Gordon Wood and Hamilton's program

“Although Hamilton’s financial program was designed with these moneyed interests in mind, it was never intended for their exclusive benefit. They would no doubt prosper from it, but that would be incidental to his larger economic and political plans. In addition to bringing prosperity to the whole country, Hamilton hoped that his new economic and fiscal measures would tie moneyed men and other influential individuals to the new central government.”

• Gordon Wood, Empire of Liberty

1. What is Wood’s point of view toward Hamilton in the passage? Be specific and cite ONE sentence in your answer.

2. Provide TWO examples between 1783-1789 that would have led Hamilton to conclude that it was necessary to ‘tie moneyed men’ to the government.

3. Provide TWO examples of Hamilton’s ‘program’ that were designed specifically with ‘moneyed interests in mind’.

4. Why do Jefferson and Madison oppose Hamilton’ program? Who does Washington side with as president? What does this opposition, and Washington’s decision tell us about the development of political parties in the early Republic? Be specific.