National Debt

1
(No Transcript)
2
National Debt
Hamilton is considered to be the father of
National Debt.
Strengthen Nations Ties Helps wealthy
(speculators) Foreign Debt
75 Million
3
National Bank
The elastic Clause Necessary and Proper
Clause Implied Powers
4
Construction of The Constitution
5
Loose Construction of the Constitution. Interpret
based on its meaning not word for word. (Based
his belief on the elastic clause)
6
Strict Construction of the Constitution says you
can only have the powers that are expressly
written in the constitution. Jefferson based his
ideology on the 10th amendment)
7
The different ideas of Thomas Jefferson and
Alexander Hamilton led to the formation of the
first political parties in America.
Hamilton
Jefferson
Vs.
8
Foreign Policy
Hamilton favored England Jefferson favored France
9
Protective Tariffs
Show Me The Money
Excise Taxes
10
Luxury Taxes
Whiskey Rebellion
11
Where would Jefferson and Hamilton stand today
politically? Would they be Republicans or
Democrats? Explain your reasoning.