Compare And Contrast Hamilton And Jefferson's View Of Industrial Economy

Improved Essays
Michael Vipond
Mr. Haindfield
APUSH
1 November 2017
Unit 6 Reaction Paper In the 1780s and 1790s, Thomas Jefferson and Alexander Hamilton had vastly different ideas on how the economic future would be for the United States. Both of them envisioned a prominent nation, but with both different ideas on how to get there. Despite Jefferson’s view of a future of agricultural economy, which was based on farming, no national bank, and strong state governments; Hamiltons view of an industrial economy, which was based on manufacturing, a national bank, and a strong national government, prospered. The extent in which each of their visions affected the United States were reflected by strikes done in the labor work force, the repeal of the national bank by Andrew Jackson, and the growing number of textiles in the U.S. between 1810 and 1840. In the late 18th and early 19th century, Jefferson and Hamilton explicitly exemplify their views about the agricultural and industrial economy. During the Revolutionary war, Americans boycotted manufactured goods that the British made which then lead to the Intolerable Acts in
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The result of Shay’s Rebellion led to questions if the government could stop rebellions. So Hamilton wanting a strong central government would lead to tariffs which would support manufacturing. The causes of the French Revolution gave Jefferson the idea of strong state governments. The French Revolution was caused by having too much power in the monarchy. This gave Jefferson the fear of having too strong of a central government and that then leading to a revolution. So having the power given to the state governments lead to the idea of liberty. This then resulting in the state governments deciding on a low tariff which helps farmers and

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