A.P. U.S. History
Unit 3 Essay- Republican Foundations
The establishment of the first party system was created during the Post-Revolutionary War period of the United States. This was creating a huge gap in viewpoints of the wealthy and common man. The rise of the political parties from 1783- 1800 can be based on Alexander Hamilton and Thomas Jefferson. Both had different views on the economic, social, and political outlooks of the United States.
Economically Hamilton believed in public debt. He wanted to create a national bank. This national bank would take the nation out of debt from the war. The bank would additionally provide loans for businessmen and to provide a place to deposit federal funds. He believed that the government should foster business and contribute to the growth of capitalistic enterprise. Hamilton additionally believed that the United States should have a protective tariff to aid manufactures. Jefferson on the other hand, opposed Hamilton's idea of creating a national bank. He additionally didn't believe that the United States should have a protective tariff to aid manufactures. He preferred a society with some industrial alternative to agriculture. Jefferson believed that all of the national debt should be paid off quickly because it will be harmful to society.
Socially, Hamilton believed that the wealthy people should run the society. A variety of taxes, like the taxes on whiskey harmed the lower and middle class the most. However, Hamilton supported the upper class. Hamilton believed that only the wealthy should be qualified to vote because they were smarter than the lower and middle classes. Merchants, bankers, manufactures, and wealthy farmers were considered Hamiltonians. Jefferson once more, opposed Hamilton's suggestions. Jefferson supported the lower and middle classes. He believed that the "common" people (lower and middle classes) were capable of running the government. He believed that the lower and middle classes were...
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