Thursday, May 14, 2020

Hamilton And Jefferson s Policies - 1155 Words

In the late 18th century, the United States of America faced many challenges such as foreign affairs and economic policy. Hamilton and Jefferson influenced these policies by incorporating their contrasting views in the context of allies and trading. Hamilton created many policies that solved many financial problems and helped shaped our nation. Although, the founding fathers such as Andrew Hamilton and Thomas Jefferson had opposing views on these subjects the main goal was to create a strong government. Hamilton had induced the division of political parties due to his dominance in foreign and domestic policies. He believed that by ensuring a stable currency and enabling the government to assemble wealth it would expand commercial economy (OTP,224). He had declared that getting the country’s finances in order would be a priority. First, with current expenses and then with resolving national debt. Hamilton found solutions on how to create funding, pay off debt and establish a stable currency. Hamilton thought that in order to strengthen the nation the economy must be strengthened as well (OTP,222). In order to create a source of funding, the Tariff Act of 1789 was placed on imported goods and the foreign ships carrying them. Hamilton attempted to solve the national debt issue with enacting the â€Å"Report on Public Credit.† Due to this plan the issue surfaced that many of the securities were no longer held by the original owner and were bought at a depreciated value (Fa rless, TheShow MoreRelatedThomas Jefferson Was The Second President Of The United States Of America1671 Words   |  7 PagesThomas Jefferson was the third president of The United States of America and one of the most influential founding fathers in American history. Thomas was born in Shadwell in Albemarle County, Virginia in 1743. His father Peter Jefferson was a well respected planter in Virginia. 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