Jefferson believed the common man should run the government and govern ourselves. He believed in small, family owned and individual businesses, should be driving force of America’s economy.

Hamilton argued that the sovereign duties of a government implied the right to use means adequate to its ends. This was used to justify the denial of the right of a state to tax a bank, the Second Bank of the United States, using the idea to argue the constitutionality of the United States Congress creating it in 1816.

Hamilton believes that express powers have implied powers, and those implied powers… Hamilton belives that if the drafters had meant “necessary” as “absolutely,” they…. Would have included “absolutely” — they did so in other places!

Optimistic View of Human Nature Jefferson believed people are basically good—thus capable of self-government. Hamilton favored: A rich and well-born aristocracy, based on birth, wealth, and status. He agreed with John Jay that, “Those who own the country ought to govern it.”

He says that to protect life, liberty and happiness people make an agreement among themselves and they form a government, which would preserve their rights. This concept of government discussed by Jefferson is similar with the product of social contract theory.

Answer Expert Verified. President Jefferson did not run for third term because, during his second term, in his attempt to leave the U.S out of the Napoleonic Wars, he implemented the Embargo of 1807 because France and Britain, who were in the war, were harassing the U.S merchant ships.

Why didn’t Jefferson run for a third term as president? Jefferson wanted to follow Washington’s lead. James Madison was president after Jefferson. You just studied 33 terms!

March 4, 1801 – M

With the inauguration of his handpicked successor, James Madison, Thomas Jefferson retired to his Virginia plantation home, Monticello. The former President was happy to be free from executive duties and eager to satisfy his boundless curiosity for life.