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Question
2nd video on the debate between hamilton and jefferson
- what problem did hamilton want the national government to solve after the revolutionary war?
a. creating more state governments
b. raising funds to support the army and federal obligations
c. eliminating all private banks
d. restricting trade with europe
- why did jefferson oppose hamiltons proposal for a national bank?
After the Revolutionary War, the U.S. faced significant national debt (owed to foreign nations and domestic bondholders) and needed a way to manage finances, establish credit, and fund federal obligations like the military. Hamilton proposed a national bank to centralize financial management, which was part of his broader plan to strengthen the federal government’s economic role. The other options do not align with his core goals: he did not aim to expand state governments (a), eliminate private banks (c), or restrict trade with Europe (d).
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b. Raising funds to support the army and federal obligations