How did Thomas Jefferson's view of the national debt differ from that of Alexander Hamilton? (1 point) Responses Jefferson wanted to pay off the debt; Hamilton did not. Jefferson wanted to pay off the debt; Hamilton did not. Hamilton wanted to pay off the debt; Jefferson did not. Hamilton wanted to pay off the debt; Jefferson did not. Jefferson wanted to increase taxes to pay off the debt; Hamilton wanted to lower taxes. Jefferson wanted to increase taxes to pay off the debt; Hamilton wanted to lower taxes. Jefferson believed the government could add to the debt; Hamilton did not.
Hamilton wanted to pay off the debt; Jefferson did not.
Hamilton wanted to pay off the debt; Jefferson did not.
Thomas Jefferson's view of the national debt differed from that of Alexander Hamilton. Jefferson wanted to pay off the debt, while Hamilton did not.
To find the answer, we need to consider the historical context and the viewpoints of Jefferson and Hamilton.
Thomas Jefferson, as a strict constructionist, believed in limited government and was skeptical of accumulating debt. He believed that the national debt should be paid off as quickly as possible. Jefferson argued that a small federal government with lower taxes would enable individuals to have more economic freedom and control over their own finances.
On the other hand, Alexander Hamilton, as a proponent of a strong central government, believed that the national debt was a necessary and even beneficial tool for the development of the country. He believed in stimulating economic growth through government spending and advocated for maintaining a manageable level of debt. Hamilton argued that the government could use the debt to establish credit and attract foreign investment.
In summary, Jefferson wanted to pay off the debt, while Hamilton believed that the national debt was necessary for economic development.