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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.

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βˆ™ 11y ago
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βˆ™ 10y ago

Why did Jefferson and Madison oppose Hamiltons financial plan

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Anonymous

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βˆ™ 4y ago

because of the bank situation

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Q: Why did Jefferson oppose hamiltons financial plan?
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Related questions

What led Jefferson to oppose Hamiltons plan to promote industry and found a national bank?

HIS SMARTNESS LED HIM TO HAMILTONS PLANS


Why did antifederalists oppose Alexander hamiltons's plan?

Why did Antifederalists oppose Alexander Hamilton's plan


Why did antifederalists oppose Alexander Hamiltons plan?

Why did Antifederalists oppose Alexander Hamilton's plan


Who argued strongly against Alexander hamiltons plan to pay off war bonds?

Thomas Jefferson


Who argued strongly against hamiltons plan to pay off war bonds?

Thomas Jefferson


Who opposed Hamiltons economic plan?

Congress, Jefferson, Pennsylvania farmers(Whiskey Rebellion)


What was one of the constitutional debates surrounding Hamiltons financial plan?

One of the outcomes of the constitutional debate concerning the financial plan of Alexander Hamilton was the construction of the Treasury Department. Hamilton was the first Secretary of the Treasury.


Which person opposed Hamilton's financial plan?

Thomas Jefferson


What person opposed Hamilton's financial plan?

the person who opposed Hamilton's plan was thomas Jefferson


Why did southern farmers oppose Hamiltons plan for the 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.


How did Washington handle Hamilton's financial plan and amp Jefferson's objection?

positively


Opposition by Thomas Jefferson and James Madison to the financial plan of Alexander Hamilton resulted in?

Jefferson and Madison were polar opposites of Hamilton in the financial issues. The result of Jefferson's and Madison's opposition to Hamilton's financial plan was the establishments of the banking system.