Name: _________________________________________
Class: ________________________
Chapter 10.2 (Pages 304-309)
Directions: Read the section and answer the following questions.
1. Who is Alexander Hamilton? What was his biggest job once in office?
2. The American government owed American citizens roughly $40.4 million dollars which was sold
mostly in bonds. Explain why this led to such a big problem?
3. How did Alexander Hamilton want the federal government to fix the financial crises?
4. Why did politicians like Thomas Jefferson dislike Hamilton’s idea?
5. What was the compromise made in June 1790 between Hamilton and Jefferson that helped get
people from the Southern states to agree with Hamilton’s proposed plan to fix the debt in
America?
6. Explain the argument between Jefferson and Hamilton in regards to the role of the federal
government.
a. Jefferson –
b. Hamilton –
7. Hamilton and Jefferson had significantly different ideas about people and their roles as citizens.
Which one do you agree with and why?
8. Hamilton argues that the Constitution gives congress the right to make a national bank
according to Article 1, Section 8. Explain what the ‘elastic clause’ of Article 1, Section 8 of the
U.S. Constitution is and how it might work according to Alexander Hamilton.
9. What was Thomas Jefferson’s belief on the role of Article 1, Section 8 in regards to Congress
making a national bank?