Question
The hit Broadway show Hamilton tells the true story of Alexander Hamilton's role in establishing the US monetary system and his conflicts with Thomas Jefferson.
The hit Broadway show Hamilton tells the true story of Alexander Hamilton's role in establishing the US monetary system and his conflicts with Thomas Jefferson. Hamilton envisioned a strong federal government and an economy based on industry. He proposed a central bank and an economy based on banking and industry. Jefferson proposed a small federal government and a decentralized agrarian based economy. Check out this summary from history.com (http://www.history.com/news/whose-vision-of-america-won-out-hamiltons-or-jeffersons).
Of course, Hamilton's ideas prevailed. What if things had gone Jefferson's way? What if we had remained a decentralized agrarian based economy? What if there were no central bank? How would our economy be different with no central bank?
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