Similarities Between Alexander Hamilton And Thomas Jefferson

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Step back in time to the 1800s and witness the epic battle of ideologies between Alexander Hamilton and Thomas Jefferson. Delve into the gripping story of plutocracy, and the controversial national bank that divides the nation. When Alexander Hilton was shaping the nation, he envisioned a strong central government. The strong central government he envisioned raised concerns about the formation of plutocracy, the concentration of wealth and power in the hands of the founding fathers. Alexander Hamilton had many purposes for establishing a national bank. One of the beliefs Hamilton had was that there should be a connection between the bank and the wealthy. As Hamilton described, he would create “...a large banking and trading corporation owned …show more content…
He also believed that the national bank was important to secure finances in the United States. “Hamilton sought to create a stable financial foundation for the nation and increase the power of the central government. He pushed for the national government to assume state debts, which would bind creditors to the federal government” (O’Keefe). While creating a way to secure finances, it was also important for Hamilton to be able to emulate a government like Great Britain. “Overall, Hamilton’s vision of America was that of a country much like Great Britain, with a strong central government, commerce, and industry. His views found more support in the North, particularly New England.” (McDougal). Overall, Hamilton’s multifaceted approach to the national bank laid the groundwork for financial stability, government influence and plutocracy in the U.S.. On the other hand, Thomas Jefferson opposed the ideas Hamilton expressed. He believed that the states would initiate their own banks. He felt as if a national bank would unfairly accommodate the rich businessmen in urban areas over farmers in the
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