How Did Hamilton Develop The Power Of Political Parties

Thomas Jefferson and Alexander Hamilton shared power while in George Washington’s cabinet because he trusted and valued their opinions. While in George Washington’s cabinet, Hamilton and Jefferson battled each other over many issues. The different views between them formed the first two party system in the United States, which put the Federalists against the Jefferson Republicans. Although Hamilton and Jefferson shared power and may have been enemies of political parties, they fundamentally helped shape the political parties and build what America is today. It was an important goal for both Jefferson and Hamilton to diminish the national debt, but they disagreed on how this was to be done. Hamilton believed in a strong government and Jefferson believed in the
Hamilton and Jefferson came from different backgrounds, which shaped their thoughts and ideas for opposing views on the economy. Jefferson wanted to reduce debt by making the government smaller, and Hamilton wanted to pay off the debts of the states as well as the government’s debt to create a stable economic system for the United States. Hamilton proposed the federal government take over the debt the state governments had accumulated during the Revolution. Jefferson was worried that this would threaten the Republic. “They allowed southern votes to shift to support Hamilton’s plan for assumption of the state debts.” (Brownlee). The debt from the war was paid off differently in varying states. Some states had been slow in paying their debt and would benefit from Hamilton’s plan. Other states had been working hard toward paying their debt, and Hamilton’s plan would be costly for them. Hamilton wanted the government to repay both federal and state debts. He planned to issue new bonds to pay off old debts in hopes of improving the