...