Thomas Jefferson believed that Hamilton’s system “flowed from principles adverse to liberty and was calculated to undermine and demolish the republic”because Hamilton’s system was more beneficial for wealthy people. The national bank and assumption of state debts, they feared, would introduce into american politics the same corruption that had undermined British liberty, and enrich those already wealthy at the expense of ordinary Americans (Foner 275). James Madison and Thomas Jefferson, believed in the United States the future lay in westward expansion, not connections with Europe (Foner 274). Speculators would reap a windfall by being paid at face value while the original holders received nothing. Because transportation was so poor, moreover,
