FratFiles

• Save Paper

The Washington administration was the first to bring together in the

cabinet of the United States, the Secretary of State Thomas Jefferson and the

Secretary of Treasury Alexander Hamilton. Jefferson and Hamilton began to

take different views when the government began to address the issue of the

old war debts and the worthless paper money left over from the days of the

Confederation. Hamilton suggested that the government should create the

Bank of the United States, which would be a public-private partnership with

both government and private investors. The Bank of the United States was to

handle the government's banking needs. Jefferson protested because this was

not allowed by the Constitution. Hamilton opposed the view of Jefferson and

stated that the Constitution's writers could not have predicted the need of

a bank for the United States. Hamilton said that the right to create the Bank

of the United States was stated in the "elastic" or the......

View the rest of this paper...

Approximate Word Count: 1904
Approximate Pages: 8 (250 words per double-spaced page)

Similar Essays

1. Jeffersonians Vs. Jacksonians
   

   Jeffersonians Vs. Jacksonians The Washington administration was the first to bring together in the cabinet of the United States, the Secretary of State Thomas Jefferson and the

2. Jeffersonians Vs. Jacksonians
   

   Jeffersonians vs. Jacksonians The Washington administration was the first to bring together in the cabinet of the United States, the Secretary of State Thomas Jefferson and the

3. 
   

4. 
   

5.