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1. Who do you think would support the bank - Hamilton or Jefferson and why? 2. Who do you think would be against the bank - Hamilton or Jefferson and why?

1. Who do you think would support the bank - Hamilton or Jefferson and why? 2. Who do you think would be against the bank - Hamilton or Jefferson and why?

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1. Who do you think would support the bank - Hamilton or Jefferson and why?

2. Who do you think would be against the bank - Hamilton or Jefferson and why?

 

W Unit 1 Lesson 5 - Inquiry Hamilton v Jefferson_ Evaluating Resources .docx File Edit Format Tools Help Q Q Normal Objective Issues To what extent does Hamilton the musical accurately depict the debate between Hamilton and Jefferson over the National Bank of the United States? Directions: Review the chart below carefully and use it to answer the analysis question below. Hamilton (Federalist Party) Federalism (division of power) Tariff (taxes) on imported goods BIU A A E EDEE US Economy Interpretation of the Constitution Strong central government, weak state governments US government should tax imported goods to generate revenue and pay off debts. This encourages people to buy American made goods and encourages manufacturing. Manufacturing, the US government should support manufacturing Elastic clause allows for loose interpretation of the Constitution National government has the power to issue taxes to raise revenue. The Whiskey Rebellion Whiskey Rebellion represents a plot to promote states rights and was put down properly. Jefferson (Democratic Republican Party) Strong state governments, weak central government States should not be subjected to a national tax of any kind. There should be no tariffs on imports. Farming is the main economic activity that the US should protect and support Strict interpretation, government shouldn't go beyond what is outlined in Constitution National government should leave taxation to the states. In the Whiskey Rebellion, the government used the army to put down legitimate protest to an unfair government tax. Part I - Analysis Question: Based on the information in this chart, predict what Hamilton and Jefferson would do in the following scenario: There is a proposal to create a National Bank of the United States. The power to create this bank is not explicitly listed in the US Constitution, but those who support it cite the elastic clause (which suggests that congress can do anything necessary and proper for the functioning of our nation) as a reason why this bank would be constitutional. Those who oppose it believe it is an expansion of Federal power therefore dangerous. Download Share
Transcribed Image Text:W Unit 1 Lesson 5 - Inquiry Hamilton v Jefferson_ Evaluating Resources .docx File Edit Format Tools Help Q Q Normal Objective Issues To what extent does Hamilton the musical accurately depict the debate between Hamilton and Jefferson over the National Bank of the United States? Directions: Review the chart below carefully and use it to answer the analysis question below. Hamilton (Federalist Party) Federalism (division of power) Tariff (taxes) on imported goods BIU A A E EDEE US Economy Interpretation of the Constitution Strong central government, weak state governments US government should tax imported goods to generate revenue and pay off debts. This encourages people to buy American made goods and encourages manufacturing. Manufacturing, the US government should support manufacturing Elastic clause allows for loose interpretation of the Constitution National government has the power to issue taxes to raise revenue. The Whiskey Rebellion Whiskey Rebellion represents a plot to promote states rights and was put down properly. Jefferson (Democratic Republican Party) Strong state governments, weak central government States should not be subjected to a national tax of any kind. There should be no tariffs on imports. Farming is the main economic activity that the US should protect and support Strict interpretation, government shouldn't go beyond what is outlined in Constitution National government should leave taxation to the states. In the Whiskey Rebellion, the government used the army to put down legitimate protest to an unfair government tax. Part I - Analysis Question: Based on the information in this chart, predict what Hamilton and Jefferson would do in the following scenario: There is a proposal to create a National Bank of the United States. The power to create this bank is not explicitly listed in the US Constitution, but those who support it cite the elastic clause (which suggests that congress can do anything necessary and proper for the functioning of our nation) as a reason why this bank would be constitutional. Those who oppose it believe it is an expansion of Federal power therefore dangerous. Download Share
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Step 1 - Introduction

In 1979 the US had her first bank in Pennsylvania - located in Philadelphia. The President, Directors and the bank company were together involved in establishing this bank. Hence, together they are known as the First Bank of the United States. However, the system of this bank did not reflect the modern central bank; instead it had regulated private banks (without monetary policy).

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