Hamiltion

Hamiltion

Published on 9 June 2022
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Transcript
00:04
Hamilton
00:06
Political Party Project
00:08
Hamilton's platform and goals
00:09
Hamilton wanted a centralized government focused on commerce and industry and allied with the British. He wanted to make the United States a major commercial and military power.
00:15
Alexander Hamilton was a founding father of the United States of America, as well as one of the most prominent interpreters and promoters of the constitution, the creator of the nation's financial system, and the first American to join the political party. He was a supporter of the federal government.
00:16
The Federalist Party was a nationwide group of bankers and industrialists that backed Hamilton's financial principles. These supporters worked diligently in every state to form an organized political party dedicated to having a strong central government. They favored feudalism and modernization.
00:18
Washington wanted to set a good example by appointing the best people to his administration, so he chose two of the most brilliant young Americans he knew to join him: Alexander Hamilton and Thomas Jefferson. Hamilton oversaw both the Treasury and the president's approval of plans such as a national bank. He aided in the strengthening of the economy by assisting with foreign exchange. As Secretary of State, Jefferson assisted in the drafting of legislation that allowed the west to be settled.
00:22
Washington aspired to serve as President of the United States of America. The main reason was that he believed that a democratic republic could notsurvive without unity. The United States, Washington believed, would be divided and destroyed if political parties were allowed to flourish.
00:25
“serves always to distract the public councils and enfeeble the public administration. It agitates the community with ill-founded jealousies and false alarms, kindles the animosity of one part against another, foments occasionally riot and insurrection.”
00:28
The similarities and differences between the federalist and democratic-republican parties.
00:31
Similarities: They both wanted a type of Republic. They both tried to compromise with each to minimize political clashes. They both believed that they were doing what was best for the nation.
00:33
Difference: The Federalists fought for a strong central government, while the Democratic-Republicans claimed that state governments should be more powerful than the federal government.
00:36
Federalism permits states to pursue policies which are most beneficial to them. 
00:39
Federalism became the governing idea to protect Americans against tyranny equal to that of King George III, while also placing a check on rogue states. 
00:40
The national government assumes the states' debts and repays the national debt at par rather than market value.
00:40
The federalists also charter to the national bank, the Bank of the United States.
00:44
The End