Thomas Jefferson's arguments against Alexander Hamilton's financial program included the following points:
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Southern states had paid their debts; the other states could do the same. - Jefferson argued that it was unfair for the federal government to assume the debts of states that had not paid theirs when some states, particularly Southern states, had already settled their debts.
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Tariffs would hurt southern farmers. - Jefferson believed that tariffs and taxes favored Northern industrial interests at the expense of Southern agrarian economies, which relied heavily on exports.
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The Constitution did not give the Federal government the right to create a national bank. - Jefferson was a strict interpreter of the Constitution and argued that there was no explicit authority for the federal government to establish a national bank, viewing it as overreach.
The other statements do not accurately reflect Jefferson's arguments against Hamilton's financial program:
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The paying of war debts by the Federal government would establish trust in the country. - This was more aligned with Hamilton's viewpoint rather than Jefferson's.
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A strong Federal government was vital for the nation. - Jefferson was generally wary of a strong federal government and favored states' rights.
So, the correct selections would be:
- Southern states had paid their debts; the other states could do the same.
- Tariffs would hurt southern farmers.
- The Constitution did not give the Federal government the right to create a national bank.
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