For one, they both hated each other, so that complicated things. But also, Jefferson was an anti-federalist, he believed that the powers of the federal government were limited to what explicitly stated in the constitution, and the Bank, which would give the federal government significant power over the economy, was a big no-no.
The economy is on big difference.
developing a strong commercial and industrial economy
They were afraid of a strong central government with economic powers controlled by the rich. He made a deal with them. He was responsible for creating the First Bank of the United States modeled on the Bank of England. Jefferson and Madison collaborated against Hamilton's Federalist Party in the 1790's.
No, it was Jefferson.
what were two key differences between the north's economy and the south's economy?
For one, they both hated each other, so that complicated things. But also, Jefferson was an anti-federalist, he believed that the powers of the federal government were limited to what explicitly stated in the constitution, and the Bank, which would give the federal government significant power over the economy, was a big no-no.
What was one of the most important differences between the northern economy and the southern economy? The northern economy was industrially based. The Southern economy was agriculturally based.
i just try to known the differentiate between old economy and new economy
The difference between market economy and mixed economy is that a marked economy is a marked economy and a mixed economy is a mixed economy
The economy is on big difference.
How much the government should be involved in the economy
developing a strong commercial and industrial economy
There are major economic differences between the North and South in Italy. The economy is mixed. The North is industrial and the South is agricultural.
The south's economy shifted from ariculture to manufacturing
development economy
Hamilton believed it was all in the industries while Jefferson believed and favored more the agricultural economy