Founding Brothers: The Revolutionary Generation Chapter Five: The Collaborators

Social Studies

1 answer:

pentagon [3]2 years ago

5 0

Answer:

Not everyone agreed with Hamilton's plan. Thomas Jefferson was afraid that a national bank would create a financial monopoly that might undermine state banks and adopt policies that favored financiers and merchants, who tended to be creditors, over plantation owners and family farmers, who tended to be debtors.

Explanation:

Why they disagreed :

In foreign policy, Federalists generally favored England over France. Anti-Federalists such as Thomas Jefferson feared that a concentration of central authority might lead to a loss of individual and states rights. They resented Federalist monetary policies, which they believed gave advantages to the upper class.

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