How Did Hamilton Influence The Federal Government

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Alexander Hamilton and Thomas Jefferson had fierce debates over the federal government and the future economy of the developing United States of America. They both had very different views on how the newly forming country should be developed. In this time period, there were only two political parties, the Federalists, and the Democratic-Republicans. Hamilton was the leader of the Federalists, as Jefferson was the leader of the Democratic-Republicans. Through their debates, they both helped define our new country, but Hamilton’s vision defined our country more than Jefferson’s. By the 1820s, Hamilton’s actions had more of an impact than Jefferson’s. Alexander Hamilton and Thomas Jefferson both had completely different views about the future …show more content…
Hamilton wanted to give the Federal Government power, as much as he could. After the Revolutionary war, the United States was deep debt. Hamilton’s first job was to deal with the debt. He saw an opportunity to try to make the federal government have a little power. With this debt, Hamilton’s plan was to pay it with face-value, and the money would come from rich speculators in America. After he paid the debt off, he let the federal government manage unpaid debts of the states. Hamilton also helped give power to the federal government by establishing the first national bank. After debating and arguing for tariffs, he eventually got what he wanted. He then gave credit to the federal government and funded all the revenue it needed. Now, Jefferson disagreed with giving power to the federal government. Jefferson disagreed with the bill of creating the National bank, because the federal government did not have enough power and was not ready to establish a bank. Also, if the bank was created, the constitution would give the federal government a lot of power, which Jefferson was afraid of because it would be like a monarchy and take away power from the states. Finally, after they debated about the bank, congress really had no choice but pass Hamilton’s bill for the first bank. They passed it because the constitution let the federal government deal with taxes and debts and a bank would be a perfect fit to help. By 1820, Hamilton’s vision, again, is the one who is becoming closer to reality. The federal government has more power than Jefferson wanted, letting Hamilton’s vision to become a
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