The first of these developments is today referred to as the XYZ affair. The XYZ affair was an undeclared war the U.S. fought with France. It started when President Adams sent three representatives to France to negotiate. Upon arrival the French Prime Minister, Talleyrand, demanded they pay him a personal bribe of 250 thousand dollars and loan of 15 million dollars to France (XYZ Affairs n.d.). Offended, the representatives left France and returned to the U.S. When the citizens of the U.S learned of …show more content…
Treasurer, Alexander Hamilton. Hamilton’s vision for this “Bank of the U.S.” was that it would create and issue a stable national currency and promote the development of industry in nation. Most support for this idea came from the northern states, while most of the opposition came from the southern ones. Jefferson strongly opposed the idea of a national bank stating that it was “unconstitutional” and that each state should have the right to establish its own currency, free from interference by the national government (Kennedy, Cohen, Bailey 2006). This led to even more of a separation of the