Monday, June 10, 2019
The Policies of Alexander Hamilton and Andrew Jackson Essay
The Policies of Alexander Hamilton and Andrew Jackson - Essay ExampleHe to a fault has a high regard towards the upper-class and educated men as the fittest to become the countrys leaders. Opposing the political views of Hamilton is Jacksons democratic-republicanism. He stressed out the ordinary peoples right to vote and the first president to represent all Americans, regardless of their social standing (The establishment). He is known to be Hamiltons critic who contradicts federalism ideals. He regarded Hamiltons views as elitist and idealistic. Relationship to Modern America Today, the American Federal government is a combi acres of two political views. It takes Hamiltons view on the independence of government branches and Jacksons idealism on suffrage. States also argon granted freedom provided that they also follow the national law. In other words, todays politics resemble both political views. First, the elitist perspective of Hamilton is still surviving, although deter by mo dern thought. Many of the politicians today are with high educational background and came from influential families. Second, Jeffersons state independence is practiced. State leaders are given the freedom to revise existing laws or to make laws not found with the rest of the states (e.g. legal drinking age). Economic Views By the end of the American Revolution, the country has to face a tremendous economic problem. There is an estimated $54 million debt of the United States while it only has barely half of the amount as their asset (Alexander Hamiltons). Clearly, there is a huge deficit in the countrys economic budget. To address this problem, Alexander Hamilton was given the task to regulate all forms of economic activities until it stabilizes. As young as he was at that time, he regarded taxation and debt management as a two-way passageway to economic stability. He proposed that all states should be imposed by appropriate taxes for debt payment. Although states that are already debt-free at that time resisted against this proposal, it is still pursued and became successful. The next give out by Hamilton was to establish the Bank of the United States as modeled from the Bank of England (Alexander Hamiltons) to take care of the collected taxes. While concerned with the nations debt payment, unlike Hamilton, Jackson disagrees with imposing taxes on states and became an advocate of the Laissez-Faire economy. This means to say that states are free to make international economic transaction and other local economic activities without the imposition of taxes or the intervention of the national government (Ambrose and Martin 33). Despite the success of Hamiltons implementation of taxes and debt management, Jackson believes that an economy is better discharge without the presence of both. Since his younger years, Jackson hated debt in general, more so with national debt (Smith).