Congress passed a bill creating a national bank for a term of 20 years, leaving President Washington up for thinking about the banks of constitution. He finally decided to sign the paper saying that a bank was necessary for the nation’s financial well-being. Hamilton then decided to help out infant industries. Where governments may enact import duties, tariffs, quotas and exchange rate controls to prevent international competitors from matching or beating the prices of an infant industry. He hoped to break Britain's manufacturing hold on America. Thomas Jefferson who believed that manufacturing threatened the values of an agrarian way of life. Hamilton's vision of America's future challenged Jefferson's ideal of a nation of farmers, tilling the fields, communing with nature, and maintaining personal freedom by land
Congress passed a bill creating a national bank for a term of 20 years, leaving President Washington up for thinking about the banks of constitution. He finally decided to sign the paper saying that a bank was necessary for the nation’s financial well-being. Hamilton then decided to help out infant industries. Where governments may enact import duties, tariffs, quotas and exchange rate controls to prevent international competitors from matching or beating the prices of an infant industry. He hoped to break Britain's manufacturing hold on America. Thomas Jefferson who believed that manufacturing threatened the values of an agrarian way of life. Hamilton's vision of America's future challenged Jefferson's ideal of a nation of farmers, tilling the fields, communing with nature, and maintaining personal freedom by land