Alexander Hamilton, the Secretary of Treasury, and Thomas Jefferson, the Secretary of State, were brought together in the cabinet by George Washington. Jefferson and Hamilton had differing views on the economy, the Constitution, the Bank of the United States, and the government’s financial state. They both wanted the best for the country, but they saw different means to get to that end. Jefferson and Hamilton disagreed over the need for a Bank of a United States. Hamilton, a Federalist, saw the Constitution as guidelines rather than rules, and he saw the Bank as a necessity to take care of the government’s financial needs.
Jefferson, a Democratic Republican and strict follower of the Constitution,saw the Bank as a convenience rather than a necessity. He thought it was unconstitutional because the idea was not clearly spelled out in the Constitution. They also disagreed on how the country should be run.
Hamilton favored the rich to make the decisions and lead. Jefferson, on the other hand, thought that the best men for the job were the ones who would be most affected by the policies that were made. Hamilton favored urban manufacturing, and Jefferson preferred agricultural development.
Hamilton and Jefferson knew they were not in agreement. The election of 1800 was a revolutionary one because it involved the first peaceful transfer of power in the States. Before this, the Federalists held political power in the United States. Jefferson’s win in the election against John Adams in 1800 marked the beginning of the Democratic Republican Rule and the beginning of the fall of the Federalist party.
(Please reference were you found this information. Jefferson and Hamilton’s differing political views formed new policies, ways to handle those policies, and eventually the fall of the Federalist party. Although both the Federalists and the Democratic Republicans did their best to lead Americans in a positive direction towards a bright future, it is evident that the Federalist Party was much more effective at accomplishing this goal. With their far-sighted yet prudent use of Federal power to control states issues and establish a strong banking system, the Federalists united the American people, resolved internal divisions within the country, and kept the best interests in mind for the future of the United States. The Federalists’ relentless belief in protecting American freedoms, securities, and comforts allowed them to accommodate nearly every American and provide for the future of this great country.