lesson 59

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3/14/14

 

Lesson #59

 

AIM:  How did political parties begin in the U.S?

 

DO NOW:  Read pages 254-257 in The American Nation. List the differences between Hamilton’s and Jefferson’s views on government.

 

I)                   Repaying the National debt

a)      As a result of the revolutionary war the United States owed a total of $66 Million dollars to investors and foreign countries.

b)      During the period of the articles of confederation the government was unable to pay this debt. As a result the credit of the U.S was ruined and other countries refused to lend money to the U.S.

c)      Alexander Hamilton proposed that the New U.S Government repay all of the debt. Thomas Jefferson and James Madison disagreed. This led to the birth of political parties in the U.S

 

II)                 The beginnings of political parties in the U.S.

1)      Political parties began when Hamilton and Jefferson could not agree on the issue of paying back money owed from the war. Hamilton felt the money should be repaid while Jefferson didn’t.

a)      Hamilton and those who believed in paying the debt formed the Federalist Party. They believed in the following ideas

1)      a strong central government

2)      an economy based on manufacturing

3)      a government run by wealthy, well educated people

4)      a loose interpretation of the constitution

5)      an alliance with England

6)      favored a national bank

7)      favored protective tariff

b)      Jefferson and those who thought like him formed the Democratic - Republican Party. They believed in the following ideas

1)      strong state government

2)      an economy based on farming

3)      a government in which average people could have political power

4)      a strict interpretation of the Constitution

5)      an alliance with France

6)      opposed national bank

7)      opposed protective tariff

 

Homework: Page 242 question 4.

 

 

 
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