How did Hamilton and Jefferson address the financial situation of the new U.S. in the 1780s-1790s?

How did Hamilton and Jefferson address the financial situation of the new U.S. in the 1780s-1790s?

Hamilton and Jefferson advocated opposing visions regarding the country’s way forward. Jefferson believed that the tumultuous financial situation of the new U.S. in the 1780s-1790s could only be solved through the agrarian revolution. In contrast, Hamilton wanted to solve this financial situation by promoting commerce and manufacturers. Hamilton rejected the popular will, and instead, he forced the federal government to wield significant power to steer a successful course (Chapter 8). On his part, Jefferson trusted the people and wanted them to become governors simply because of their different views and opinions. For this reason, he made the people his closest advisors.   

How did Hamilton and Jefferson address the class structure situation of the new U.S. in the 1780s-1790s?

During the 1780s-1790s, the new America was about to collapse as fast as it had been created. Various states were entangled in social conflicts between the common and the wealthy people caused by matters of debt and credit. The main problem was that the wealthy people did not want to listen to or accommodate the views of the ordinary people. To solve these social issues, Hamilton emphasized that all people, whether black or white, rich or poor, were equal in ability. On the other hand, Jefferson believed that the blacks and the poor were inferior in both body and mind (Hamilton vs. Jefferson n.d).


Although both Hamilton and Jefferson held good intentions for America’s future, I believe that Hamilton’s philosophy was the most effective because it prevented domestic faction and united the Americans. This means that Hamilton did his best to lead the American people in a positive direction towards achieving a brighter future. He used his federal power to control issues that affected states and created a strong banking system. This did not only address the internal divisions within the country but also maintained the best interests of the Americans in mind for a better America. This relentless philosophy that protected American securities, comforts, freedoms eventually accommodated every American.


Chapter 8. Growing Pains: The New Republic, 1790–1820. OpenStax. 211-241. org/content/col11740/1.3″> Accessed Oct. 9, 2012

Hamilton vs. Jefferson. American History. From Revolution to Reconstruction and beyond. Retrieved from Accessed Oct. 9, 2012

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