What did Jefferson and the Republicans believe the US economy should be based upon?

What did Jefferson and the Republicans believe the US economy should be based upon?

 Printable Version Thomas Jefferson's goal as president was to restore the principles of the American Revolution. Not only had the Federalists levied oppressive taxes, stretched the provisions of the Constitution, and established a bastion of wealth and special privilege in the creation of a national bank, they also had subverted civil liberties and expanded the powers of the central government at the expense of the states. A new revolution was necessary, "as real a revolution in the principles of our government as that of 1776 was in its form." What was needed was a return to basic republican principles.

On March 4, 1801, Jefferson, clad in clothes of plain cloth, walked from a nearby boarding house to the new United States Capitol in Washington. Without ceremony, he entered the Senate chamber, and took the presidential oath of office. Then, in a weak voice, he delivered his inaugural address--a classic statement of Republican principles.

His first concern was to urge conciliation and to allay fear that he planned a Republican reign of terror. "We are all Republicans," he said, "we are all Federalists." Echoing George Washington's Farewell Address, he asked his listeners to set aside partisan and sectional differences and remember that "every difference of opinion is not a difference of principle." Only a proper respect for principles of majority rule and minority rights would allow the new nation to thrive. In the remainder of his address he laid out the principles that would guide his presidency:

  • a frugal, limited government;
  • reduction of the public debt;
  • respect for states' rights;
  • encouragement of agriculture; and
  • a limited role for government in peoples' lives.

    He committed his administration to repealing taxes, slashing government expenses, cutting military expenditures, and paying off the public debt. Through his personal conduct and public policies he sought to return the country to the principles of Republican simplicity. He introduced the custom of having guests shake hands instead of bowing stiffly; he also placed dinner guests at a round table, so that no individual would have to sit in a more important place than any other. Jefferson refused to ride an elegant coach or host elegant dinner parties and balls and wore clothes made of homespun cloth. To dramatize his disdain for pomp and pageantry, he received the British minister in his dressing gown and slippers.

    Jefferson believed that presidents should not try to impose their will on Congress, and consequently he refused to openly initiate legislation or to veto congressional bills on policy grounds. Convinced that Presidents Washington and Adams had acted like British monarchs by personally appearing before Congress and requesting legislation, Jefferson simply sent Congress written messages. It would not be until the presidency of Woodrow Wilson that another president would publicly address Congress and call for legislation.

    Jefferson's commitment to Republican simplicity was matched by his stress on economy in government. He slashed army and navy expenditures, cut the budget, eliminated taxes on whiskey, houses, and slaves, and fired all federal tax collectors. He reduced the army to 3,000 soldiers and 172 officers, the navy to 6 frigates, and foreign embassies to 3 in Britain, France, and Spain.

    Convinced that ownership of land and honest labor in the earth were the firmest bases of Republican government, Jefferson convinced Congress to cut the price of public lands and to extend credit to purchasers in order to encourage land ownership and rapid western settlement. A firm believer in the idea that America should be the "asylum" for "oppressed humanity," he persuaded Congress to reduce the residence requirement for citizenship from 14 to 5 years. To ensure that the public knew the names and number of all government officials, Jefferson ordered publication of a register of all federal employees.

    Contemporaries were astonished by the sight of a president who had renounced all the practical tools of government: an army, a navy, and taxes. Jefferson's goal was, indeed, to create a new kind of government, a Republican government wholly unlike the centralized, corrupt, patronage-ridden one against which Americans had rebelled in 1776.

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            • The rise of ISIL (ISIS), the Bowe Bergdahl prisoner swap, and imposition of stricter carbon emission standards
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            • Normalizing relations with Cuba, the USA FREEDOM Act, and the Office of Personnel Management data breach
            • The Ferguson police shooting, the death of Freddie Gray, and the Charleston church shooting
            • Same-sex marriage and Obamacare Supreme Court rulings and final agreement on the Iran nuclear deal
            • New climate regulations, the Keystone XL pipeline, and intervention in the Syrian Civil War
            • The Merrick Garland nomination and Supreme Court rulings on public unions, affirmative action, and abortion
            • The Orlando nightclub shooting, the shooting of Dallas police officers, and the shootings in Baton Rouge
        • The Donald Trump administration
          • The campaign for the 2016 Republican presidential nomination
          • The campaign for the 2016 Democratic presidential nomination
          • Hillary Clinton’s private e-mail server, Donald Trump’s Access Hollywood tape, and the 2016 general election campaign
          • Trump’s victory and Russian interference in the presidential election
          • “America First,” the Women’s Marches, Trump on Twitter, and “fake news”
          • Scuttling U.S. participation in the Trans-Pacific Partnership, reconsidering the Keystone XL pipeline, and withdrawing from the Paris climate agreement
          • ICE enforcement and removal operations
          • The travel ban
          • Pursuing “repeal and replacement” of Obamacare
          • John McCain’s opposition and the failure of “skinny repeal”
          • Neil Gorsuch’s confirmation to the Supreme Court, the air strike on Syria, and threatening Kim Jong-Un with “fire and fury”
          • Violence in Charlottesville, the dismissal of Steve Bannon, the resignation of Michael Flynn, and the investigation of possible collusion between Russia and the Trump campaign
          • Jeff Session’s recusal, James Comey’s firing, and Robert Mueller’s appointment as special counsel
          • Hurricanes Harvey and Maria and the mass shootings in Las Vegas, Parkland, and Santa Fe
          • The #MeToo movement, the Alabama U.S. Senate special election, and the Trump tax cut
          • Withdrawing from the Iran nuclear agreement, Trump-Trudeau conflict at the G7 summit, and imposing tariffs
          • The Trump-Kim 2018 summit, “zero tolerance,” and separation of immigrant families
          • The Supreme Court decision upholding the travel ban, its ruling on Janus v. American Federation of State, County and Municipal Employees, No. 16-1466, and the retirement of Anthony Kennedy
          • The indictment of Paul Manafort, the guilty pleas of Michael Flynn and George Papadopoulos, and indictments of Russian intelligence officers
          • Cabinet turnover
          • Trump’s European trip and the Helsinki summit with Vladimir Putin
          • The USMCA trade agreement, the allegations of Christine Blasey Ford, and the Supreme Court confirmation of Brett Kavanaugh
          • Central American migrant caravans, the pipe-bomb mailings, and the Pittsburgh synagogue shooting
          • The 2018 midterm elections
          • The 2018–19 government shutdown
          • Sessions’s resignation, choosing a new attorney general, and the ongoing Mueller investigation
          • The Mueller report
          • The impeachment of Donald Trump
          • The coronavirus pandemic
          • The killing of George Floyd and nationwide racial injustice protests
          • The 2020 U.S. election
        • The Joe Biden administration
          • The COVID-19 vaccine rollout, the Delta and Omicron variants, and the American Rescue Plan Act
          • Economic recovery, the American Rescue Plan Act, the Infrastructure Investment and Jobs Act, and the failure of Build Back Better
          • Stalled voting rights legislation, the fate of the filibuster, and the appointment of Ketanji Brown Jackson to the U.S. Supreme Court
          • Foreign affairs: U.S. withdrawal from Afghanistan and Russia’s invasion of Ukraine
          • The Buffalo and Uvalde shootings, overturning Roe v. Wade, and the January 6 attack hearings

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How did Jefferson view the economy of the United States?

Jefferson thought that farmers, rather than merchants, were the backbone of the new nation. "Cultivators of the earth," he wrote, "are the most valuable citizens." He feared that a manufacturing economy would corrupt the United States by concentrating power in the hands of a small group of wealthy Americans.

What did Jefferson and the Republicans believe in?

Led by Thomas Jefferson, whom they helped elect to the presidency for two terms (1801-1809), the Republicans believed in individual freedoms and the rights of states. They feared that the concentration of federal power under George Washington and John Adams represented a dangerous threat to liberty.

What did the Democratic

Democratic-Republicans favored keeping the U.S. economy based on agriculture and said that the U.S. should serve as the agricultural provider for the rest of the world.

What was Jefferson's economic vision for Americans why?

National economic vision Jefferson believed that liberty and democracy were the greatest virtues a society could strive toward. To that end, he thought an agrarian society made up of independent farmers was best; the "Empire of Liberty," he called it.