USA HISTORY

Detailed explanation-1: -Interpreting the Constitution Jefferson and Hamilton also clashed over the Bank of the United States. Jefferson worried that a national bank would. give too much power to the government and to wealthy investors who would help run the bank. Jefferson opposed the law setting up the bank.

Detailed explanation-2: -Jefferson and Hamilton, Political… Differences of opinion didn’t concern President Washington. They could even be useful, until he came to realize (in 1792), the very personal nature of the differences between two of his cabinet members: Alexander Hamilton and Thomas Jefferson.

Detailed explanation-3: -The Compromise of 1790 was a compromise between Alexander Hamilton, Thomas Jefferson, and James Madison, where Hamilton won the decision for the national government to take over and pay the state debts, and Jefferson and Madison obtained the national capital, the called the District of Columbia, for the South.

Detailed explanation-4: -Based on Great Britain’s national bank, Hamilton wanted the government to develop bank branches in major cities, a uniform currency, and a place for the federal government to deposit or borrow money when needed. Thomas Jefferson believed this national bank was unconstitutional.