Thomas Jefferson feared that a national bank would establish a financial monopoly that may threaten state banks and adopt policies that favoured financiers and merchants, who typically act as creditors, over plantation owners and small-scale farmers, who typically act as debtors.
Who was Thomas Jefferson?
American statesman, lawyer, builder, philosopher, and Founding Father Thomas Jefferson presided over the country as the third president from 1801 to 1809. Prior to that, he served as George Washington's first secretary of state and John Adams' second vice president. The fundamental and universal ideals of self-government that Jefferson outlined in the Declaration of Independence will always be praised for serving as the foundation of the American national ideology.
Hence, Unlike Hamilton Thomas Jefferson feared that a national bank would establish a financial monopoly that may threaten state banks and adopt policies that favored financiers and merchants, who typically act as creditors, over plantation owners and small-scale farmers, who typically act as debtors.
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both stress the importance of individual liberty
On June 13th, the leaders of the colonial forces learned that the British were planning to send troops into Charlestown. In response, 1,200 colonial troops under the command of Col. William Prescott quickly occupied Bunker Hill on the north end of the peninsula and Breed's Hill closer to Boston. By the morning of the 16th, they had constructed a strong redoubt on Breed's Hill and other entrenchments across the peninsula. The next day, the British army under General William Howe, supported by Royal Navy warships, attacked the colonial defenses. The British troops moved up Breeds Hill in perfect battle formations. One of the commanders of the improvised garrison, William Prescott, allegedly encouraged his men to “not fire until you see the whites of their eyes.” Two assaults on the colonial positions were repulsed with significant British casualties; the third and final attack carried the position after the defenders ran out of ammunition. The colonists retreated to Cambridge over Bunker Hill, leaving the British in control of Charlestown but still besieged in Boston. The battle was a tactical victory for the British, but it proved to be a sobering experience, involving more than twice the casualties than the Americans had incurred, including many officers. The battle demonstrated that inexperienced Continental militia could stand up to regular British army troops in battle.
He proposed George Washington to be <span>commander-in-chief</span>.
