Question

In 1790, Alexander Hamilton proposed the creation of a national bank. Which of the following is one of the reasons that people like Thomas Jefferson opposed the creation of a national bank?

Answer 1

Thomas Jefferson generally despised Alexander Hamilton. The root of his hatred being the fight over the Constitution. Hamilton believed that the constitution should be read loosely and that most of it was up for interpretation. Jefferson strongly disagreed and he believed that the Constitution was set in stone. Anything not included in the constitution was wrong and anything included and any body who abides by the Constitution was correct. Thus leading to political parties. The original parties being the Jeffersonians and the Hamiltonians. People sided while Washington tried to remain neutral. In the end after many debates and given speeches, Hamilton won the rights to create the National Bank. Jefferson believed in agriculture, while Hamilton believed in Industry.