Though both Alexander Hamilton and Thomas Jefferson served as members of President Washington's cabinet, the two held very different views on the newly founded U.S. government and the role of the masses in that government. During the 1790 's the pictures of Hamilton and Jefferson would develop into two competing political views and eventually form the basis of the first political parties in the U.S. They both debated on the economics central government/different political views, and foreign policy. However, I believe Hamilton had better views for America.
             Hamilton became secretary of the treasury in 1789. He had an elaborate financial plan, which consisted of five major components: funding at par, assumption of state debts, tariffs, excise taxes, and an establishment for a national bank. Funding at par would bolster the federal credit and urge Congress to pay off the entire national debt. Assumption of State depts would force Congress to assume the states' obligations. Excise taxes secured an excise tax on a few domestic items such as whiskey. The foundation of Hamilton's financial plan was a Bank of the United States. He proposed that Congress establish a national bank to handle the government's commercial operations. This measure was opposed by Secretary of State Thomas Jefferson, who did not believe that Congress had the power to establish such an institution. Hamilton wanted the government to encourage manufacturing, and he recommended measures for that purpose. Jefferson opposed such a program because they thought that it would hurt farming interests. Congress partly followed Hamilton's suggestions.
             Conflicts between Hamilton and a group led by Jefferson and Madison resulted in the development of the nation's first two political parties. Hamilton led the Federalist Party, which favored a stable central government. The Democratic-Republican Party, headed by Jefferson and James Madison, wanted a weak national government and st...