Alexander Hamilton proposed several financial plans as Secretary of the Treasury, including repaying national bonds at full value, assuming state debts, and establishing the Bank of the United States. This led to debates with Thomas Jefferson, who believed in limited federal power and promoted states' rights and agriculture over manufacturing. Congress approved Hamilton's plans, establishing precedents for broad interpretation of federal power and national economic policies.

1. U.S. History Chapter 10: Launching the New Nation Section 2: Hamilton & National Finances

6. Settling the Debt Alexander Hamilton: proposes repaying bonds at full value Thomas Jefferson: Believed idea cheated original bondholders

7. U.S. population: 303,716,510 Amt per citizen: $30,150.00 . As of December 5, 2007

13. Hamilton vs. Jefferson Alexander Hamilton: Believed in a strong central government Thomas Jefferson: Believed in preserving states’ rights

16. Chevrolet Silverado Toyota Tundra $20,000 $18,000

17. Chevrolet Silverado Toyota Tundra $20,000 $18,000 + $4,000 tariff = $22,000

19. The Debate over the Bank Alexander Hamilton: Proposes a national bank for government to deposit its money Thomas Jefferson: Questioned the authority of the government to establish a national bank

21. “ The Congress shall have Power…To make all Laws which shall be necessary and proper for carrying into Execution the foregoing Powers, and all other Powers vested by this Constitution in the Government of the United States…” --United States Constitution Article I, Section 8

26. Constitution National Bank Tariffs Economy Democracy Bonds Jefferson Hamilton