Title: Essay on Hamilton and Jefferson Debates - 780 Words
Headings: Hamilton and Jefferson Debates
Hamilton and Jefferson Debates
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Content: more specifically, he proposed a powerful private institution of which the government was the major stockholder. Jefferson, on the other hand, felt that the establishment of a bank by the government was unconstitutional. He felt that the power to charter banks rested in the hands of the states, not Congress. He refers to the Bill of Rights by saying that all powers not specifically granted to the central government were reserved to the states. Jefferson and his followers believed that the Constitution should be interpreted “literally” or “strictly”, what is known as the theory of “strict construction.” Hamilton argued that what the Constitution didn’t forbid, it permitted. He invokes the clause of the Constitution that Congress may pass any laws “necessary and proper” to carry out the powers vested in the various government agencies. He argues that the government was explicitly empowered to collect taxes and regulate trade and in carrying out these basic functions, a...
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Thomas Jefferson and Alexander Hamilton Essay
...Thomas Jefferson and Alexander Hamilton Jefferson and Hamilton’s ideas and ideals differ about economics. The Jefferson and Hamilton debate changed a nation in the early stages of development. Hamilton’s economic plan for the nation included establishing a national bank like that in England to maintain public credit.