Title: Jeffersonian Republicans

Essay Details

Subject: American History
Author: Heather T
Date: June 24, 2014
Level: University
Grade: A
Length: 2 / 595
No of views: 0
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Essay text:

Hamilton felt that for a government to be run efficiently, it must be run by the educated (of this period, the only ones educated were the rich who could afford the training). The role of the new government of the time was to encourage economic enterprise. Through the office of Secretary of the Treasury he was able to propose the idea of a national bank, the framework of which was based on the Bank of England...

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This government owned, and run, bank would help the American people recover from the Revolutionary War, regulate currency, and help to control the American economy. During the discussion of this bill for a National Bank the issue of "implied powers" concerning the Constitution arose. The principle of implied powers was that the government possessed the authority to make any laws "necessary and proper" to help and protect the American people...

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