Comments on: Jefferson vs. Hamilton (ch. 2)

By: Brandon Gordon

Brandon Gordon — Tue, 13 Nov 2007 20:29:01 +0000

hamilton and jefferson both had their point of views. but i believe jefferson was right. its just gonna make the rich, richer and the poor, poorer.

By: Liz Limburg

Liz Limburg — Tue, 13 Feb 2007 17:34:04 +0000

Hamilton’s plan would benefit all American people(in respect that they could excercise their rights constituted) because he explained the positive impact that a properly funded national dept would have on trade, agriculture, manufacturing, and, overall, it would lower the interest of money. Hamilton further explained that together these effects would create even more opportunities for the public well-being. He also addressed the necessity of acquiring an “adequate and stable value” of a public debt by the support of public credit and that without this, none of the above would take place.

By: Corey Livieri

Corey Livieri — Tue, 13 Feb 2007 03:35:39 +0000

The disagreement over Hamilton’s decision was resolved by moving the nation’s capital to a location on the Potomac River. It seemed like many people in the south did not like the idea of the country taking on a permanent debt. In exchange, it was agreed that the capital would be taken out of the north. I found this chapter interesting because it showed how Hamiliton was not yet satisfied with his duties as Secretary of the Treasury. He also kept sticking his nose in Jefferson’s business, acting like a second Secretary of State.

By: Roxanne Keena

Roxanne Keena — Tue, 13 Feb 2007 02:51:52 +0000

Hamilton was brave in offering up the option of honoring the debt with face value. It was a big step, but something had to be done in order to restore order to the nation’s finances. I can see why Madison, or anyone, would have objected but one has to try and look beyond the near future and see the solution through to understand that it will, and it did, work.

By: Cal Rastall

Cal Rastall — Mon, 12 Feb 2007 21:20:49 +0000

In regards to the first critical thinking question as to why Hamilton wanted to do assume the states debts besides the fact that he is a genius was to have the federal government holding the cards in the respect that though who has the money has the power and if the strong central government (federal government)is the one who has money owed to it then the debtors must listen to the loaner; this is apparent in life situations.