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We should have listened



And that's why Jefferson was and remains the true radical in that outfit!

OMG! Jefferson was a pinko!

Whatever about Jefferson's policies our own banks here have really left us to sink or swim - and many have already sunken to the bottom, poor things.
That's unregulated, unsupervised banks.

Andrew Jackson went to war to rid the country of the Bank of the United States, which he then replaced with his unsuperivsed, unregulated, under-funded 'pet' banks, and sent the U.S. into a financial depression that lasted for years -- no credit anywhere. He also insisted on getting rid of any small denomination money, thinking then people would -- lord knows what he thought -- Andrew Jackson's capacity for finance and banking was worse even than Fidel's and Che's. He also insisted on specie not currency -- this in a nation that had no source of precious metals until long after his administrations -- until after he was dead.

Nobody had any money at all. No credit, no loans, no investment.

But what did happen is that slaves, who already functioned as money and capital (and their children the interest on the capital) went sky high in cost. Worked well for the slave sellers in the upper south.

Love, C.

P.S. Jefferson lived on slave labor and the sales of slave his whole life long. That's why it worked so well for him.
We here in Ireland in recent years should have listened.
My knowledge of American history as you can see is rather lacking!!
The U.S. is such a mess right now, I can't even believe it.
Jefferson was also a big league slave owner. He didn't like banks because they represented commerce and industry and sound financial management; the exact opposite of the "genteel" lifestyle of slave-owning, landed gentry. Jefferson believed in an Athenian style government with lawgiving by "everyone." "Everyone" being defined as wealthy white men, who had the leisure that comes from owning slaves.

No, I'm not a big fan of Jefferson. He was an elitist, slave-owning coward.
Thanks for that. See comment above about my ignorance of American history!
I have no doubt learned as much, or more, about Irish history from you, as you have American history from me.

As for Jefferson, there are, of course, differences of opinion. In grade school, we learn about him as one of the "founding fathers," a group wise and revered equally. In latter years, those of us who like history and read a fair bit about it, take different views. Jefferson and Alexander Hamilton represented opposite visions of the new country. As you can imagine from my comments, I'm much more of a Hamiltonian.
And that division continues to this very day, that between the Federalists, which Hamiliton helped define in the Federalist Papers, and the strict Constitutionalism of the Republicans, which Jefferson also defined.

Except, of course, when strict interpretation interferes with what a Republican wishes to do, such as Jefferson buying the Louisiana Territory. There was no Constitutional provision for doing such a thing, but ahead he went anyway (and the Federalists complained and tried to block the Purchase).

As other historians have also put it, strict interpretation matters only to the party out of power.

Love, C.
I like your last comment. "Strict" in constitutional matters is similar to "literal" in religious matters. Somehow there's always interpretation, and it depends upon who is doing the interpreting.