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Unit 2 Jeff vs. Ham

Jeff vs. Ham

QuestionAnswer
Argument 1: pay full value of bonds Hamilton-builds investor confidence; speculators took the risk, so its fair Jefferson-rewards speculators, cheats bondholders
Argument 2: pass higher tariffs Hamilton-protect American manufacturing from foreign competition; protective tariff Jefferson-hurts farmers by raising cost of imports
Argument 3: create a national bank Hamilton-"necessary and proper"--elastic clause (loose constructionist); gives govt. place to deposit money Jefferson-elastic clause refers to necissity, not convenience(strict constructionist);too much power for fed.govt
Created by: a.s.h.l.e.y.
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