Alexander Hamilton was an enemy to the spirit of the American Revolution and turned his back on the cause like Benedict Arnold. His “American Dream” was contrary to the vision of many of the other founding fathers, especially that of Thomas Jefferson. His financial agenda would change the political vision of the new American government and re-embrace the economic policies that the colonies had just fought a war to break free from.
At the constitutional convention in 1787, his true agenda would unfold as the founding generation was attempting to secure the natural rights of men. With careful review of Hamilton’s agenda and his view on government, it is easy to conclude that he “favored British tradition and believed that some sort of monarchist government would be best for the United States” (Whipple 1991).
This traitor to the revolution
proposed an alternative
constitution that concentrated all political power in the central government,
especially the executive branch, with virtually no role at all for the states.
He also proposed a “permanent president” who would have absolute veto power
over all legislation and who would also have the power to appoint all state
governors. He did not believe in the divided sovereignty of federalism that was
adopted by the other founding fathers (DiLorenzo, The Real Lincoln 2002).
In
order to centralize the power of government, Hamilton also proposed a financial
plan that would create a national debt, public credit, a central bank, and
government sponsored projects. The credit that would come from a national debt
would be established through government buy backs of the securities issued by
the Continental Congress during the war with Great Britain. He also suggested
that the newly proposed government develop its credit by taking upon the war
debts encored by the states. With the
creation of a national bank the powers of the centralized government would
implement “national mercantilism—in other words, government-assisted economic
development” (James A. Henretta 2009).
Senator
John Sherman, a member of the Republican Party (which was formed in 1854 on
Hamiltonian principles) and a Senator from Ohio, explained what this agenda
really meant for the nation when he said that their party’s objective was “to
nationalize as much as possible, even the currency, so as to make men love
their country before their states. All private interests, all local interests,
all banking interests, the interests of individuals, everything, should be
subordinate now to the interest of the Government” (DiLorenzo, Lincoln Unmasked 2006).
These
economic principles and centralized government policies of the Hamiltonians horrified
many of the founding generation. Patrick Henry warned that power corrupts even
good men and voiced is concerns for Hamilton and his follower’s push for
central government.
Show me that age and country
where the rights and liberties of the people were placed on the sole chance of
their rulers being good men without a consequent loss of liberty! I say that
the loss of that dearest privilege has ever followed, with absolute certainty,
every such mad attempt (Wootton 2003).
Thomas Jefferson spoke volumes contrary to Hamilton’s agenda. His attacks on central government would elevate him to the status of Hamilton’s nemesis. Not only would President Washington notice the stark difference of opinion between his two cabinet ministers, the Secretary of State (Thomas Jefferson) and the Secretary of Treasury (Alexander Hamilton), but the entire world through the media of the time. Washington respected both men for their knowledge and wisdom. The President would admit that he was unfamiliar with financial matters, so he relied on Hamilton’s “expertise” on the issue. He would offer the same respect to Jefferson’s knowledge in foreign affairs.
With the gulf between the two ministers widening, Washington asked the two to account for their great opposition. Jefferson wrote the President that “from the moment at which history can stoop to notice him [Hamilton], is a tissue of machinations against the liberty of the country which has not only received and give him bread but heaped its honors on his head” (Randall 1993). These ministers would be so completely opposed to each other’s thoughts on government that the two party system would be created as a result of it.
Thomas
Jefferson’s vision for the new republic was dramatically different from that of
Hamilton’s scheme. Government powers were to be limited by the constitution and
Bill of Rights in order to protect the people from the abuses of tyranny.
History and examples of government abuse from the “Old World” was what
motivated the colonies to declare their independence in 1776. The author of
that Declaration of Independence was extremely familiar with the atrocities
imposed by a tyrannical government drenched in economic principles of
mercantilism. The Revolutionary War was fought to overthrow the financial
burdens imposed by a strong centralized government. Just four years since the
war’s conclusion, the same theoretical principles were being fought over at the
constitutional convention.
The
great man from Monticello would write of Hamilton’s attempts to corrupt
Congress through his financial agenda.
Hamilton's financial system had…two
objects. First, as a puzzle to exclude popular understanding and inquiry. Second,
as a machine for the corruption of the [Congress]; for he avowed the opinion
that man could be governed by one of two motives only, force or interest. Force,
he observed, in this country, was out of the question, and the interests,
therefore, of the members, must be laid hold of, to keep the [Congress] in
unison with the executive. And with grief and shame it must be acknowledged
that his machine was not without effect; that even in this, the birth of our government,
some members were found sordid enough to bend their duty to their interests,
and to look after personal rather than public good....[Hamilton’s financial
system] added to the number of votaries to the Treasury, and made its chief the
master of very vote in the [Congress] which might give to the government the
directions suited to his political views (Maxfield 1983).
On
March 4, 1801, Thomas Jefferson offered his first inaugural address to the
people. After Hamilton had pushed forth his financial agenda and the Adam’s
administration would also do much to twist the Constitution to their central
government plans and attack the Bill of Rights, Jefferson would attempt to restore
the republic during his admiration. He expressed his views on “good government”
in his address.
Let us, then, with courage and
confidence pursue our own Federal and Republican principles… a wise and frugal
Government, which shall restrain men from injuring one another, shall leave
them otherwise free to regulate their own pursuits of industry and improvement,
and shall not take from the mouth of labor the bread it has earned. This is the
sum of good government, and this is necessary to close the circle of our
felicities (Yale 2008).
If
the vision of the revolution was to remove a king from our government and to
have no taxation without representation, then Hamilton’s plan was contrary to
that goal. It is clear by the examples of today’s “American System” (a phrased
coined based on Hamilton’s agenda) and the application of it (through the help
of men like Henry Clay and Abraham Lincoln) that Thomas Jefferson and many of
the founders were right in being concerned for his plan. It is clear today that
the people’s rights are not being protected from corruptible public servants,
who are caving to their personal interests over the public good. With the
national debt at 17 trillion dollars and with ever increasing government
regulations and taxes that are chocking the economic prosperity of the American
people, we can easily see how Hamilton betrayed the people and the revolution.
Bibliography
DiLorenzo, Thomas J. "Lincoln Unmasked." 138.
New York: Crown Forum, 2006.
DiLorenzo, Thomas J. "The Real Lincoln." 77.
New York: Three Rivers Press, 2002.
James A. Henretta. "The Creation of American
Society." By David Brody, 195. Boston: Bedford/St. Martin's,
2009.
Maxfield, M. Richard. "The Real Thomas
Jefferson." 469. Washington D.C.: National Center for
Constitutional Studies, 1983.
Randall, Willard Sterne. "Thomas
Jefferson." 503. New York: Henry Holt and Company, 1993.
Whipple, A. B. C. "To the Shores of
Tripoli." 29. Annapolis: Naval Institute Press, 1991.
"The essential Federalist and anti-Federalist
papers." By David Wootton, 37. Indianapolis: Hackett
Publishing Company, 2003.
Yale. Thomas Jefferson First Inaugural Address.
2008. http://avalon.law.yale.edu/19th_century/jefinau1.asp (accessed October
23, 2013).
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